February 12, 2008 / 10:06 AM / 11 years ago

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

(Adds MoneyGram, Societe Generale, and others)

Feb 12 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Tuesday.

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

** Saudi Telecom Co 7010.SE (STC) said it would borrow 9.6 billion riyals ($2.56 billion) from local banks to finance its purchase of a 35 percent stake in Oger Telecom.

To read more, please double click on [nL1213139]

** Student housing developer American Campus Communities Inc (ACC.N) said it would buy the student housing business of GMH Communities Trust GCT.N for about $1.4 billion to enter new markets and streamline costs. [nN12220001]

** The Latvian government said it would not accept Nordic telecom group TeliaSonera’s TLSN.ST 500 million lat ($1.04 billion) offer for the state-owned stakes in fixed-line operator Lattelecom and mobile phone company LMT. [nSAT004945] [nL12862740]

** Venezuelan state-run oil company PDVSA agreed to sell its BORCO crude oil and refined products terminal in the Bahamas to private equity firm First Reserve for $900 million, the Financial Times reported. [nN12259961]

** Payment services company MoneyGram International Inc MGI.N said it would sell a majority stake in the company to an investment group led by private equity firm Thomas H. Lee Partners [THL.UL] and investment bank Goldman Sachs & Co (GS.N).

The investors will acquire an equity interest of about 63 percent for some $710 million. [nN12232069]

** Kuwait’s Global Investment House GLOB.KW said it agreed to pay 205 million Bahraini dinars ($544.6 million) for a 40 percent stake in Bank of Bahrain & Kuwait BBKB.BHBBKB.KW. [nL12841001]

** Japan’s Sumitomo Heavy Industries Ltd (6302.T) said a $532 million bid to buy Axcelis Technologies Inc (ACLS.O) may not be its final offer, leaving open the option of sweetening its bid for the chip equipment maker. [nT84043]

** Engineering and design firm Aecom Technology Corp (ACM.N) said it agreed to acquire Earth Tech, the infrastructure services unit of Tyco International Ltd TYC.N, for $510 million in cash to strengthen its position in water and wastewater markets. [nBNG122818]

** Credito Emiliano (EMBI.MI) has bought Citibank’s network of fund managers in Italy and five retail branches, it said in a statement. [nL12111994]

** British construction and engineering firm Balfour Beatty (BALF.L) has agreed to buy the public-private partnership (PPP) military housing business of U.S. real-estate trust GMH Communities GCT.N for $350 million. [nL12476614]

** Japanese non-prescription drug maker Taisho Pharmaceutical Co Ltd 4535.T said it will spend up to 27.3 billion yen ($255 million) to take a 62 percent stake in Biofermin Pharmaceutical Co Ltd 4517.OS. [nT272450]

** Dell Inc DELL.O said it will buy an e-mail services company, MessageOne Inc, which was co-founded by Michael Dell’s brother, for $155 million. [nN12618262]

** Commercial Bank of Kuwait (CBKK.KW), Kuwait’s fourth-largest lender by market value, said it would sell its 19.1 percent stake in Bahrain’s BBK BBKB.BH for 103.35 million Bahraini dinars ($274.4 million). [nL12695819]

** Specialist fund manager Midas Capital Partners has agreed a reverse takeover of iimia MitonOptimal IMOP.L, the firms said, in a deal that will boost funds under management and help product distribution. [nL1257876]

** Gerdau GTL Spain, a unit of Brazil’s Grupo Gerdau (GGBR4.SA), and Ferrer Industrial have offered to sell 9.98 percent of Colombian steelmaker Acerias Paz del Rio to Brazil’s Votorantim for $66.2 million, Colombian regulators said. [nN12240642]

** Hungary’s Magyar Telekom MTEL.BU said that its Macedonian unit, Makedonski Telekomunikacii, had agreed to sell a Montenegrin subsidiary for 5 million euros ($7.27 million). [nL12851317]

** France’s Societe Generale (SOGN.PA) said it had agreed to buy from Italy’s UniCredit (CRDI.MI) the securities custody, compensation and management assets of the former Capitalia group. [nPAC009245]

** US entertainment company Walt Disney Co (DIS.N) has signed a deal to buy 20 percent of Net TV, a digital television company controlled by Spanish media group Vocento (VOC.MC), the Spanish firm said.

The purchase was valued around 27 million euros ($39.23 million), said Net TV in a statement. [nN12266894] (Compiled by Bijoy Koyitty and Supantha Mukherjee in Bangalore)

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