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

jueves 20 de noviembre de 2008 22:11 CET

(Adds Severstal, Chevy Chase Bank and others)

Nov 20 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, North American and Asian companies were reported by 2100 GMT on Thursday.

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

** Brazil's state-run Banco do Brasil (BBAS3.SA: Cotización) agreed to buy a large public bank, spurring further consolidation in the banking sector of Latin America's largest economy. Banco do Brasil said it would buy Nossa Caixa BNCA3.SA, a commercial bank owned by the state of Sao Paulo, for 5.39 billion reais ($2.25 billion).

To read more, please double click on [ID:nN20355710]

** Severstal (CHMF.MM: Cotización), Russia's largest steel maker, has taken control of Canadian miner High River Gold Mines Ltd HRG.TO by increasing its stake to 50.1 percent, the company's mining division said on Thursday. [ID:nLK738800]

** Citigroup Inc (C.N: Cotización), JPMorgan Chase & Co (JPM.N: Cotización) and Capital One Financial Corp (COF.N: Cotización) are among the final bidders for Chevy Chase Bank, a Bethesda, Maryland, lender, sources familiar with the matter said. [ID:nN20410894]

** Clearwire Corp CLWR.O said its shareholders had voted to approve its proposed high-speed wireless joint venture with Sprint Nextel Corp (S.N: Cotización) that includes an investment of $3.2 billion from cable, Web and chip partners. [ID:nN20421241]

** Teck Cominco TCKb.TO will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt from its acquisition of Fording Canadian Coal Trust, the company said. [ID:nN20413739]   Continuación...