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

lunes 10 de marzo de 2008 21:07 CET

(Adds LSI Corp, Tenneco and others)

March 10 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Monday.

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

** Japan's Sumitomo Heavy Industries Ltd (6302.T: Cotización) and private equity firm TPG said they raised their bid for Axcelis Technologies Inc (ACLS.O: Cotización) by 15 percent to $615.6 million to encourage the semiconductor equipment maker to open talks for a friendly deal. [nN09412847]

** Warren Buffett's Berkshire Hathaway Inc (BRKa.N: Cotización) (BRKb.N: Cotización) will sell its 16.3 percent stake in White Mountains Insurance Group Ltd (WTM.N: Cotización) in a transaction valued at $836 million, seven years after investing in the Bermuda-based insurer, White Mountains said. [nN10368791]

** Nationwide Financial Services Inc NFS.N said affiliates of parent Nationwide Mutual Insurance Co have offered to buy all of its outstanding Class A common stock for about $2.2 billion. [nN10429715]

** Irish telecoms billionaire Denis O'Brien said he had raised his stake in Dublin-based newspaper publisher Independent News & Media (INME.I: Cotización) to 20.16 percent from the 19 percent declared last week. [nL10267798]

** LSI Corp (LSI.N: Cotización) has agreed to buy the hard-drive semiconductor business of Germany's Infineon Technologies AG (IFXGn.DE: Cotización), the U.S. company said.

LSI did not disclose financial details. [nL10388824]   Continuación...