UPDATE 1-Deals of the day -- mergers and acquisitions
(Adds Genentech, AIG and others; updates Motorola)
Feb 24 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Tuesday.
(For Reuters columns on deals, double-click on [DEALTALK/] )
** Roche ROG.VX will likely have to up its bid for the 44 percent of Genentech DNA.N it does not already own, analysts said after the U.S. biotech group urged shareholders to reject the offer.
To read more, double-click on [ID:nLO369268]
** American International Group Inc (AIG.N: Cotización) received bids from MetLife Inc (MET.N: Cotización) and Axa SA (AXAF.PA: Cotización) for its American Life Insurance Co unit, Bloomberg reported, citing people familiar with the situation. [ID:nBNG386978]
** Lehman Brothers Holdings Inc LEHMQ.PK will spin off its venture capital arm into an independent firm, the latest move by the bankrupt securities firm to shed assets and raise cash, the Wall Street Journal said. [ID:nBNG400705]
** Commodities trading house Noble Group Ltd (NOBG.SI: Cotización), the biggest shareholder in Gloucester Coal Ltd GCL.AX, has concerns about Gloucester's proposed merger with fellow Australian miner Whitehaven Coal Ltd (WHC.AX: Cotización), Noble said in a statement. [ID:nSYD58265]
** Spain's Santander (SAN.MC: Cotización) and utility Union Fenosa UNF.MC have renewed talks to sell their 36 percent stake in oil group Cepsa CEP.MC to Abu Dhabi fund IPIC, Expansion reported, citing unnamed energy- sector sources. [ID:nLO325691] Continuación...