March 28, 2008 / 1:54 PM / 11 years ago

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

(Recasts, adds EFG Eurobank, Abertis, ICI India, Clear Channel, Teekay Tankers, Illinois, Boeing)

March 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Friday.

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

** Radio broadcaster Clear Channel Communications Inc (CCU.N) said its pending acquisition by several private equity firms may not close, even though the firms are ready to consummate the deal. [nN28277185]

** An investment fund managed by Australia’s Macquarie Group (MQG.AX) and private equity house MBK Partners have completed a $2 billion joint acquisition of South Korea’s No. 2 cable TV operator C&M Co Ltd, both companies said. To read more, please double click on [nSEO297243]

** Paints and chemicals maker ICI India Ltd ICI.BO plans to sell its adhesives business for about 2.6 billion rupees to an Indian unit of Germany’s Henkel Group in line with the global sale of this business. [nBOM94912]

** Activist British hedge fund Laxey Partners will not proceed with its offer for Swiss construction company Implenia (IMPN.S). [nL28598449]

** Mining group BHP Billiton (BHP.AX) BLT.L will phase out annual business with Standard Bank (SBKJ.J) in the first corporate spat brought on by South Africa’s power crisis. [nL28614275]

** Dutch staffing company Randstad NV (RAND.AS) said it plans to sell its unit in Portugal to get European Commission approval for its takeover of rival Vedior VDOR.AS. [nL2881647]

** Teekay Tankers Ltd (TNK.N), a Bahamian operator of oil tankers, said it agreed to buy two double-hull Suezmax-class oil tankers from Teekay Corp for $186.9 million. [nWNAS6189]

** An investment group backed by private equity firm 3i Plc (III.L) agreed to buy Civica Plc CIV.L, giving the public sector software company funds to acquire other firms in a consolidating market. [nL28126646]

** Greece’s second-largest lender EFG Eurobank EFGr.AT raised its stake in smaller state controlled rival Hellenic Post Bank (TT) GPSr.AT to 5.7 percent as part of its investment plans. [nL28863212]

** Spanish toll road firm Abertis ABE.MC said it had bought 1.5 percent of its own shares at 21 euros per share from savings bank Caixa Catalunya. [nMDT005030]

** Diversified manufacturer Illinois Tool Works Inc (ITW.N) said it bought VS Acquisition Holding Inc, a provider of equipment and services related to the soldering of printed circuit boards and semiconductor device packaging. No terms were disclosed. [nWNAS6175]

** Boeing Co (BA.N) said it has agreed to buy Vought Aircraft Industries’ interest in Global Aeronautica LLC, a South Carolina fuselage subassembly facility for Boeing’s 787 Dreamliner, for an undisclosed price. [nWNAS6188] (Compiled by Tina Kwan in Singapore, Neetha Mahadevan in Bangalore)

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