January 30, 2008 / 10:07 AM / 11 years ago

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

(Adds Broadpoint, Kesa, Daimler, Pearson and others)

Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Wednesday.

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

** BHP Billiton Ltd/Plc (BHP.AX)BLT.L could afford a 4.25-for-one offer for Rio Tinto Ltd/Plc (RIO.AX)(RIO.L), advisers to Rio have calculated, which would be worth more than $157 billion.

To read more, please double click on [nSYD201552]

** Iceland’s Kaupthing Bank KAUP.IC called off plans to buy Dutch merchant bank NIBC for 3 billion euros ($4.44 billion), saying that recent credit market turbulence would make it hard to justify a merger. [nL30331817]

** India has deferred approval to a proposal by German vehicle maker Daimler (DAIGn.DE) for a joint venture to make and sell commercial vehicles, a government statement said. [nDEL242747]

** Investment bank Broadpoint Securities Group Inc BPSG.O said it agreed to buy the New Jersey-based institutional fixed income division of BNY Capital Markets Inc, a unit of The Bank of New York Mellon Corp (BK.N). [nWNAS8408]

** Ukraine will try again to privatise the Odessa Pre-Port chemicals plant and hopes it will fetch $1 billion, the country’s privatisation authority said. [nL30726871]

** British electrical goods retailer Kesa Electricals Plc KESA.L said it had agreed to sell its French furniture and electricals business BUT for 550 million euros ($814.4 million). [nWLB6519]

** NuCO2 Inc NUCO.O said it agreed to be acquired by an affiliate of private equity firm Aurora Capital Group for $30 a share in cash in a deal valued at about $487 million. [nWNAS8430]

** Pearson Plc (PSON.L), the world’s biggest publisher of education materials, said it had agreed to sell its 50 percent stake in Financial Times Deutschland to publishing house Gruner + Jahr. [nWLB6506]

** Japanese electronics makers JVC 6792.T and Funai Electric Co Ltd 6839.OS will jointly develop and supply LCD televisions, the latest move as the sector consolidates in quest of economies of scale. [nT91070]

** Spanish power firm Iberdrola (IBE.MC) said it was selling its 4 percent stake in Portuguese energy firm Galp Energia (GALP.LS). [nMDT004813]

** Iberdrola (IBE.MC) shares jumped as much as 8 percent on Wednesday on a takeover report, while construction firm ACS (ACS.MC) said it had not reached a deal with EDF (EDF.PA) to bid for the Spanish power firm. [nL30739360]

** Japan’s Mitsubishi Materials Corp (5711.T), a nonferrous metal smelter, said it would spend $900 million to lift its stake in U.S. cement firm Robertson’s Ready Mix, the latest deal in the M&A heavy sector. [nT149691]

** Irish building materials group CRH (CRH.I) said it had agreed to buy a 26 percent stake in Shanghai-listed Jilin Yatai Group’s (600881.SS) cement operations and partly finance a doubling of capacity. CRH said the total investment was 0.2 billion euros ($295.7 million). [nWEB3446]

** Indonesian state-controlled mining group PT Antam (ANTM.JK) and Chinese miner Shenzhen Zhongjin Lignan Nonfemet Co Ltd 000060.SZ launched a joint cash bid of A$504.8 million ($451 million) for Australia’s Herald Resources Ltd HER.AX. [nSYD92229]

** Orica Ltd (ORI.AX), the world’s biggest explosives maker, said it had agreed to acquire Strata Control Systems for an undisclosed amount, to boost its exposure to the booming mining sector. [nSYD198774]

** Holding company Discount Investment Corp (DISI.TA) said it agreed to sell 2 million shares, or 2 percent, of Cellcom Israel (CEL.TA) (CEL.N) to a financial institution for 199.3 million shekels ($54.5 million) in cash. [nL30542323] (Compiled by Tina Kwan in Singapore and Bijoy Koyitty in Bangalore)

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