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

viernes 20 de febrero de 2009 22:00 CET

(Adds Acciona, others)

Feb 20 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Friday.

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

** Spain's Acciona (ANA.MC: Cotización) has agreed to sell its 25 percent stake in power utility Endesa (ELE.MC: Cotización) to Italy's Enel SpA (ENEI.MI: Cotización), in a deal worth 11.3 billion euros ($14.2 billion), a source with knowledge of the deal said.

To read more, double-click on [ID:nLK611384]

** Biotechnology company CV Therapeutics Inc CVTX.O rejected a buyout offer from Japan's Astellas Pharma Inc (4503.T: Cotización), saying the proposal significantly undervalued the company and its growth potentials. Last month, Astellas publicly offered to acquire the U.S. drugmaker for $16 a share, or about $1 billion. [ID:nBNG435146]

** Danish ingredients group Danisco DCO.CO said it agreed to trim the sale price of its sugar unit to Germany's Nordzucker to 5.45 billion Danish crowns ($919.8 million) from 5.6 billion crowns. [ID:nLK690425]

** Citigroup (C.N: Cotización) plans to sell its stake in Brazilian credit card processor Redecard RDCD3.SA, a source with direct knowledge of the plans said, the latest move by the U.S. banking giant to raise cash. [ID:nSPG000200]

** Enel (ENEI.MI: Cotización) and Acciona (ANA.MC: Cotización) were close to a deal on Friday that would give the Italian energy firm almost complete control of Spain's second biggest electricity utility, Endesa (ELE.MC: Cotización), sources said. [ID:nLK611384]   Continuación...