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

lunes 17 de noviembre de 2008 21:59 CET

(Adds iPCS; Updates AVI, Bank of America)

Nov 17 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, North American and Asian companies were reported by 2100 GMT on Monday.

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

** Bank of America Corp (BAC.N: Cotización) said it will boost its stake in China's third-largest bank, China Construction Bank Corp (0939.HK: Cotización) (601939.SS: Cotización), to 19.1 percent from 10.75 percent.

To read more, please double-click on [ID:nN17499130]

** iPCS Inc IPCS.O said it withdrew its request for a temporary injunction against the proposed joint venture of Sprint Nextel Corp (S.N: Cotización) and Clearwire Corp CLWR.O after an agreement with the companies. [ID:nN17522750]

** Debt-laden Indonesian conglomerate Bakrie & Brothers (BNBR.JK: Cotización) will change the terms of the sale of its stake in coal miner Bumi Resources (BUMI.JK: Cotización) to private equity firm Northstar Pacific after Bumi's share price plunged. [ID:nJAK216797]

** Tiger Brands Ltd (TBSJ.J: Cotización) said on Monday it may make an 8 billion rand ($786 million) cash-and-shares bid for AVI (AVIJ.J: Cotización) to create a South African food and consumer goods heavyweight. [ID: nLH481695]

** China Banking Corp (CHIB.PS: Cotización) said it wants to buy the consumer banking arm of Philippine American Life and General Insurance Co (Philamlife), the local unit of American International Group (AIG.N: Cotización) and the country's largest insurer. [ID:nMAN391099]   Continuación...