January 31, 2008 / 10:14 AM / 11 years ago

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

(Adds Applied Materials and Marathon Oil)

Jan 31 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Thursday.

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

** Altria Group Inc (MO.N) said it commenced tender offers to buy notes and debentures worth $2.6 billion, in connection with a planned spin-off of its unit Philip Morris International Inc.

To read more, please double click on [nWNAS8711]

** India’s Tata Chemicals Ltd (TTCH.BO) said it has agreed to buy U.S.-based soda-ash producer General Chemical Industrial Products Inc (GNMP.PK). The Indian chemicals maker said it will pay $1.005 billion for the acquisition. [nBMB310930]

** Oil explorer Tullow Oil Plc (TLW.L) said it was selling its 11 percent stake in the onshore M’Boundi field in Congo for $435 million to Korea National Oil Corp (KNOC). [nL31310346]

** Applied Materials Inc (AMAT.O) said it acquired Italian solar equipment maker Baccini SpA for $334 million, as the No. 1 chip equipment maker seeks to build its solar business. [nN31358876]

** Amazon.com (AMZN.O) said it had reached an agreement to buy Audible.com ADBL.O for $11.50 a share. Amazon values the transaction at about $300 million, including Audible.com’s cash and short-term investments. [nN31291581]

** The Philippine government has sold its 10 percent stake in Manila Electric Corp. (MER.PS) to state-run pension fund GSIS for 8.9 billion pesos ($219 million), giving its coffers a boost at the start of the year. [nMNT000621]

** Oil producer and refiner Marathon Oil Corp (MRO.N) said it started a review of its portfolio of assets and plans to sell mature or nonstrategic assets. [nN31344318]

** Investment Corporation of Dubai could make a full takeover bid for property firm Colonial (COL.MC), the Spanish company said, possibly sparking a bid battle for the indebted firm. [nL31501453]

** Publicis (PUBP.PA) said it had bought U.S. sustainability consultancy Act Now Productions for an undisclosed amount. [nL31332474]

** Deutsche Bank (DBKGn.DE) has raised its stake in China’s Harvest Fund Management to 30 percent from 19.5 percent for an undisclosed price, the German bank said. [nL31857388]

** Poland’s second-largest phone group, Netia NTIA.WA, has signed a letter of intent to sell its 23-percent stake in mobile operator P4 for 130 million euros ($193.3 million), the company said. [nWAR006526]

** Insurer Friends Provident FP.L plans to sell fund manager F&C FCAM.L, high-end unit Lombard and intermediary Pantheon in a radical overhaul that will streamline the business, it said. [nWLB6552]

** British insurer Aviva Plc (AV.L) and Woori Finance Holdings 053000.KS have agreed as a consortium to buy a South Korean insurance company for $145 million. [nSEO166071]

** Lenovo Group (0992.HK) said it would sell the entire Lenovo Mobile for US$100 million as it exits the cellular phone manufacturing business. [nHKF078874]

** Chinese steel firm Shougang Concord International Enterprises Co Ltd (0697.HK) has bought 19.73 percent of Australia’s Mount Gibson Iron Ltd (MGX.AX) from Russia’s Metalloinvest, Mount Gibson said. [nHKG70956]

** Maus Freres, owner of the Lacoste brand, completed the acquisition of Gant Company GANT.ST when Gant Chairman Lennart Bjork and other Gant shareholders sold their stake for 320 Swedish crowns per share. [nL31392777]

** Basic Energy Services Inc (BAS.N) said it acquired Xterra Fishing and Rental Tools Co and substantially all of the operating assets of Lackey Construction LLC for a total consideration of $23.3 million in cash. [nWNAS8594]

** Wilmington Trust Corp WL.N said it will acquire AST Capital Trust Company. The terms of the transaction were not disclosed. [nWNAS8718]

** Cooling systems maker Blue Star Ltd (BLUS.BO) said it agreed to sell a 29 percent stake in Rolastar Pvt Ltd to UK-based engineering firm Tomkins Plc TOMK.L for 367.5 million rupees. [nBMB000877]

** The head of Air One backer Intesa Sanpaolo (ISP.MI) told a newspaper the sale of airline Alitalia AZPIa.MI was up in the air. [nL3156888]

** A German court declared HVB’s HVMG.DE sale of its Bank Austria BACA.VI unit to UniCredit (CRDI.MI) void. [nL31862944] (Compiled by Tina Kwan in Singapore, Bijoy Koyitty and Swagata Gupta in Bangalore)

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