Deals of the day- Mergers and acquisitions

Fri, 31 Jan - 12:30am

(Adds Men's Wearhouse, Delek Europe, Statoil)

Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:

** Suit retailer Men's Wearhouse Inc MW.N said it was prepared, under certain conditions, to increase its offer for rival Jos. A. Bank Clothiers Inc JOSB.O . Men's Wearhouse said it could raise its $1.61 billion, or $57.50 per share, offer if additional value was discovered through discussions or limited due diligence. News Search ID:nL3N0L44H7

** Australian retailer David Jones Ltd DJS.AX said it had rejected a takeover approach from Myer Holdings Ltd MYR.AX worth A$1.4 billion ($1.23 billion) in October 2013 and was no longer in talks. News Search ID:nL3N0L437F

** Israeli conglomerate Delek Group Ltd DLEKG.TA said its subsidiary Delek Europe Holdings is in advanced negotiations with a foreign corporation to sell all or part of its holdings in Delek Europe BV. According to Israeli media, Delek is in talks to sell Delek Europe BV to an unnamed British fund for 800 million euros ($1.09 billion). News Search ID:nL5N0L430Q

** Glencore Xstrata Plc GLEN.L plans to sell its 62.5 percent stake in the $5.9 billion Tampakan copper and gold project, Indophil Resources N L IRN.AX , its partner in the long-delayed Philippines joint venture said. News Search ID:nL3N0L42P2

** European private-equity firm CVC Capital Partners Ltd

Href="NewsSearch">CVC.UL is nearing a deal to invest in antivirus software developer Avast Software, the Wall Street Journal reported, citing people familiar with the matter. CVC Capital is set to take a significant minority stake that would value Prague-based Avast at roughly $1 billion, including debt, the sources said.

News Search ID:nL3N0L41V0

** Russian telecoms group Rostelecom RTKM.MM is planning to sell a 12 percent stake to banking group VTB Bank OAO

VTBR.MM for up to 35 billion roubles ($995 million), to help to pay for a share buyback, business daily Kommersant reported.

News Search ID:nL5N0L41CK

** Dassault Systemes SA DAST.PA has agreed to buy U.S. scientific software firm Accelrys Inc ACCL.O in an all-cash deal valuing the San-Diego company at about $750 million, as it seeks to expand its product portfolio, the software company said. News Search ID:nL5N0L40G6

** Japanese systems integrator NEC Corp 6701.T said it has agreed to sell its Internet provider NEC Biglobe to Japan Industrial Partners and would book a special profit of about 27 billion yen ($264 million) on the sale in the current business year to March. News Search ID:nT9N0KP018

** Norway's Statoil ASA STL.OL is stepping up its exposure to the environmentally controversial extraction of oil from Canadian sands, paying $235 million to take full control of some assets it had previously shared with Thai energy firm PTT Exploration and Production PCL PTTE.BK . News Search ID:nL5N0L41WG

** Turkey's largest food group, Yildiz Holding, has signed a deal to sell its yeast-making unit Dosu Maya to French company Le Saffre for $220 million, Yildiz Chairman Murat Ulker said.

News Search ID:nL5N0L40ZD

** Lenovo Group Ltd 0992.HK said on Wednesday that it agreed to buy Google Inc's GOOG.O Motorola handset division for $2.91 billion, in what is China's largest-ever tech deal as Lenovo buys its way into the heavily competitive U.S. handset market dominated by Apple Inc AAPL.O . News Search ID:nL2N0L329M

** The head of Pirelli & C SpA PECI.MI said on Wednesday that he had received no proposal regarding a possible sale of the Italian tyremaker. News Search ID:nI6N0KJ04J

** U.S. power company ContourGlobal said on Wednesday it will acquire three hydroelectric power plants in Armenia in a $250 million deal.

($1 = 102.25 Japanese yen)

($1 = 1.143 Australian dollars)

($1 = 35.172 Russian roubles)

($1 = 0.733 euros)

(Compiled by Shivani Mody in Bangalore)

((shivanibipin.mody@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S +91 80 6749 3428)(Reuters Messaging:)(Reuters Messaging: shivanibipin.mody.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140130:nL3N0L438V:2
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