April 8, 2008 / 1:41 PM / 10 years ago

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

(Adds Nuance, Mechel and others)

April 8 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Tuesday.

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

** Nuance Communications Inc (NUAN.O) said it would acquire eScription for about $363 million, which comprises $340 million in cash and $23 million in Nuance common stock. [nWNAS7092]

** Russian coal miner and steel maker Mechel (MTL.N) has acquired 100 percent of Romanian steel bar and wire rod producer Ductil Steel for 142 million euros ($221 million). [nL08716758]

** U.S. pharmacy benefit manager Medco Health Solutions MHS.N said it will pay about $120 million to acquire a majority interest in Europa Apotheek Venlo, a privately held company providing clinical health care and mail-order pharmacy services in Germany. [nN08331908]

** Icelandic investment company Baugur said it was selling its media, technology and financial investments for 430 million pounds ($855 million) and would use the proceeds to build up its retail businesses. Stodir Invest will buy the media and telecoms assets, while Strykur Invest will buy a stake in investment firm FL Group FL.IC. [nL08532176]

** Ideal Shopping Direct Plc IDLS.L confirmed that it is no longer engaged in any discussions regarding a potential offer for the company. It said the interested party did not make a proposal at a level that the board of IDS believes would be acceptable to its shareholders. [nWLB9513]

** Opto Circuits (India) Ltd (OPTO.BO) said it acquired majority stake in US-based Criticare Systems Inc (CMD.A). In February, the firm had agreed to buy the US firm for about $70 million. [nBMB001339]

** Italian drinks company Gruppo Campari, owner of Skyy Vodka, would consider buying any brands from Absolut vodka maker Vin & Sprit that the Swedish company’s new owner, Pernod Ricard SA (PERP.PA), might put up for sale, its chief executive officer said. To read more, please double click on [nN07280961]

** Plains All American Pipeline LP (PAA.N) said it has agreed to buy the Rainbow Pipe Line Co, a key oil line in northern Alberta for C$540 million ($534 million), adding to its Canadian assets. [nN07291647]

** Gerald Catenacci disclosed a 5.73 percent passive stake in specialty book seller Borders Group Inc BGP.N, which is considering selling itself. [nN07288343] (Compiled by Tina Kwan in Singapore and Esha Dey in Bangalore)

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