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

martes 26 de febrero de 2008 22:23 CET

(Recasts; adds CollaGenex)

Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2120 GMT on Tuesday. (For Reuters columns on deals, click on [DEALTALK/])

** U.S. private equity firm The Carlyle Group [CYL.UL] is in pole position to buy a majority stake in a venture owned by Japan's Nippon Sheet Glass (5202.T: Cotización) and Hoya Corp (7741.T: Cotización) in a deal worth about 120 billion yen ($1.11 billion) including debt, a source familiar with the situation said.

To read more, please double click on [nT51908]

** Chinese aluminium giant Chinalco, which led a $14 billion stake investment in global miner Rio Tinto (RIO.L: Cotización), has not increased its Rio holding despite an agreement with its U.S. partner that allows them to buy more, people familiar with the situation said. [nHKG284731]

** Russian energy majors Gazprom (GAZP.MM: Cotización) and SUEK said they had agreed on the main terms for merging their power and coal assets into a holding company that would eventually sell shares to the public. [nL26497766]

** CollaGenex Pharmaceuticals Inc CGPI.O said it agreed to be bought by an affiliate of Switzerland's Galderma Pharma SA for about $420 million. [nBNG319761]

** China Metallurgical Corp has agreed to pay $370 million for a yet-to-be-developed iron ore mine in Australia, the latest move by a state-run conglomerate to acquire assets in Australia's booming resources sector. [nSYD270609]

** Citigroup Inc (C.N: Cotización), the largest U.S. bank, said its wealth management unit agreed to buy the managed account trading and technology operations of Legg Mason Inc's (LM.N: Cotización) private portfolio group. [nWNAS2399]   Continuación...