March 9, 2009 / 9:29 AM / 10 years ago

UPDATE 2-Deals of the day -- mergers and acquisitions

(Adds Merck, JJB Sports and others, Updates Satyam)

Mar 9 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Monday.

(For Reuters columns on deals. click on [DEALTALK/])

** Merck & Co Inc (MRK.N) said that it would acquire Schering-Plough Corp SGP.N for $41.1 billion, uniting the makers of cholesterol drugs Zetia and Vytorin in the second megadeal for Big Pharma in weeks.

To read more, double-click [ID:nN09437800]

** Roche Holding AG ROG.VX looks likely to seal a deal to buy out U.S. biotech group Genentech Inc DNA.N, analysts said on Monday, after the Swiss drugmaker upped its offer to $45.7 billion. [ID:nL9290475]

** MannKind Corp (MNKD.O) said it has agreed to buy Pfizer Inc’s (PFE.N) insulin manufacturing facility at Frankfurt, Germany and related assets for $33 million, giving the company access to an immediate supply of insulin, even if is unable to acquire the facility itself. [ID:nBNG426090]

** U.S. fertilizer maker CF Industries (CF.N) said on Monday its board has reaffirmed its intention to buy Terra Industries, while also rejecting an unsolicited bid from rival Agrium as grossly inadequate. [ID:nN09438800]

** PLDT (TEL.PS), the Philippines’ biggest listed firm, said on Monday it does not intend to shake up Manila Electric Co (Meralco) (MER.PS) after its allied firms took a stake in the power retailer. [ID:nMAN481442]

** Iceland’s financial watchdog said it had taken over investment bank Straumur Burdaras STRB.IC, the last major Icelandic bank left standing after the country’s financial collapse in October. [ID:nL9225834]

** Four global spirits makers, including Diageo (DGE.L), have shown interest in acquiring stake in India’s United Spirits, the world’s third-largest spirits maker, the Times of India said on Monday, quoting agencies. [ID:nBOM4565]

** Swiss logistics group Kuehne & Nagel KNIN.VX has agreed to buy J. Martens Holding AS, a Norwegian service provider to the oil and gas industry, it said. [ID:nL9380928]

** Satyam Computer Services Ltd SATY.BO kicked off a bidding process on Monday to sell a majority stake in itself and two potential suitors quickly confirmed they would join the race for the fraud-hit outsourcer. [ID:nBOM474853] (Compiled by Tina Kwan in Singapore and Archana Shankar in Bangalore)

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