March 5, 2009 / 10:22 AM / 10 years ago

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

(Adds UTS Energy Corp, Dresdner Bank, Troika Dialog and others)

March 5 (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/])

** WellPoint Inc WLP.N, the largest U.S. health insurer by membership, has put its pharmacy benefits management (PBM) business up for auction, the Financial Times reported.

To read more, please double-click [ID:nN05297410]

** Investors in Roche Holding AG ROG.VX are growing more confident it will succeed in buying out Genentech Inc DNA.N after the Swiss drugmaker raised more funds than it needs to finance its current offer. [ID:nL5545689]

** Human resources firm Gevity HR Inc GVHR.O agreed to be acquired by privately held TriNet Group Inc for about $98 million in cash. [ID:nBNG458944]

** Barnes & Noble Inc (BKS.N), the world’s largest bookseller, said it acquired e-book seller Fictionwise for $15.7 million in cash to expand its presence in digital world. [ID:nBNG461301]

** Taiwan will set up a new company to pull together its struggling computer memory chip makers and bring in technology from Japan’s Elpida 6665.T or U.S.-based Micron MU.N to overhaul a sector suffering from its worst ever slump. [ID:nSEO107706]

** British convenience-food maker Uniq Plc UNUNI.L said it had agreed to sell its loss-making UK chilled fish business for an initial 1 million pounds to The Seafood Co Ltd to focus on profit-making businesses. [ID:nBNG478388]

** Manila Electric Co (Meralco) may see a battle for control after an investor group led by the chairman of PLDT (TEL.PS) bought about 6 percent of Philippines’ biggest power retailer, media reports said. [ID:nMAN406710]

** The Norwegian government said it had finished purchases of StatoilHydro STL.OL shares after raising its stake to a planned 67 percent. [ID:nOSN001995]

** The parent of Dalian Port Co Ltd (2880.HK) will buy Jinzhou Port (600190.SS) this year, the mayor of the northern city of Dalian said. [ID:nPEK115762]

** Wall Street bank Goldman Sachs (GS.N) said it has no plan to sell its 5 percent stake in the National Stock Exchange of India, refuting a local media report. [ID:nHKG113889]

** Germany’s Dresdner Bank, which was recently acquired by Commerzbank (CBKG.DE), said on Thursday it would sell its Brazil subsidiary for an undisclosed sum to a group of domestic investors as it scales back globally. [ID:nN05353073]

** Russia’s No. 2 investment bank, Troika Dialog, said on Thursday it would sell 33 percent of its shares to South Africa’s Standard Bank (SBKJ.J) via an asset swap that will allow it to receive a $200 million cash injection. [ID:nL555435]

** UTS Energy Corp UTS.TO has had no talks with Total SA (TOTF.PA) about the French oil major’s C$617 million ($478 million) takeover bid, UTS’s chief executive said on Thursday as he tried to bolster his case for rejecting the offer. [ID:nN05471516] (Compiled by Tina Kwan in Singapore; R. Manikandan and Archana Shankar in Bangalore) ((; Reuters Messaging: +65 6870 3924))

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