September 2, 2008 / 9:23 AM / 11 years ago

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

(Updates Teradyne, adds Chesapeake Energy, InBev and others)

Sept 2 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Tuesday.

** The world’s third-biggest platinum producer Lonmin (LMI.L) rejected again Xstrata’s XTA.L $10 billion takeover bid as too low, but said it wanted talks with its hostile suitor on potential synergies. To read more, please double click on [ID:nL2632470]

** U.S. natural gas producer Chesapeake Energy Corp (CHK.N) said it agreed to sell a 25 percent interest in its Fayetteville Shale assets in Arkansas for $1.9 billion to a unit of BP Plc (BP.L), its second big acreage deal with the oil major. [ID:nN02375526]

** Belgian brewer InBev NV INTB.BR is planning to put its South Korean beer business up for sale, sources said, in an effort to shed a noncore asset and raise what could be roughly $2 billion for its purchase of U.S. brewer Anheuser-Busch Cos Inc (BUD.N). [ID:nN02421562]

** Liberty Shipping Group LLC, a drybulk operator based in Lake Success, New York, offered to acquire International Shipholding Corp ISH.N for about $308 million. [ID:nBNG318128]

** A private equity firm run by a former top U.S. banking regulator has agreed to invest $100 million in PacWest Bancorp (PACW.O), giving it a 12 percent stake in the Southern California lender. [ID:nN02390505]

** State-owned Korea Development Bank (KDB) confirmed that it was in talks with Lehman Brothers LEH.N for a possible investment in the troubled U.S. bank, but other reports said the price of the deal remained an issue. [ID:nSEO69191]

** Nokia said Samsung Electronics (005930.KS) had accepted Nokia’s NOK1V.HE offer to buy out its stake in software firm Symbian, and Nokia now has acceptances from all Symbian shareholders to sell their shares. [ID:nHEL006695]

** Shareholders in Norwegian seismic surveyor TGS-Nopec (TGS.OL) have voted to support management’s plans to scupper a merger with rival Wavefield WAVE.OL and seek compensation for the failure, TGS said. [ID:nL2196377]

** Teradyne Inc TER.N, which makes equipment used to test products, said it agreed to acquire Eagle Test Systems Inc EGLT.O for about $250 million to expand its semiconductor testing business. [ID:nN02395820]

** Aluminum Corp of China (Chinalco) will not buy into BHP Billiton (BHP.AX) BLT.L but could vote in favour of its all-share offer for rival Rio Tinto (RIO.AX)(RIO.L), President Xiao Yaqing told reporters. [ID:nHKG108425]

** French utility group GDF Suez GSZ.PA said it would buy U.S. electricity provider FirstLight Power Enterprises. GDF gave no financial details in a statement, but according to industry sources quoted by Le Figaro newspaper the deal would be worth 1.3 billion euros ($1.91 billion). [ID:nL2243022]

** Italian bank UniCredit SpA (CRDI.MI) agreed on Tuesday to buy a further stake in its Polish unit Pekao BAPE.WA from the state Treasury, Warsaw’s ministry and Unicredit said. [ID:nL2167464] (Compiled by Tina Kwan in Singapore, Aftab Ahmed and Amiteshwar Singh in Bangalore)

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