February 18, 2009 / 10:48 AM / 10 years ago

UPDATE 2-Deals of the day -- mergers and acquisitions

** British venture capital firm 3i Group Plc (III.L) cut its stake in IT consultancy group Morse Plc MOR.L to less than 3 percent from about 15 percent, a regulatory filing showed. [ID:nBNG436004]

** Marwyn Materials MMAT.L said it has withdrawn its proposed offer for quarry operator Ennstone Plc ENN.L. The company said it was withdrawing the proposal as it was unable to agree to terms with Ennstone, which would be in the best interests of Marwyn Materials shareholders. [ID:nBNG344695]

** The board of Spanish airline Clickair, majority owned by Iberia IBLA.MC, has agreed to merge with rival Vueling VULG.MC, both airlines said on Wednesday, following Vueling’s approval last week. [ID:nMDT006096]

** Indonesian state-owned miner, PT Aneka Tambang Tbk (ANTM.JK), said on Wednesday that it is looking at two coal-mining firms as possible acquisitions to meet its rapidly rising energy needs. [ID:nJAK300049] (Compiled by R. Manikandan and Richa Dubey in Bangalore)

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