March 4, 2008 / 10:36 AM / 11 years ago

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

(Adds Klaipedos Energija, SBJ Group, Pluck Corp, and Domino’s Pizza)

March 4 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Tuesday. (For Reuters columns on deals, click on [DEALTALK/])

** Norwegian oil group StatoilHydro STL.OL agreed to buy stakes in projects in Brazil and the Gulf of Mexico from U.S. group Anadarko (APC.N) for up to $2.1 billion, expanding its international portfolio.

To read more, please double click on [nL0446577]

** Investment Corporation of Dubai (ICD) is still in talks with Colonial (COL.MC) despite ICD earlier saying its bid for the indebted Spanish property firm had expired, sources close to the negotiations said. [nL04885951]

** Australian dairy and juice producer National Foods, owned by top Japanese brewer Kirin Holdings (2503.T), is interested in making a bid for milk and cheese producer Dairy Farmers, a source said. [nSYD237149]

** Cardinal Health Inc (CAH.N) has agreed to acquire the assets of privately held Enturia Inc for $490 million to expand its line of products to prevent hospital-acquired infections, Cardinal said. [nN04453368]

** Global Radio is to increase its offer for GCap Media GCAP.L, Britain’s biggest commercial radio group, to 225 pence per share in cash and has urged the group to drop a March 5 “put up or shut up” firm bid deadline. [nL0456764]

** France’s Societe Generale (SOGN.PA), which holds a controlling stake in Russia’s bank Rosbank (ROSB.MM), has offered to buy the stakes of minority shareholders at 194.09 roubles per share, Rosbank said. [nL04879826]

** South Korea’s Hana Bank bought $50 million worth of shares in Merrill Lynch MER.N from Singapore fund Temasek in February, Hana’s parent group said. [nSEO139424]

** Property to alternative energy investment firm HKC (Holdings) Ltd (0190.HK) said it will pay HK$397.5 million (US$51 million) for a controlling stake in JIC Technology Co Ltd (0987.HK), making JIC the main vehicle for the company’s alternative energy business. [nHKG13109]

** Australia’s Sigma Pharmaceuticals Ltd SIP.AX and private equity firm Archer Capital said they are in talks with Primary Health Care Ltd PRY.AX about Symbion Health Ltd SYB.AX assets that Primary may sell. [nSYD248414]

** China Minsheng Banking Corp (600016.SS) will sell a 3.26 percent stake in Haitong Securities (600837.SS), China’s third-largest listed brokerage, via an auction, the bank said. [nSHA219659]

** Finnish utility Fortum FUM1V.HE said it had bought an additional 14.7 percent stake in Lithuania’s Klaipedos Energija from Germany’s Stadtwerke Leipzig, without disclosing the value of the deal. [nL04920469]

** French insurer AXA (AXAF.PA) said it had made a takeover offer for British insurance company SBJ Group Ltd, as AXA continues its strategy of making small-to-medium sized acquisitions in Britain. [nL04324871]

** Demand Media, run by former MySpace Chairman Richard Rosenblatt, said it has purchased Web media syndication company Pluck Corp, as part of an expansion of its Internet social media business. A source familiar with the matter said the Pluck deal was valued at between $50 million to $60 million. [nWEN4316]

** Domino’s Pizza Inc (DPZ.N) said it agreed to sell about 60 company-owned stores in California and Georgia to franchisees and employees. [nWNAS3500]

** Univision Communications Inc disclosed that it received $153 million for the sale of its music recording and publishing business to Universal Music Group — a deal announced last week at an undisclosed sum. [nWEN4293]

** JM Smucker Co (SJM.N) said it agreed to acquire privately owned Europe’s Best Inc, based in Montreal, Quebec. [nWNAS3450]

** Biotechnology company StemCells Inc STEM.O said it terminated discussions to acquire privately held Progenitor Cell Therapy as the companies were unable to reach an agreement on terms and conditions. [nWNAS3425]

** Everest Kanto Cylinders Ltd (EKCL.BO) said it has agreed to buy assets and liabilities of CP Industries, the pressure vessels division of U.S.-based Reunion Industries, for $64.25 million in cash. [nBMB001096]

** China National Foreign Trade Transportation (Group) Corp, the nation’s logistics giant, is pushing ahead with plans to sell more assets to its listed unit, Sinotrans Ltd (0598.HK), a senior executive said. [nHKG316914]

** Eastman Kodak Co EK.N said it intends to acquire workflow solutions provider Design2Launch. [nWNAS3456]

** Brocade Communications Systems Inc BRCD.O said will acquire Strategic Business Systems. [nWNAS3453]

** Solar energy group Conergy CGYG.DE sold its solar thermal production plant in Austria, as it strips off non-core activities in a broader restructuring after running into financing problems last year. [nL04283906] (Compiled by Tina Kwan in Singapore, Ratul Ray Chaudhuri and Manish Gupta in Bangalore)

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