April 18 The following bids, mergers,
acquisitions and disposals involving European, U.S. and Asian
companies were reported by 2000 GMT on Wednesday:
** Nestle, the world's biggest food group, is
closing in on a deal to buy Pfizer's infant nutrition
business for up to $10 billion to boost its business in China
and extend its lead in the world of formula milk for babies,
sources familiar with the matter said on Wednesday.
** Commodities trader Glencore signed a $6 billion
syndicated loan backing its $90 billion merger with miner
Xstrata on Tuesday after raising nearly $11 billion in
syndication, banking sources said on Wednesday.
** SXC Health Solutions Corp said it will
buy rival pharmacy benefit manager Catalyst Health Solutions Inc
for $4.4 billion as it seeks to keep pace in the
rapidly consolidating market for managing Americans'
** Swiss drugmaker Roche said on Wednesday it would
not extend a $6.8 billion hostile offer for genetic specialist
Illumina as the U.S. group's shareholders blocked its
move to appoint new directors.
** Canadian convenience-store company Alimentation
Couche-Tard Inc has struck a deal to buy Norwegian
company Statoil Fuel and Retail ASA for 15.9 billion
crowns ($2.8 billion) to gain a foothold in Europe's
** Billionaire investor Carl Icahn cut his stake in
Commercial Metals Co three months after dropping a $1.73
billion buyout offer.
** Westfield Group, the world's second-largest
shopping mall owner, has agreed to sell eight U.S. malls for
$1.15 billion as it raises capital to redevelop its other
** Regional cable operator Knology Inc will be
bought by a unit of Avista Capital Partners for about $750
million plus an equal amount in debt, as the private equity firm
adds cable assets in southeastern and midwestern United States.
** Private equity funds Affinity Equity Partners, MBK
Partners and a listed retail unit of Lotte Group are among
prospective bidders for an around $744 million stake in Korean
water purifier company Woongjin Coway, sources with
direct knowledge of the matter told Reuters.
** Australia's Macquarie Group and Japan's Nikko
Asset Management are among the companies interested in buying
ING's Asian asset management business, sources said, in
a deal that could be worth around $500-600 million.
** Baytex Energy Corp BTE.TO said its U.S. subsidiary has
agreed to sell its non-operated interests in the Williston Basin
in North Dakota to a unit of Magnum Hunter Resources MHR.N for
** Cameron International Corp said it will buy the
drilling equipment business of TTS Energy division from Norway's
TTS Group ASA in an all-cash deal valued at $270
** Japanese manufacturer Nitto Denko said on
Wednesday it would buy Turkish industrial adhesive tape maker
Bento for $100 million.
** Italy's state-owned investment fund Cassa Depositi e
Prestiti (CDP) is considering the idea of buying a stake in gas
transport group Snam under certain conditions, the CDP
Chief Executive said on Wednesday.
** German books-to-perfumes retailer Douglas has
not been in contact with LVMH, a source said, after a
report that the French luxury goods group was eyeing a deal with
the German group.
** Tata Communications Ltd has secured bank
financing ahead of an April 19 deadline to decide whether to
make a bid for London-listed Cable & Wireless Worldwide,
Thomson Reuters publication Basis Point reported on Wednesday.
** Sovereign wealth fund Government of Singapore Investment
Corp has begun talks with India's GVK Group to buy a stake in
one of its units that owns Australia's Hancock Coal, the
Financial Express newspaper reported on Wednesday, citing two
people familiar with the development.
** ConAgra Foods Inc on Tuesday said it agreed to
buy breakfast sandwich and sausage maker Odom's Tennessee Pride,
the latest in a series of deals aimed at expanding the company's
** Swiss energy company Alpiq, hit hard by
Switzerland's decision to phase out nuclear power, is close to a
disposal laid out in a revamp of the business last year, three
people close to the matter said.
** Spanish construction company ACS sold a 3.7
percent stake in Iberdrola on Wednesday, ditching its
strategy of gaining more control over the utility to focus
instead on cutting heavy debt.