Deals of the day-Mergers and acquisitions

Wed, 29 Jan - 7:01am

(Adds Texas Industries, Cliffs Natural; Updates CEZ)

Jan 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Activist investor Carl Icahn said he bought another half-billion dollars' worth of Apple Inc AAPL.O stock on Tuesday, his third investment in the iPhone maker in less than a week, which boosts his stake to more than $4 billion.

News Search ID:nL2N0L20ZZ

** Shareholders of both Vodafone VOD.L and Verizon Communications Inc VZ.N approved Verizon's $130 billion takeover of their Verizon Wireless venture on Tuesday, paving the way for the third biggest deal in corporate history.

News Search ID:nL5N0L2316

** The chief executive of Osisko Mining Corp OSK.TO said he has not spoken to anyone at Goldcorp Inc G.TO since shortly before Goldcorp announced last week it would make an unsolicited takeover bid for the mid-tier Canadian gold producer.

News Search ID:nL2N0L21K9

** Martin Marietta Materials Inc MLM.N said it would buy Texas Industries Inc TXI.N for about $2 billion in stock to strengthen its cement business and increase its presence in high-growth construction markets such as Texas and California. News Search ID:nL3N0L23UN

** Vodafone VOD.L and Liberty Global LBTYA.O are competing to buy Spain's largest cable operator, Ono, from its private equity owners, two people familiar with the situation said on Tuesday. News Search ID:nL5N0L23II

** Royal Dutch Shell Plc RDSa.L wants to sell a stake in a key U.S. Gulf Coast crude oil pipeline for as much as $1 billion and is working with Barclays Plc BARC.L to solicit offers, a source familiar with the matter said. News Search ID:nL2N0L20ZQ

** Oil and gas company Energen Corp EGN.N has launched a sale process for its Alabama natural gas utility Alagasco, according to a source familiar with the matter. News Search ID:nL2N0L212A

** Itaú Unibanco Holding SA, the largest Latin American bank by market value, and Chilean lender CorpBanca SA COB.SN could announce a banking partnership as early as Wednesday, sources with direct knowledge of the situation told Reuters.

News Search ID:nL2N0L20WU

** Investment group PPF, owned by the Czech Republic's richest man Petr Kellner, completed the acquisition of a 65.9 percent stake in Telefonica Czech Republic SPTT.PR from Spain's Telefonica TEF.MC , PPF said on Tuesday.

News Search ID:nP7N0EU01V

** Raiffeisen Zentralbank's Href="NewsSearch">RZB.UL stake in Raiffeisen Bank International RBIV.VI will fall to 64 percent from nearly 79 percent after the first tranche of RBI's capital increase, RBI said. Unlisted RZB bought 750 million euros ($1.03 billion) worth of shares in last week's initial $3.8 billion share sale.

News Search ID:nWEB00H8Z

** Canada's Bank of Montreal BMO.TO has reached a deal to buy UK-based F&C Asset Management Plc FCAM.L for 708 million pounds ($1.2 billion) just a day after first announcing an offer, saying the move would help expand its wealth management arm. News Search ID:nL5N0L211E

** Taiwan's CTBC Financial Holding Co Ltd 2891.TW plans to acquire a unit of China's CITIC Bank 601998.SS for T$20 billion ($668 million) and CITIC Bank will buy a 5 percent stake in the Taiwanese firm a newspaper reported. News Search ID:nL3N0L203P

** Czech utility CEZ CEZP.PR launched a 450 million euro bond convertible into shares in Hungarian oil and gas company MOL MOLB.BU that remain on CEZ's books after the Hungarian firm passed over an opportunity to buy them back. News Search ID:nL9N0L2001

** New York-based hedge fund Casablanca Capital LP picked up a 5.2 percent stake in Cliffs Natural Resources Inc CLF.N and urged the iron ore producer to spin-off international assets and double its annual dividend. News Search ID:nL3N0L23IC

** Israel Discount Bank Ltd DSCT.TA said it had decided not to accept any of the proposals submitted for the acquisition of its holdings in U.S. unit Discount Bankcorp Href="NewsSearch">DSCTN.UL , the parent company of IDB New York. News Search ID:nL5N0L2140

** SCANA Corp's SCG.N utility unit on Monday agreed to increase its ownership stake to 60 percent in two new nuclear units under construction in South Carolina, purchasing a 5 percent state from Santee Cooper, its public power partner, for $500 million. News Search ID:nL2N0L201E

** Sotrem, a small Canadian aluminum producer, is in talks to take over Rio Tinto Alcan's RIO.L RIO.AX aluminum casthouse in Shawinigan, Quebec, rescuing the plant from closure at the end of this year, the fund's project leader told Reuters on Monday. News Search ID:nL2N0L1214

** Canadian boutique investment dealer Edgecrest Capital Holdings has bought rival Stonecap Securities, Edgecrest said on Monday, in a deal that will add client accounts and speed Edgecrest's expansion into the United States.

($1 = 0.7313 euros)

($1 = 0.6034 British pounds)

(Compiled by Shivani Mody and Chandni Doulatramani 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:20140128:nL3N0L237K:4
Topics: 
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