March 17, 2009 / 10:14 AM / 10 years ago

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

(Adds Anglo American, Archer Daniels Midland, Sekisui Chemical)

March 17 (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 [DEALTALK/]

** Mining group Anglo American (AAL.L) said it had sold its remaining 11.3 percent stake in South Africa’s AngloGold Ashanti (AGLJ.J) (AU.N) for around $1.3 billion.

To read more, double click on [ID:nL5657141]

** Brazil’s largest meat processor, Sadia SDIA4.SA SDA.N, said it was considering a business tie-up with Perdigao PRGA3.SA, another major meat processor and exporter. [ID:nN16545454]

** Archer Daniels Midland Co (ADM.N) and Valero Energy Corp (VLO.N) are competing in an auction for assets of bankrupt ethanol producer VeraSun Energy Corp VSUNQ.OB, according to people familiar with the matter. [ID:nN17267543]

** Indian engineering conglomerate Larsen & Toubro (LART.BO) is talking to private equity firms such as Blackstone (BX.N) and The Carlyle Group [CYL.UL] to jointly bid for Satyam Computer Services SATY.BO, the Economic Times reported. [ID:nBOM186376]

** Lenders, including billionaire financier Carl Icahn, plan to bid on the Atlantic City Tropicana casino, and the trustee overseeing the resort is seeking state approval for the transaction. [ID:nN16543585]

** Canadian fertilizer maker Agrium Inc AGU.TO AGU.N put its hostile bid for U.S. rival CF Industries (CF.N) in motion, formally offering to acquire all CF’s outstanding shares. [ID:nN16534590]

** Norwegian telecom group Telenor (TEL.OL) will take a larger stake in India’s Unitech Wireless than previously stated as a result of a $1.2 billion investment in the Indian group announced last October. [ID:nLH250736]

** American Tower Corp (AMT.N) has agreed to acquire Indian wireless telecoms tower firm Xcel Telecom, the U.S.-based firm said, without disclosing financial details. [ID:nDEL465025]

** Bank Muscat BMAO.OM said it had sold 40 percent of its stake in India’s HDFC Bank (HDBK.BO) and would offload the rest over time as its seeks cash to cover losses from equity investments. [ID:nLH225597]

** Belgium’s dominant telecom operator Belgacom BCOM.BR said it is taking a 40 percent stake in Tunz, a Belgian firm specialising in payment systems over mobile devices. [ID:nLH308722]

** Polish telecom company MNI SZEP.WA is still interested in buying a stake in larger rival Netia NTIA.WA after being outbid by financial investors earlier this month, MNI’s chief executive was quoted as saying on Tuesday. [ID:nLH320284]

** Air Berlin AB1.DE is in advanced talks for a cross-shareholding with TUI Travel’s TT.L TUIfly, Air Berlin said, hailing the end of a lengthy struggle to consolidate the German airline industry. [ID:nLH355846]

** Sekisui Chemical Co Ltd (4204.T) intends to acquire American Diagnostica Inc to enter the U.S. diagnostic drug market, the financial daily Nikkei said. [ID:nN17254507]

** Goldman Sachs (GS.N) said on Tuesday a newspaper report that identified it as a potential investor in fraud-hit Indian outsourcer Satyam Computer Services SATY.BO was incorrect. [ID:nBOM162139] (Compiled by Tina Kwan in Singapore; Renju Jose and R. Manikandan in Bangalore)

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