Bonds News

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

** GM GM.N and Chrysler LLC's owners are discussing a merger that would keep some of Chrysler's operations intact and save jobs with the aim of securing the U.S. government financial aid the high-stakes deal would require, people familiar with the talks said on Sunday. [ID:nSP5506]

** Qatar Airways has expressed an interest in taking part in the privatisation of Greece’s state-owned Olympic Airlines [OLY.UL], Greek Prime Minister Costas Karamanlis said on Sunday. [ID:nLQ121728]

** Austria is extending the tender for Austrian Airlines AUAV.VI for two months as the bidders for the loss-making airline require the government take on some of its debt, the state holding company said on Monday. [ID:nLR317070]

** Malaysia’s state investment arm Khazanah Nasional said it has bought a 10 percent stake in Jadwa Investment, a Saudi-based shariah investment firm, for 270.9 million ringgit ($75.7 million). [ID:nKLR385524]

** China Huaneng Group, one of the country’s largest power generating firms, has bought a 40 percent stake in Huating Coal Group, the top coal mining company in the northwestern province of Gansu, the company said. [ID:nSHA35879]

** South African stock exchange operator JSE Ltd JSEJ.J will make a conditional unsolicited offer to acquire the Bond Exchange of South Africa (BESA) for 173 million rand ($15.34 million), it said on Monday. [ID:nLR201728]

** United Arab Emirates banks should consider mergers to enable them to lower costs, the central bank governor said on Monday, as consolidation pressures rise across the Gulf Arab region during a global credit crisis. [ID:nLR268356] (Compiled by Kuganandhan Paramanandan and Santosh Nadgir in Bangalore)