April 22, 2014 / 10:06 AM / 4 years ago

Deals of the day- Mergers and acquisitions

(Adds AT&T, Novartis, HCA Holdings, Omnicon Group, Catalunya Banc, updates Valeant)

April 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Canada’s Valeant Pharmaceuticals International Inc said it had partnered with activist investor Bill Ackman in an unsolicited $47 billion bid to buy Botox maker Allergan Inc in a move to eventually become one of the world’s five biggest drug companies. Valeant said it had lined up $15.5 billion in debt financing from Barclays and RBC Capital Markets to fund its proposed

** Omnicom Group Inc, the No. 1 U.S. advertising company, said it was unable to predict when its $35.1 billion merger with France’s Publicis Groupe SA would close as the deal was yet to win some key approvals.

** Novartis and GlaxoSmithKline agreed to trade more than $20 billion worth of assets on Tuesday to bolster their best businesses and exit weaker ones as the drug industry contends with healthcare spending cuts and generic competition.

** Eli Lilly and Co said it would buy Swiss drugmaker Novartis AG’s animal health business for $5.4 billion in cash to strengthen and diversify its Elanco unit.

** Bailed-out Spanish lender Catalunya Banc, trying to slim down before being privatized, said on Tuesday it had sold a 1.48-billion-euro ($2 billion) package of failed loans to Asian investor Aiqon Capital. The nationalized bank, which is also in the process of trying to offload a 7-billion-euro portfolio of mortgages, did not detail the price of the deal with the debt recovery firm based in Kuala Lumpur.

** A Chinese consortium is the only bidder for a $1.16 billion project to build a 450 megawatt coal-fired power generation unit in Bosnia after Hitachi pulled out of the race, Bosnia’s top power utility EPBiH said on Tuesday.

** French bank Credit Agricole said it had agreed to sell its 50 percent stake in Crelan, Belgium’s seventh-largest banking group, to Belgian cooperative banks. The transaction was estimated earlier this year to be worth 350-400 million euros.

** AT&T Inc said Tuesday it would partner with The Chernin Group media holding company to invest $500 million in a joint venture for web-based video services, making it the latest company aiming to tap the growing consumer demand for online video. The move follows announcements by Verizon Communications , Disney and Dish Network Corp which have plans to roll out video products outside a traditional TV subscription.

** A consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp have agreed to acquire Dubai-based oilfield services firm National Petroleum Services. The transaction is valued “in excess of $500 million.”

** Chinese drugmaker Shanghai Fosun Pharmaceutical Group Co Ltd and private equity firm TPG Capital agreed to buy China-focused Chindex International Inc in a beefed-up $461 million deal after trumping a rival bid.

** Japanese financial services company Orix Corp will buy precious metal, diamond and jewelry recycler Net Japan Co from Baring Private Equity Asia for around 21 billion yen ($204.74 million), people with knowledge of the matter said on Tuesday.

** Lufthansa’s IT infrastructure business, which the airline is trying to sell, is drawing interest from IBM , Hewlett-Packard and France’s Atos, German paper Frankfurter Allgemeine Zeitung (FAZ) reported, without citing any sources.

** Nidec Corp, a top Japanese maker of precision motors, said it would take full control of two subsidiaries through share swaps to strengthen the group amid tough global competition and weak demand in its core PC, digital camera and other markets.

** Bahrain-based alternative investment fund Investcorp said on Tuesday it had agreed to acquire U.S.-based accessories brand Totes Isotoner Corp in partnership with private equity firm Freeman Spogli & Co.

** Pakistan’s MCB Bank Ltd will set up a wholly owned Islamic banking subsidiary while dropping plans to take a stake in Islamic lender Burj Bank, according to a filing with the Karachi stock exchange.

** A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm’s merger with Germany’s Hapag-Lloyd, allowing the agreed deal to clear a hurdle.

** HCA Holdings Inc is among the bidders for Australian hospital operator Healthscope Ltd, which has put itself up for sale, the Sydney Morning Herald reported on Tuesday. HCA, the largest for-profit U.S. hospital operator, is competing against Malaysia’s IHH, which is being advised by JPMorgan and CIMB, and at least one other potential Asian buyer, according to the report.

** The European Commission has approved Suntory Holdings’ $13.6 billion purchase of U.S. peer Beam Inc , making the Japanese company the world’s third-largest spirits producer. ($1 = 102.5700 Japanese Yen) ($1 = 0.7244 Euros) (Compiled by Avik Das in Bangalore)

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