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Deals of the day -- mergers and acquisitions

Thu Jul 24, 2008 2:17am EDT
 
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July 24 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT on Thursday.

(For Reuters columns on deals, click on [DEALTALK\]

** China's Hebei Zhongxing Automobile Co is in talks with General Motors (GM.N: Quote, Profile, Research, Stock Buzz) and major Chinese automaker FAW Group to explore opportunities for cooperation, including equity ties, a source close to the situation said. To read more, please double click on [nSHA16697]

** Mapletree Investments, a property firm owned by Singapore state investor Temasek, said it will support a rights issue by Mapletree Logistics Trust MAPL.SI by buying units not taken up by other investors. [nSIN221478]

** Australia's competition watchdog cleared a joint bid for Dairy Farmers by National Foods, owned by Japan's Kirin Holdings (2503.T: Quote, Profile, Research, Stock Buzz), and Warrnambool Cheese and Butter Factory (WCB.AX: Quote, Profile, Research, Stock Buzz), accepting their moves to ease competition concerns. [nSYU004796]

** The merger of the two U.S. satellite radio companies was poised for approval as a pivotal member of the Federal Communications Commission neared agreement to cast a tie-breaking vote in favor of the deal, a source familiar with the merger review said. [nN23493593] (Compiled by Tina Kwan in Singapore)

 

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