January 7, 2008 / 2:54 PM / 11 years ago

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

(Adds Premiere, CapitaLand and Mercator)

Jan 7 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Monday.

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

** Oman’s Bank Muscat BMAO.OM and Japan’s Nomura Holdings (8604.T) agreed to take over Pakistan’s Saudi Pak Bank SPCB.KA for $200 million, pushing ahead with the deal despite a political crisis and a slowing economy.

To read more, please double click on [nISL102357]

** Media tycoon Rupert Murdoch has returned to the German TV market by buying a near-15 percent stake in the country’s largest pay-TV broadcaster, Premiere PREGn.DE, for 287 million euros ($421.6 million). [nL07222454]

** Tyler Resources Inc TYS.V, developer of Mexico’s largest untapped copper-zinc deposit, said it had agreed to be acquired by Jinchuan Group Ltd, China’s largest nickel producer, for about C$214 million in cash. [nSHA243265]

** White Mountains Insurance Group Ltd (WTM.N) said its unit bought Helicon Re Holdings Ltd, parent of Helicon Reinsurance Co Ltd, for about $150 million. [nWNAS5724]

** Barcode scanner and smart-card maker Bartronics India Ltd (BARI.BO) is close to making an acquisition in the United States, a top company official said. The deal size is expected to be in the range of $25-30 million, Managing Director and Chief Executive Officer Sudhir Rao told Reuters. [nBMB000310]

** Tredegar Corp (TG.N), a maker of plastic films and aluminum extrusions, said it agreed to sell its aluminum extrusions operations in Canada to WXP Holdings Inc, an affiliate of H.I.G. Capital, for about $25 million. [nBNG26063]

** Shares of China Eastern Airlines (0670.HK) rose 3 percent after Air China’s (0753.HK) parent vowed to pay at least 32 percent more for a coveted slice of the Shanghai-based airline than rival suitor Singapore Airlines (SIAL.SI) had agreed to. [nHKF078813]

** Cathay Pacific (0293.HK) dealt a blow to arch-foe Singapore Airline’s (SIAL.SI) offer for 24 percent of China’s No. 3 airline, revealing it would consider joining partner Air China (0753.HK) in a more expensive rival bid. [nHKG369381]

** Advertising and marketing services company Omnicom Group (OMC.N) said it was taking a significant minority stake in China’s Shunya Communications Group through Omnicom’s BBDO division. [nWEN3254]

** Systemax Inc (SYX.N) said it reached an agreement with CompUSA Inc to buy its brand, trademarks, e-commerce business and as many as 16 retail stores from the gadgets and electronics retailer. [nN06368415]

** GCap Media Plc GCAP.L, Britain’s largest commercial radio company, said it rejected a 313-million-pound bid approach from privately owned Global Radio despite the hefty premium offered by the acquisitive UK group. [nL0717359]

** Tecity Group, a Singapore-based investment firm, said it has offered to buy commodities and property firm Straits Trading Co (STCM.SI) for S$5.70 a share, valuing the firm at S$1.86 billion ($1.3 billion). [nSP25691]

** Private equity firm Apax Partners and Israel’s Mivtach Shamir Holdings (MISH.TA) will take control of Israeli food company Tnuva. [nL06612649]

** Abu Dhabi-based investment house Noor Capital said it was acquiring 29 percent of UK’s Victoria Oil and Gas Plc (VOG.L) along with a consortium of UAE and Gulf investors. [nL05264345]

** Mexico’s Cemex (CX.N) (CMXCPO.MX), the world’s third-largest cement maker, has agreed to expand its joint venture with Ready Mix USA to increase its pre-mix concrete business in the United States, the company said in a filing with the U.S. Securities and Exchange Commission. [nN04172515]

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below