January 3, 2008 / 10:20 AM / 11 years ago

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

(Recasts, adds Ford Motor Co, Morgan Stanley, Kopran)

Jan 3 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Thursday.

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

** U.S. cable channel The Weather Channel is to be put up for sale and could fetch more than $5 billion, The New York Times said in an online report, quoting people briefed on the auction.

To read more, please double click on [ID:nN03378656]

** Ford Motor Co (F.N) said India’s Tata Motors Ltd (TAMO.BO) was the front-runner to buy its European brands Jaguar and Land Rover, which the U.S. carmaker is selling to counter mounting debt. [nL03141022]

** Norwegian liquid gas tanker group Golar LNG GOL.OL has agreed to sell its Golar Frost vessel for about $231 million to a part-owned project that is building a gas terminal at Livorno on the Italian coast. [nL03423207]

** Alembic Ltd (ALMC.BO) said it has acquired the bulk drug manufacturing unit of Nirayu Pvt Ltd for 175 million rupees. [nBOM35261]

** Neste Jacobs, a joint venture company owned by Finland’s Neste Oil NES1V.HE and U.S.-based Jacobs Engineering Group (JEC.N), said it would buy engineering company Rintekno. [nL03494871]

** The AMF French financial markets regulator said that Morgan Stanley (MS.N) did not intend to acquire control over car parts group Valeo (VLOF.PA) and that it was not seeking board representation. [nPAC009066]

** Kopran Ltd (KPRN.BO) said its board has decided to sell its brand, SMYLE, to Maneesh Pharmaceuticals Ltd for 528.8 million rupees. [nBOM61112]

** Shares in China Eastern Airlines (0670.HK) and Air China (0753.HK) nosedived as uncertainty clouded China Eastern’s effort to win shareholders’ approval for the sale of a 24 percent stake to Singapore Airlines (SIAL.SI) and Temasek Holdings [TEM.UL]. [nHKG221197]

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