September 19, 2008 / 9:09 AM / in 11 years

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

(Adds ArcelorMittal and Stada)

Sept 19 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday.

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

** ArcelorMittal SA ISPA.AS, the world’s number one steel maker, is looking to take control of ArcelorMittal SA Ltd (ACLJ.J) in a $5 billion deal, the Financial Times’ Alphaville website said.

To read more, please double click on [ID:nLJ657748]

** Generic drug giant Teva Pharmaceutical Industries Ltd TEVA.O is unlikely to buy Germany’s Stada STAGn.DE as it eyes potential targets in other countries such as Japan, the Israeli company’s top North American executive said. [ID:nN19484618]

** HSBC (HSBA.L), the world’s second-largest bank by market value, said it dropped a $6.3 billion offer for 51 percent of Korea Exchange Bank 004940.KS, blaming the financial market turmoil that has slashed the value of banks and other assets. [ID:nSEO100338]

** The chief executive of global miner BHP Billiton Ltd (BHP.AX) BLT.L does not see the company’s hostile, $122 billion bid for rival Rio Tinto Ltd (RIO.AX) (RIO.L) being affected by global market turmoil. [ID:nSYD349813]

** General Motors Corp (GM.N) is in talks to sell its midsize-truck operations to Isuzu Motors (7202.T), a newspaper reported, but Japan’s No. 2 truck maker said it had received no such offer. [ID:nT115813]

** Crosby Capital, a Hong Kong-based merchant bank, plans to launch a takeover offer for Australia’s Medusa Mining Ltd (MML.AX), valuing Medusa at A$182 million ($147 million), Crosby said in statement. [ID:nSYU005147]

** A private equity consortium dropped its 1.9 billion-pound ($3.5 billion) bid for British media company Informa (INF.L) after Informa rejected a reduced offer. [ID:nLJ535212]

** Medical device firm Opto Circuits (India) Ltd (OPTO.BO) said it signed a non-binding letter of intent to buy an unnamed privately-held European medical device maker in a deal worth more than $100 million. [ID:nBOM75748]

** Italy’s leading investment bank Mediobanca (MDBI.MI) could be interested in some private banking assets of U.S. insurer American International Group (AIG.N) if they were for sale, Chief Executive Alberto Nagel said. [ID:nLJ438110]

** PricewaterhouseCoopers, the administrators for Lehman Brothers International (Europe), aims to sell the bank’s asset management and corporate finance units within days, PwC said. [ID:nLJ426140]

** Chevron Corp (CVX.N) plans to sell its fuels marketing business in Nigeria to Panamanian company Corlay Global S.A., the oil company said. [ID:nN19384660] (Compiled by Tina Kwan in Singapore, Aftab Ahmed and Amiteshwar Singh in Bangalore)

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