March 13, 2008 / 9:33 AM / 11 years ago

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

(Adds National Atlantic Holdings and Erg)

March 13 (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/])

** Electronic Arts Inc ERTS.O launched a tender offer for rival video game maker Take-Two Interactive Software Inc (TTWO.O) at $26 a share, indicating its $2 billion bid is turning hostile. To read more, please double click on [nN12258281]

** Time Warner Inc’s TWX.N AOL Internet division said it will buy social network Bebo for $850 million in cash, bolstering its consumer Internet offerings even as the media conglomerate mulls splitting off the business. [nN13279145]

** Irish building materials group CRH (CRH.I) said it had agreed to buy U.S. Pavestone Group for $540 million in cash. [nL13699451]

** Dutch media content provider 2waytraffic N.V. TWT.L said it had agreed a 108 pence-a-share cash offer from Sony Pictures (6758.T), valuing the firm at up to 137.5 million pounds ($276.9 million). [nL13601139]

** Irish food company Kerry Group Plc (KYGa.I) said it had agreed to buy Dairygold spreads maker Breeo Foods, a unit of Irish-based Reox Holdings Plc, for 165 million euros ($253.5 million). [nL13600270]

** Russia’s third-largest steel producer MMK (MAGNq.L) said it had paid $230.4 million to increase its stake in steel trader and coal producer Belon (BLNG.MM) to 41.3 percent from 10.75 percent. [nL13626801]

** National Atlantic Holdings Corp NAHC.O said it agreed to be taken private by a New Jersey-based licensed insurance exchange, Palisades Safety and Insurance Association, for about $70 million in cash. [nBNG291610]

**Russian oil major LUKOIL (LKOH.MM) is holding talks to buy a stake in Italian energy group Erg’s (ERG.MI) Sicilian refinery supersite, two sources close to the potential deal said on Thursday. [nL13858328]

** Horizon Technology Group HOR.I HOR.L said it had received a preliminary approach from an unnamed suitor, prompting the Irish company’s share price to more than double. [nL13694118]

** South African industrial and logistics group Barloworld Ltd (BAWJ.J) said its logistics unit acquired Dubai-based Swift group and its affiliates in Far East, India, UAE, Africa and Germany to expand its global logistics presence. [nWEB8631] (Compiled by Manish Gupta, John Tilak and Swagata Gupta in Bangalore)

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