UPDATE 3-Deals of the day -- mergers and acquisitions

Mon Jul 20, 2009 4:28pm EDT
 
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** Media company UTV Software Communications Ltd (UTVS.BO) said it agreed to buy the remaining stake in UMP Plc (UMP.L) for about $195 million as it tries to integrate its movie business. [ID:nBNG44335].

** Israeli Delek Energy Systems DEOL.TA is selling its Delek Energy (Vietnam) LLC subsidiary to Premier Oil Plc (PMO.L), and will receive $83.9 million for the sale. [ID:nLK130163]

** Cossette Inc (KOS.TO), a Canadian communication services provider, said it received an unsolicited offer from privately held Cosmos Capital Inc at C$4.95 per share in cash, valuing the company at about C$78.2 million ($70.8 million). [ID:nBNG239208]

** Diversified manufacturer Teleflex Inc (TFX.N) said it agreed to sell its power systems business to Fuel Systems Solutions Inc (FSYS.O) for $14.5 million. [ID:nBNG166797]

** Turnaround investment group Bernard Krief Consulting is planning to make an offer next week for cash-strapped French fashion designer Christian Lacroix, the company said. [ID:nLK121648]

** India's ONGC (ONGC.BO) has hired Citigroup (C.N) to advise it on a bid for Kosmos Energy's stake in an oil field in Ghana in a deal that could be worth between $3 billion and $5 billion, sources familiar with the deal said. [ID:nHKG40219]

** Real estate firm Derwent London Plc (DLN.L) said on Monday it had sold its freehold interest in a property in London's West End to the Arup group of companies for 60 million pounds ($97.84 million). [ID:nLK709988]

** Australian mine engineering contractor GRD Ltd recommended a A$106 million ($85 million) takeover offer from UK engineering firm AMEC Plc. [ID:nSYD422461]

** Online gaming group PartyGaming is close to announcing a 100 million-pound ($163.1 million) deal to buy Cashcade, owner of the foxybingo.com website, a source familiar with the matter said. [ID:nLJ720109]

** SemGroup LP [SEMGP.UL] said that it had reached an agreement with a group led by John Catsimatidis to support the oil and gas services company's bankruptcy reorganization plan. [ID:nN2070018 ] (Compiled by Vidya Lakshmi and Sakshi A Mattoo in Bangalore and Tina Kwan in Singapore)

 

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