September 11, 2008 / 9:22 AM / 11 years ago

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

(Adds Lehman, Textron, ImClone Systems and others)

Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Thursday.

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

** Contrary to market speculation, Goldman Sachs Group Inc (GS.N) is not pursuing an acquisition of Lehman Brothers Holdings Inc LEH.N, reflecting concerns that integrating two investment banks would be too disruptive, sources familiar with the situation said. To read more, please double click on [ID:nN11297861]

** Diversified manufacturer Textron Inc (TXT.N) said that it had reached a deal to sell its fluid and power unit to UK-based Clyde Blowers Ltd for $526 million in cash. [ID:nN11466868]

** Bristol-Myers Squibb Co (BMY.N) stood by its $60-a-share offer for ImClone Systems Inc IMCL.O, a day after the biotechnology company spurned Bristol’s offer and said it had another bid at $70 a share. [ID:nN1169853]

** Spain’s Iberdrola (IBE.MC) will spend about 6 billion euros ($8.4 billion) buying U.S. power company Energy East EAS.N, a company executive said in a conference call with analysts. [ID:nLB321898]

** Germany’s second giant bank deal this month neared a climax with Deutsche Bank (DBKGn.DE) poised to take a minority stake in Deutsche Postbank DPBGn.DE despite a rival bid from Spain’s Santander (SAN.MC), sources familiar with the situation said. [ID:nLB566003]

** Spain’s Banco Santander (SAN.MC) has offered to buy Deutsche Post’s (DPWGn.DE) entire 50 percent plus one share stake in Deutsche Postbank DPBGn.DE, Germany’s Handelsblatt newspaper reported citing financial sources. [ID:nWEA9087]

** China Merchants Bank (3968.HK), which in June agreed to pay $4.66 billion for Hong Kong lender Wing Lung Bank (0096.HK), said it has extended a deadline for fulfilling the conditions of the deal by about six weeks. [ID:nHKG267699]

** King Pharmaceuticals Inc KG.N raised its offer for Alpharma Inc (ALO.N) to about $1.6 billion, and said it would take the offer directly to shareholders. [ID:nN11406845]

** Aviva Life Insurance Co India Pvt Ltd said its founders have infused fresh capital to the extent of 3.44 billion rupees to boost its future growth plans.[ID:nBOM39000]

** Japanese dairy goods maker Meiji Dairies Corp 2261.T will take over chocolate producer Meiji Seika 2202.T in a stock deal worth about $1.8 billion, creating the country’s fifth-biggest food company. [ID:nT336722]

** CCMP Capital has joined a group led by Japan’s Unison Capital that aims to buy out Daito Trust Construction Co (1878.T), filling gaps left by other funds which have reduced their involvement, financial sources said. [ID:nT339070]

** South African IT company Datatec Ltd (DTCJ.J) said it has bought a 50.01 percent stake in Inflow Technologies Private Ltd, an Indian ICT distribution business, for an undisclosed amount. [ID:nLB35673]

** China’s Hembly International Holdings Ltd (3989.HK) denied a newspaper report which said it was in talks with Italy’s IT Holding SpA ITH.MI to take a possible stake in IT’s parent company. [ID:nMAT008567]

** Italian private equity group Management & Capitali SpA (MACA.MI) has taken a 6.9 percent stake in broadband services provider Tiscali SpA (TIS.MI) through convertible bonds, the companies said. [ID:nLB64992]

** Japan’s biggest mobile phone firm NTT DoCoMo Inc (9437.T) has acquired an 11.5 percent stake in mobile communications provider Blue Ocean Wireless (BOW) for $10 million, both companies said. [ID:nMAN168739]

** JCDecaux (JCDX.PA) and News Corp NWSa.N are in exclusive talks to combine some of their outdoor advertising activities, they said, a move that could create the world’s largest billboard advertising group. [ID:nLB140923] (Compiled by Aftab Ahmed and Amiteshwar Singh in Bangalore)

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