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

lunes 11 de febrero de 2008 15:46 CET

(Adds New York Times, E*Trade Financial, AbitibiBowater, and others)

Feb 11 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Monday.

(For Reuters columns on deals, click on [DEALTALK/])

** Yahoo YHOO.O is seeking to restart merger talks with AOL (TWX.N: Cotización) as a means of defending itself against an unsolicited bid approach from Microsoft (MSFT.O: Cotización), the Times newspaper said.

To read more, please double click on [nL11640999]

** Yahoo Inc YHOO.O rejected Microsoft Corp's (MSFT.O: Cotización) unsolicited takeover bid, currently valued at $42 billion, as too low, saying its board had unanimously concluded it was not in the best interests of shareholders. [nWNAS0353]

** Microsoft Corp (MSFT.O: Cotización) said it agreed to acquire Danger Inc to strengthen mobile consumer vision. [nWNAS0354]

** Hungary's OTP Bank (OTPB.BU: Cotización) is to sell its insurance arm to France's Groupama for 164 billion forints ($897.2 million), more than analysts had expected, to free up cash to finance expansion in the east. [nL11674475]

** Sumitomo Heavy Industries Ltd (6302.T: Cotización) said it offered about $532 million to acquire Axcelis Technologies Inc (ACLS.O: Cotización) and asked the semiconductor-equipment maker to hold talks to complete a transaction. [nN11619730]   Continuación...