October 13, 2008 / 9:13 AM / 10 years ago

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

(Adds Chrysler, Waste Management and others)

Oct 13 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Monday. (For Reuters columns on deals, click on [DEALTALK\] )

** Chrysler LLC Chief Executive Bob Nardelli said on Monday the automaker is talking with “third parties” interested in exploring tie-ups as it seeks to leverage its assets amid a global credit crunch.

To read more, please double click on [ID:nN13454705]

** Waste Management Inc WMI.N, the No. 1 U.S. trash hauler, withdrew its proposal to acquire No. 3 Republic Services Inc (RSG.N), citing the current state of the financial markets.


** An affiliate of commercial real estate firm Compson Development offered to buy Agree Realty Corp (ADC.N) for about $328.7 million, more than two years after it had made a higher bid that was shot down by Agree Realty. [ID:nBNG216634]

** Loss-making chipmaker Qimonda QI.N has agreed to sell its stake in manufacturing joint venture Inotera to rival Micron MU.N for $400 million in cash as it steps up restructuring to combat a severe downturn. [ID:nTP146011]

** Chipmaker Vishay Intertechnology Inc (VSH.N) said it terminated its offer to buy International Rectifier Corp IRF.N for $23.00 a share, putting an end to the two-month-old merger battle. [ID:nBNG58644]

** UAE developer Hydra Properties said on Monday it has acquired a 47.43 percent stake in Abu Dhabi-listed International Fish Farming Co ASMK.AD (Asmak) and plans more acquisitions to grow its portfolio. [ID:nLD394732]

** Personal-care products maker Helen of Troy Ltd (HELE.O) said it bought haircare products label Ogilvie from bankrupt Ascendia Brands Inc (ASCBQ.PK). [ID:nBNG221812]

** Toy company Jakks Pacific Inc (JAKK.O) said it bought the children’s product businesses of Hong Kong-based Tollytots Ltd and Massachusetts-based Kids Only Inc and its Hong Kong affiliate Kids Only Ltd to strengthen its product portfolio. [ID:nBNG52891]

** Greece’s fourth-largest lender, Piraeus Bank (BOPr.AT), said it had agreed to buy a 26.6 percent stake in Proton Bank PRBr.AT in a share swap, with a view to acquiring all of its smaller rival. [ID:nLD195726]

** Three major South Korean corporate groups, including a consortium of steelmaker POSCO (005490.KS) and energy-construction group GS (078930.KS), have submitted final bids for the controlling stake in Daewoo Shipbuilding & Marine Engineering (042660.KS), the companies said. [ID:nSEO175913]

** British back-office outsourcing firm Capita Group Plc (CPI.L) said it bought network services company ABS Network Solutions Ltd (ABSNet) for 13.6 million pounds ($23.25 million). [ID:nBNG383999]

** Financier Audley Capital Advisors aims to take a “significant” stake in Austrian energy investor Meinl International Power MPOW.VI and has agreed to buy the company managing it, Meinl Power said on Monday. [ID:nLD533081]

** Australian insurance and banking group Suncorp-Metway Ltd (SUN.AX) is considering its options on a possible sale of its banking and wealth management unit, Suncorp said, amid a report that it had shelved sale plans. [nSYU005281]

** Australia’s CSL Ltd (CSL.AX), the world’s top plasma products group, said the U.S. Federal Trade Commission had asked it for more information on its proposed $3.1 billion takeover of smaller U.S. rival Talecris Biotherapeutics. [nSYU005277] (Compiled by Tina Kwan in Singapore and Mary Meyase and Kuganandhan Paramanandan in Bangalore)

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