February 25, 2008 / 10:45 AM / 11 years ago

UPDATE 3-Deals of the day -- mergers and acquisitions

(Adds Axcelis Technologies, Asyst Technologies, Saueressig and others)

Feb 25 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Monday. (For Reuters columns on deals, click on [DEALTALK/])

** A dissident investor group pushing for four new nominees to the New York Times Co’s (NYT.N) board will report on Monday it has raised its stake in the publisher, according to the Wall Street Journal, citing people familiar with the matter.

To read more, please double click on [nN25174910]

** U.S. video game giant Electronic Arts Inc ERTS.O said it had made an unsolicited $1.9 billion offer for “Grand Theft Auto” publisher Take-Two Interactive Software (TTWO.O), escalating its battle with Activision for the title of biggest video game maker. [nN2491939]

** Getty Images Inc GYI.N said it had agreed to a takeover bid of about $2 billion from affiliates of Hellman & Friedman, putting the struggling photo and video supplier in the hands of a private equity firm. [nN25221621]

** HDFC Bank (HDBK.BO), India’s third-biggest by market value, offered $2.4 billion in shares for smaller Centurion Bank of Punjab CENB.BO to bulk up ahead of the bank sector being opened to foreign competitors. [nBOM243313]

** Malaysian engineering and construction firm MTD Capital Bhd MTDC.KL signalled a buy-out bid for its two listed property and toll-road units. [nKLR215173]

** A unit of Singapore state investor Temasek may sell its 55.78 percent stake in Bank Internasional Indonesia Tbk (BII) (BNII.JK), the country’s sixth-biggest lender, sources told Reuters. [nSIN43586]

** Singapore’s Fullerton Financial Holdings, a unit of state investor Temasek, has decided not to pursue a plan to merge two of its Indonesian units, PT Bank Danamon Tbk (BDMN.JK) and Bank Internasional Indonesia, Danamon said. [nJKB000555]

** French utility Suez LYOE.PA and merger partner Gaz de France GDF.PA said they jointly acquired a 1,875 MW power plant in England from Goldman Sachs (GS.N) and Cargill for an undisclosed amount. [nL25136037]

** Australian asset manager Allco Finance Group Ltd (AFG.AX) said it plans to sell some assets as it tries to meet debt repayment deadlines, as uncertainty about its outlook sent its shares diving as much as 66 percent. [nSYD233334]

** Allegiance Mining Ltd (AGM.AX) said shareholders should accept a sweetened A$852.5 million ($789 million) offer from fellow Australian Zinifex Ltd ZFX.AX, indicating no better offer was likely to emerge. [nSYD218506]

** Scotland is worried that a fresh takeover of Scottish Power, owned by Spain’s Iberdrola (IBE.MC), could threaten its energy supplies and plans to raise the issue with regulators if a deal is struck. [nL25289408]

** Independent power producer Reliant Energy Inc RRI.N said it would sell its Channelview Cogeneration plant and related contracts to Kelson Energy for $468 million. [nWNAS2213]

** New Zealand’s Auckland International Airport Ltd (AIA.NZ) said investors should sell into a NZ$1.4 billion ($1.1 billion) partial takeover offer from a Canadian state fund after a sharp fall in the company’s share price. [nWEL206427]

** British men’s clothing retailer Moss Bros Group Plc (MOSB.L) said it had received an indicative offer at 42 pence per share from Icelandic investment group Baugur and certain investment partners. [nL25434060]

** Asyst Technologies Inc ASYT.O received a buyout proposal from its former chief executive and private equity firm Gores Group LLC for a maximum of $298.2 million, sending the chip equipment maker’s shares up more than 12 percent. [nBNG99878]

** Axcelis Technologies Inc (ACLS.O) rejected a $532 million takeover offer from Japan’s Sumitomo Heavy Industries Ltd (6302.T), saying the unsolicited bid undervalued the company. [nN25229311]

** Waste-disposal firm Biffa (BIFF.L) said that rival bidders had dropped their interest in the company, hitting its shares and clearing the way for recommended offer from a private equity consortium. [nL25159065]

** Consumer products company Newell Rubbermaid Inc NWL.N said that it would acquire nearly all the assets of Aprica Childcare Institute Aprica Kassai Inc, a Japanese maker of strollers, car seats and other children’s products, for an undisclosed amount. [nN25550477]

** Matthews International Corp (MATW.O) said it agreed to acquire a 78 percent stake in Saueressig GmbH & Co KG, provider of pre-press services and gravure printing forms, for 76 million euros, or $110 million. [nWNAS2239]

** First Charter Corp FCTR.O said a shareholder of Fifth Third Bancorp (FITB.O) filed a lawsuit to stop First Charter’s acquisition by the company. [nBNG177368]

** Biopharmaceutical company Cypress Bioscience Inc CYPB.O said it will acquire specialty pharmaceutical company Proprius Pharmaceuticals Inc to take advantage of the sales force that it intends to build for the launch of its antidepressant Milnacipran. [nBNG255637]

** India’s oldest bourse, the Bombay Stock Exchange Ltd (BSE), has agreed to buy a 26 percent holding in a commodity exchange as it looks to diversify and get a slice of the commodities boom in India. [nBOM258120]

** Opto Circuits India Ltd (OPTO.BO) said it has agreed to buy US-based medical equipment firm Criticare Systems Inc (CMD.A) for about $70 million. [nBMB001054] (Compiled by Tina Kwan in Singapore, Avishek Mishra and Manish Gupta in Bangalore)

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