UPDATE 1-Deals of the day -- mergers and acquisitions

Mon Nov 16, 2009 5:10am EST
 
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(Adds Oce, EDF, Accor and others)

Nov 16 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Monday.

(For Reuters columns on deals, click on [DEALTALK/])

** Japan's Canon (7751.T) plans to buy Dutch copier and printer maker Oce (OCEN.AS) for 730 million euros ($1.09 billion) as it tries to return to growth after the global downturn and fight rival Ricoh.

To read more, please double click on [ID:nLG315826]

** Cheung Kong Infrastructure (1038.HK) (CKI) said it was interested in bidding for Britain's biggest electricity distribution network, which was being sold by French utility EDF (EDF.PA). [ID:nHKG165765]

** Citigroup Inc (C.N) said it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion). [ID:nN15459494]

** The International Chamber of Commerce (ICC) has ruled in favour of Hyundai companies seeking to buy a stake in an affiliated refiner, worth about 2.6 trillion won ($2.25 billion), from International Petroleum Investment Co (IPIC), a Hyundai firm said. [ID:nSEO157477]

** UltraTech Cement (ULTC.BO), a unit of Indian conglomerate Aditya Birla Group, is absorbing sister unit Samruddhi Cement, to form the country's biggest cement firm, both companies said. [ID:nSP337897]

** Israeli conglomerate Delek Group (DELKG.TA) said it had agreed to sell a 12 percent stake in Israeli cable TV company HOT (HOT.TA) to Cool Holding for 402 million shekels ($107 million). [ID:nLF215392]

** A federal judge has issued a ruling supporting a nearly $2.5 billion bid by Grupo Mexico (GMEXICOB.MX), the country's largest mining company, for Asarco LLC, paving the way for the U.S. copper miner to exit bankruptcy. [ID:nN14494858]

** French hotel group Accor (ACCP.PA) could decide at a board meeting to sell its Wagons-Lits unit, which specialises in food catering aboard trains, French daily Le Figaro reports. [ID:nLG314610]

** India's cabinet will soon consider selling part of government's stake in Steel Authority of India Ltd (SAIL.BO) and NMDC Ltd (NMDC.BO), Steel Minister Virbhadra Singh told reporters. [ID:nDEL002347] (Compiled by Tina Kwan in Singapore and Fareha Khan in Bangalore) ((tina.kwan@reuters.com; Reuters Messaging: tina.kwan.reuters.com@reuters.net +65 6870 3924))

 

More News

Accor seen selling Wagons-Lits business -report
Monday, 16 Nov 2009 01:53am EST 
UPDATE 1-CKI says interested in EDF's UK power asset
Monday, 16 Nov 2009 01:34am EST 
Citi to sell Bellsystem stake to Bain for $1 billion
Sunday, 15 Nov 2009 02:06pm EST 

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