Deals of the day- Mergers and acquisitions

Sat, 08 Feb - 12:39am

Feb 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Friday:

** Chile's CFR Pharmaceuticals CFR.SN dropped its $1.2 billion bid for South African drugmaker Adcock Ingram AIPJ.J on Friday, thwarted by Adcock's top shareholder, Bidvest

BVTJ.J , in its attempt to get into fast-growing African markets. News Search ID:nL5N0LC255

** Malaysian oil and gas industry services firm SapuraKencana Petroleum Bhd SKPE.KL is setting up a joint-venture after-sales service company for oil industry power plants with a local subsidiary of General Electric GE.N , it said on Friday. News Search ID:nL3N0LC3X6

** South Africa's Tiger Brands TBSJ.J is seeking to raise its stake in the Nigerian Dangote Flour Mills DANFLO.LG through a takeover bid, a notice by its financial advisor said.

News Search ID:nL5N0LC1U2

** IBM Corp IBM.N is exploring the sale of its semiconductor business and has hired Goldman Sachs GS.N to find potential buyers, the Financial Times reported on Thursday, citing sources familiar with the matter. News Search ID:nL3N0LC0C9

** U.S. private equity firm Cerberus Capital Management LP

CBS.UL has completed a sale of its stake in Japanese property operator Kokusai Kogyo Co for about 140 billion yen ($1.37 billion), people with knowledge of the deal said.

News Search ID:nL3N0LC3E5

** Russia's top natural gas producer, Gazprom GAZP.MM , is taking part in tenders to buy two power plants in France owned by Austrian energy group Verbund VERB.VI , a Gazprom spokesman said on Friday. News Search ID:nL5N0LC14Y

** Betting company Betsson BETSb.ST said that it was buying online gaming group Oranje and Kroon in a move to get a strong foothold in the Dutch market ahead of expected new regulations in 2015. News Search ID:nL5N0LC1GX

** State-run Korea Gas Corp (KOGAS) 036460.KS has submitted a plan to the South Korean government to sell some of its stake in Iraq's Akkas gas field in 2015 or later, the company told the stock exchange in a filing on Friday.

News Search ID:nL3N0LC0CS

** Noble Energy Corp NBL.N said on Thursday that it finalized an agreement to sell part of its interest in a massive Israeli natural gas project to Australia's Woodside Petroleum Ltd WPL.AX for $1.03 billion in cash and future revenues.

News Search ID:nL2N0LB260

** Canadian heavy oil producer Baytex Energy Corp BTE.TO has agreed to buy Aurora Oil & Gas Ltd AUT.AX for C$2.6 billion ($2.35 billion) including debt, targeting the Australian company's Texas shale oil assets.

($1 = 101.8600 Japanese yen)

($1 = 1.1062 Canadian dollars)

(Compiled by Anannya Pramanick in Bangalore)

((anannya.pramanick@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80 6749 3143)(Reuters Messaging: anannya.pramanick.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140207:nL3N0LC3KH:5
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