March 12, 2008 / 9:16 AM / 11 years ago

UPDATE 3-Deals of the day -- mergers and acquisitions

(Adds Eurasian Natural Resources, Microsoft, Fiat and others)

March 12 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Wednesday. (For Reuters columns on deals, click on [DEALTALK/])

** Singapore’s state investor Temasek has shortlisted Malaysia’s top lender Malayan Banking Bhd (MBBM.KL), HSBC (HSBA.L) and Bank of China (3988.HK) as bidders for its stake in Bank Internasional Indonesia (BII), valued at over $800 million, a source briefed on the deal told Reuters.

To read more, please double click on [nSIN203511]

** Google Inc (GOOG.O) won approval from the European Commission of its planned acquisition of DoubleClick Inc and promptly closed the deal, sending its stock 6 percent higher. [nN11627343]

** A deal by Spanish real estate firm Colonial (COL.MC) to sell its rental business to Investment Corporation of Dubai (ICD) sent its shares sharply higher but a list of conditions remains before the sale can be done. [nL1282847]

** Kazakh mining group Eurasian Natural Resources ENRC.L said it is considering buying rival Kazakhmys (KAZ.L), sending Kazakhmys shares surging and boosting the firm’s market value to a peak of $17.3 billion. [nL12721507]

** Blood-testing products maker Immucor Inc BLUD.O said it agreed to buy privately held BioArray Solutions Ltd for $117 million in cash, a deal that would hurt earnings for several years after closing, and its shares fell sharply. [nBNG275627]

** Italy’s Pirelli & C will buy back a 38.9 percent stake in its tyre business from a group of banks in a deal worth 835.5 million euros ($1.29 billion), it said, giving it once again full control of the core unit. [nL11505964]

** Dutch electronics giant Philips (PHG.AS) continued to offload stock in its South Korean flat screen joint venture, selling about $1 billion worth of shares in LG Display (034220.KS) (LPL.N) at a discount of 4.8 to 8.1 percent, a term sheet said. [nHKG277165]

** Malaysia’s second-largest lender CIMB will buy a minority stake in Yingkou Commercial Bank, a small lender in northern China, as it moves to expand outside its home market, two sources close to the situation said. [nSHA12219]

** IBM (IBM.N) said it acquired Encentuate, a provider of identity and access management software. Financial terms were not disclosed. [nWNAS4471]

** Microsoft Corp (MSFT.O) said it agreed to acquire virtualization technology firm Kidaro for an undisclosed sum. [nN11594767]

** Fiat FIA.MI has bought Chrysler’s Tritec Motors plant at Campo Largo, Brazil, for 83 million euros ($127.5 million) and will develop a new range of engines there, the Italian auto maker said. [nL12797097]

** Egypt’s Arafa Holding (AIVC.CA) said it had agreed to buy 100 percent of British menswear retailer Speciality Retail Group (SRG), which has 71 stores in Britain, annual turnover of 63 million sterling ($126 million) and an expected 3 percent return on sales. [nL12623655]

** French oil and gas giant Total (TOTF.PA) said it had acquired a 40 percent stake of Nigeria’s Conoil offshore gas OPL 257 licence. [nL12406734]

** Alcoa Inc (AA.N) acquires two aerospace fastener businesses to bolster its growing aerospace portfolio.[nWNAS4578]

** Kimberly-Clark Corp (KMB.N) to acquire remaining interest in its South African affiliate. [nWNAS4582]

** Activist investor Richard Breeden disclosed a 7.87 percent stake in the sterilization systems maker Steris Corp (STE.N). [nWNAS4460] (Compiled by Tina Kwan in Singapore; Manish Gupta and Ratul Ray Chaudhuri in Bangalore)

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