January 4, 2008 / 11:01 AM / 11 years ago

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

(Adds Infinity Energy, Hasbro and others)

Jan 4 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Friday.

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

** A group led by U.S. investment firm Aetos Capital LLC has outbid Morgan Stanley (MS.N) and others by offering 300 billion yen ($2.7 billion) for a roughly 30 percent stake in Japanese property developer Daito Trust Construction Co (1878.T), a financial source said.

To read more, please double click on [ID:nT228547]

** Australian coal miner Resource Pacific Ltd RSP.AX advised shareholders to reject a A$960 million ($842 million) bid from Swiss-based mining group Xstrata XTA.L, saying the offer was “neither fair nor reasonable”. [nSYD94792]

** QBE Insurance Group Ltd (QBE.AX), Australia’s top insurer by premium income, said it has agreed to buy Nasdaq-listed property and casualty insurer North Pointe Holdings Corp NPTE.O for $146 million. [nSYD81076]

** Hasbro Inc HAS.N said it agreed to acquire board game maker Cranium Inc for $77.5 million, adding to a games portfolio that already includes Monopoly, Scrabble and Trivial Pursuit. [nWNAS5648]

** Software services firm Cranes Software International Ltd (CRAS.BO) said its board has approved buying out U.S.-based Engineering Technology Associates Inc for 720 million rupees. [nBOM40178]

** Singapore’s Oversea-Chinese Banking Corp (OCBC.SI) said that a unit has made a cash offer to buy the remaining 71.85 percent stake in Malaysia’s PacificMas Bhd (Pacmas) PBBM.KL for $161 million. [nSIN160358]

** Infinity Energy Resources Inc IFNY.O said its Infinity Oil & Gas of Wyoming Inc unit has agreed to sell certain assets to Forest Oil Corp FST.N for $17.4 million in cash. [nWNAS5640]

** China’s WuXi PharmaTech WX.N said it agreed to acquire U.S.-based AppTec Laboratory Services Inc for about $151 million with the assumption of $11.7 million of AppTec debt. [nWNAS5611]

** A Hong Kong-based unit of China’s State Administration of Foreign Exchange (SAFE) has bought small stakes in at least two Australian banks, sources with direct knowledge of the matter told Reuters. [nSYD67366]

** Dollex Industries Ltd DOLL.BO said it plans to buy a majority stake in Baliraja Sakhar Karkhana Ltd. [nBMB000309]

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