September 4, 2008 / 9:09 AM / 11 years ago

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

(Updates Merrill Lynch, Thermage, adds Teranet, Informa and Alitalia)

Sept 4 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Thursday.

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

** Borealis Infrastructure Management Inc, an investment unit of one of Canada’s largest pension plans, said it plans to offer more than C$2 billion ($1.9 billion) in cash for e-commerce provider Teranet Income Fund TF_u.TO.

To read more, please double click on [ID:nN04292596]

** UK publishing company Informa Plc (INF.L) said it had rejected a reduced takeover offer from a consortium as it significantly undervalued the group. [ID:nL461316]

** An Italian investor group leading a rescue of Alitalia AZPIa.MI does not plan to buy the bankrupt carrier’s cargo and heavy maintenance units, one of the businessmen leading the group told unions. [ID:nL4126519]

** Novolipetsk Steel (NLMKq.L), the Russian steel maker owned by billionaire Vladimir Lisin, has agreed to pay $400 million in cash to acquire U.S. hot-rolled steel maker Beta Steel and expand its presence in North America. [ID:nL457109]

** Merrill Lynch & Co’s MER.N talks to sell bad loans to Korea Asset Management Corp (KAMCO) faced a deadlock due to a disagreement over price, the South Korean state agency said. [ID:nSEO182372]

** Private equity firm Advent International has taken a majority stake in Swiss duty-free retailer Dufry AG (DUFN.S) by means of a share swap that combines it with the U.S. firm’s airport retailer Hudson. [ID:nL415213]

** InBev NV INTB.BR to hold an extraordinary shareholders meeting on Sept. 29 to vote on its planned $52 billion takeover of Anheuser Busch (BUD.N) and related matters. [ID:nWEA8248]

** Thermage Inc (THRM.O) rejected an unsolicited offer worth about $132.3 million to buy the cosmetic medical device maker and said its impending takeover of skin-treatment provider Reliant Technologies provided greater value for shareholders than the bid by an unnamed buyer. [ID:nBNG230421] (Compiled by Aftab Ahmed and Amiteshwar Singh in Bangalore)

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