September 16, 2008 / 1:31 PM / 11 years ago

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

(Recasts, updates Lehman, adds International Rectifier and Ciba)

Sept 16 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Tuesday.

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

** British bank Barclays (BARC.L) has agreed to buy Lehman Brothers’ LEH.P core U.S. broker-dealer business for roughly $2 billion, a source familiar with the matter said.

To read more, please double click on [ID:nN16464801]

** International Rectifier Corp IRF.N rejected Vishay Intertechnology Inc’s (VSH.N) revised acquisition offer of $23 per share, saying it undervalues future prospects of the company. [ID:nBNG196932]

** Ciba CIBN.VX shareholder Bestinver rejected as too low BASF’s BASF.DE 3.4 billion Swiss franc ($3.06 billion) offer for the Swiss specialty chemicals group. [ID:nLG159070]

** Bristol-Myers Squibb (BMY.N) could abandon its bid for biotech company ImClone Systems IMCL.O in certain circumstances, the U.S. drugmaker’s chief financial officer said. [ID:nLG612276]

** Bayer BAYG.DE has agreed to acquire German drug developer Direvo Biotech AG for 210 million euros ($294.3 million) to strengthen its research into biological drugs. [ID:nLG429817]

** A unit of Russia’s Gazprom (GAZP.MM) and Russian-controlled power firm Centrex plus Italian utility Enia EN.MI won approval from the European Commission to buy Italian energy supplier Enia Energia. [ID:nBRU006746]

** IT solutions provider Telvent TLVT.O agreed to buy privately held U.S. firm DTN Holding Company Inc for about $445 million in cash, to reinforce Telvent’s services in the energy, transportation and environment segments and expand into the agriculture segment. [ID:nBNG82157]

** Sweden-based medical technology group Getinge (GETIb.ST) has agreed to buy Datascope Corp DSCP.O, a maker of cardiovascular devices, for $865 million in cash. [ID:nLG698833]

** Nidec Corp 6594.OS, the world’s largest maker of tiny motors used in hard disk drives, offered to pay up to $283 million to buy Toyo Denki Seizo (6505.T), aiming to tap overseas demand for motors used in railway cars. [ID:nT721]

** Norway’s offshore services group Seadrill SDRL.OL said it agreed to sell two rigs to Ship Finance International (SFL.N) for $1.7 billion and lease them back, gaining cash for its rig building programme and a new dividend. [ID:nLG447812] (Compiled by Tina Kwan in Singapore, Aftab Ahmed and Amiteshwar Singh in Bangalore)

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