February 6, 2008 / 10:31 AM / 11 years ago

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

(Adds Rio Tinto, Enterprise Financial and Morgan Stanley)

Feb 6 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Wednesday.

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

** BHP Billiton Ltd/Plc (BHP.AX) launched a hostile $147.4 billion bid for rival miner Rio Tinto Ltd/Plc (RIO.AX) on Wednesday, ending months of speculation and setting the stage for the world’s second-largest takeover.

To read more, please double click on [nSYD136350]

** Bid target Rio Tinto (RIO.L) (RIO.AX) rejected a sweetened all-share bid from rival mining group BHP Billiton BLT.L (BHP.AX) on Wednesday. [nWLB6891

** SABMiller SAB.L, the world’s second-biggest brewer, has acquired 94.7 percent of Grolsch NV GROLc.AS shares, securing its 816 million euro ($1.2 billion) takeover of the Dutch brewer. [nL06366264]

** Nordic telecoms group TeliaSonera TLSN.ST said it had offered 500 million lats ($1.05 billion) to buy out state-controlled stakes in Latvian fixed-line operator Lattelecom and mobile phone company LMT. [nMAR751924]

** Boeing Co (BA.N) has signed an agreement with TAL Manufacturing Solutions Ltd, a wholly owned subsidiary of Tata Motors Ltd (TAMO.BO)(TTM.N), for making structural components for the 787 Dreamliner, the companies said. [nBOM226414]

** AXA (AXAF.PA), Europe’s second-biggest insurer, has agreed to buy local partner Oyak out of its Turkish insurance joint venture for $525 million, Oyak said, the latest deal in the fast-growing Turkish sector. [nL06258981]

** Specialty pharmaceutical company Alpharma Inc (ALO.N) said it planned to sell its active pharmaceutical ingredients business, which deals with fermentation-based products, to private equity firm 3i Group Plc (III.L) for $395 million in cash. [nWEN3806]

** Atmel Corp ATML.O said it agreed to acquire Quantum Research Group Ltd, a developer and supplier of touch sensing technology, for $88 million in cash. [nWNAS9621]

** Wright Express Corp WXS.N said it agreed to acquire certain assets of privately held Pacific Pride Services Inc, a U.S. fleet fuel distributor, for about $32 million in cash to expand its presence in distributor channel. [nBNG242192]

** Britain’s Climate Exchange CLIE.L said that Bank of America (BAC.N) had pulled out of an agreed joint venture and would not be buying up to $25 million shares in the company. [nL06842746]

** Yahoo Inc YHOO.O Chief Executive Jerry Yang told employees in an e-mail that no decision has been made about Microsoft Corp’s (MSFT.O) bid to buy the company for $44.6 billion. [nN06278062]

** Metrovacesa (MVC.MC) has bought more than 600 million euros ($879 million) worth of office space in Madrid and Barcelona, it said, in a rare case of a Spanish real estate firm buying rather than selling property. [nL06476177]

** Apex Bioventures Acquisition Corp (PEX.A) said it agreed to acquire privately held Dynogen Pharmaceuticals, a biopharmaceutical company focused on gastrointestinal and genitourinary disorders. [nBNG177637]

** Enterprise Financial Services Corp (EFSC.O) said it agreed to sell its Great American Bank unit to bank holding company First Financial Bancshares Inc. [nWNAS9644]

** Morgan Stanley (MS.N) Chief Financial Officer Colm Kelleher said the capital infusion last year from China and efforts to pare down the balance sheet will let the investment bank buy businesses discounted by slumping debt and equity markets. [nN06303613]

** Software firm Mindteck (India) Ltd (MDTK.BO) said it had acquired U.S.-based Infotech Consulting for $21 million. [nBOM235468]

** Newspaper publisher Mid-day Multimedia Ltd MIDD.BO said its board has decided to sell its printing and publishing business to a new wholly-owned unit at a price not less than 170 million rupees. [nBOM303989]

** Standard Chartered (STAN.L) has received several bids for its 75 percent stake in an Indian mutual fund business as the British bank seeks to focus on its core banking operations, a senior official said. [nBOM218963]

** Norway’s fertiliser group Yara (YAR.OL) has signed an agreement with India’s Deepak Fertilisers and Petrochemicals Limited (DFPCL) (DPFE.BO) to establish a joint venture, Yara said. [nOSO001087] (Compiled by Bijoy Koyitty and Swagata Gupta in Bangalore)

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