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

martes 10 de marzo de 2009 21:00 CET
 

(Adds Herley Industries, Radian Group and others)

March 10 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Tuesday.

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

** Merck & Co (MRK.N: Cotización) and Schering Plough Corp SGP.N, in a merger agreement filed with the U.S. Securities and Exchange Commission, said that the agreement includes a $1.25 billion termination fee.

To read more, please double click on [ID:nWEN5683]

** Swiss drugmaker Roche ROG.VX said again that it deemed its $93 per share offer for U.S. biotech group Genentech DNA.N as fair, after a source familiar with the situation had said the two sides were in talks for a deal at a higher price. [ID:nLA302930]

** Herley Industries Inc HRLY.O, a U.S. defense electronics manufacturer, has put itself up for sale in an auction expected to draw interest from large defense contractors, two sources familiar with the matter said. [ID:nN10524301]

** U.S. mortgage insurer Radian Group Inc (RDN.N: Cotización) said it was actively exploring capital raising options, including selling its stake in consumer asset and servicing firm Sherman Financial Group and through an equity offering. [ID:nBNG488000]

** The Luxembourg arm of crisis-hit Icelandic bank Kaupthing will shed certain assets and loans before being taken over, according to a restructuring plan drawn up by administrators. [ID:nLA572956]   Continuación...