UPDATE 2-Deals of the day -- mergers and acquisitions
(Adds Infinity Energy, Hasbro and others)
Jan 4 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Friday.
(For Reuters columns on deals, click on [DEALTALK/])
** A group led by U.S. investment firm Aetos Capital LLC has outbid Morgan Stanley (MS.N: Cotización) and others by offering 300 billion yen ($2.7 billion) for a roughly 30 percent stake in Japanese property developer Daito Trust Construction Co (1878.T: Cotización), a financial source said.
To read more, please double click on [ID:nT228547]
** Australian coal miner Resource Pacific Ltd RSP.AX advised shareholders to reject a A$960 million ($842 million) bid from Swiss-based mining group Xstrata XTA.L, saying the offer was "neither fair nor reasonable". [nSYD94792]
** QBE Insurance Group Ltd (QBE.AX: Cotización), Australia's top insurer by premium income, said it has agreed to buy Nasdaq-listed property and casualty insurer North Pointe Holdings Corp NPTE.O for $146 million. [nSYD81076]
** Hasbro Inc HAS.N said it agreed to acquire board game maker Cranium Inc for $77.5 million, adding to a games portfolio that already includes Monopoly, Scrabble and Trivial Pursuit. [nWNAS5648]
** Software services firm Cranes Software International Ltd (CRAS.BO: Cotización) said its board has approved buying out U.S.-based Engineering Technology Associates Inc for 720 million rupees. [nBOM40178] Continuación...