February 7, 2008 / 10:44 AM / 11 years ago

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

(Adds Iowa Telecommunications and National Bank of Canada)

Feb 7 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Thursday.

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

** Telecom equipment maker Ericsson (ERICb.ST) said it had signed the Nordic region’s largest managed services contract, a seven-year deal with Danish telecoms operator TDC TDC.CO that includes the transfer of 220 staff to the Swedish company.

To read more, please double click on [nSAT004925]

** Japanese telecoms and Internet group Softbank Corp (9984.T) said it has no plans to let go of its stake in subsidiary Yahoo Japan Corp (4689.T), in the face of Microsoft Corp’s (MSFT.O) $44.6 billion bid for Yahoo Inc YHOO.O. [nT218539]

** Telecom Egypt (ETEL.CA) (ETELq.L), Egypt’s state-run fixed-line operator, said it has agreed to sell its minority stakes in two Internet service providers to mobile phone operator Etisalat Egypt. [nL07424318]

** The proposed head of a new $2 billion a year recruitment firm to be created from the agreed merger of Corporate Services CSV.L and Carlisle Group CXG.L said it would look to sell some assets. [nWLB6945]

** Dubai Financial Group (DFG) agreed with Marfin Popular Bank MRBr.AT to purchase its stake in buyout firm Marfin Investment Group (MRFr.AT), DFG said. [nL07299859]

** Oil and gas explorer Edge Petroleum Corp EPEX.O, which is exploring strategic options, said it was in the process of selling a small group of non-core assets, and expects that sale to be effective late in the first quarter. [nWNAS9844]

** Iowa Telecommunications Services Inc IWA.N said it agreed to acquire privately held, Minnesota-based Bishop Communications Corp for $43.9 million to grow its rural telecommunications business. [nWNAS9970 ]

** The investment dealer unit of National Bank of Canada (NA.TO) said that it will buy Quebec brokerage firm Groupe Financier Everest for an undisclosed amount, marking its second small acquisition in as many days. [nN07381658]

** Fertiliser maker Tata Chemicals Ltd (TTCH.BO) said it plans to sell up to 14.51 percent in group firm Tata Investment Corp Ltd (TINV.BO) to founders Tata Sons. [nBOM262503]

** Tata Metaliks Ltd (TMET.BO) said a unit of Tata Steel Ltd (TISC.BO) has bought 604,383 shares in the former. [nBOM309376]

** Finnish insurer Sampo SAMAS.HE has raised its stake in Nordic bank Nordea NDA.ST to just above 10 percent, a disclosure notice said. [nSAT004922] (Compiled by Bijoy Koyitty and Swagata Gupta in Bangalore)

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