Deals of the day- Mergers and acquisitions

Wed, 26 Feb - 7:01am

(Adds Hutchison, Riverbed Technology, Gjensidige)

Feb 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Hutchison's 0013.HK Three Ireland is prepared to sell radio spectrum and continue a network sharing deal with a rival in order to win EU approval of its $1 billion bid for Telefonica's TEF.MC O2 Ireland, a source familiar with the matter said on Tuesday. News Search ID:nL6N0LU4BE

** Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc RVBD.O to $3.36 billion from $3.08 billion and said it was aware of other potential buyers that Riverbed had so far ignored.

News Search ID:nL3N0LU4FL

** British investment manager St James's Place SJP.L Chief Executive David Bellamy said on Tuesday that the company was at an advanced stage in buying Henley Group, an advisory business with around 400 million pounds ($665 million) under management and 4,000 expatriate clients in Hong Kong, Singapore and Shanghai. News Search ID:nL6N0LU11X

** Finland's state investment fund, Solidium Href="NewsSearch">SLDUM.UL , has sold 2.3 percent of Sampo SAMAS.HE , with analysts saying the price indicated strong market interest in the insurance and investment company. Solidium, which now owns 11.9 percent of Sampo, said it raised 450 million euros ($618 million) from the accelerated offering at 35.65 euros per share. News Search ID:nL6N0LU1JF

** A consortium led by Swedish private equity firm EQT is in the final stage of talks to buy Australia's I-MED, the radiology group said on Tuesday, in a deal that could be worth more than A$400 million ($361 million). News Search ID:nL3N0LU1DI

** Malaysia's Petronas Href="NewsSearch">PETR.UL has agreed to sell a 25 percent stake in its Canadian shale gas assets to an Indian company and an Asian gas buyer, the state firm's chief executive, Shamsul Azhar Abbas, said on Tuesday. News Search ID:nL3N0LU2JP

** Orange ORAN.PA said on Tuesday that it was in talks with Microsoft MSFT.O over a possible tie-up with its video-sharing website Dailymotion, nearly a year after discussions with Yahoo YHOO.O collapsed following state opposition.

News Search ID:nL6N0LU1TR

** Norwegian insurer Gjensidige GJFS.OL aims to sell its 20.1 percent stake in life insurer Storebrand STB.OL , it said on Tuesday, just two weeks after failing to attract satisfactory bids for a large stake in Sparebank 1 SR-Bank SRBANK.OL .

News Search ID:nL6N0LU3ZS

** An alliance between Carlos Slim's America Movil AMXL.MX and the Austrian government to control Telekom Austria TELA.VI moved closer as Slim said he wanted to start formal talks and Austria said it was interested. News Search ID:nL6N0LU1B8

** Finnish paper firm Ahlstrom AHL1V.HE and Swedish peer Munksjo could face a fine of up to 1 percent of their revenues for providing misleading information related to their 2013 merger deal, European Union antitrust regulators said on Tuesday. News Search ID:nL6N0LU1Y5

** BASF BASFn.DE head Kurt Bock told a news conference on Tuesday that the chemicals group would continue to look for attractive takeover targets in the oil and gas industry, when asked about any interest in German utility RWE AG's RWEG.DE fossil fuel unit. News Search ID:nL6N0LU1U0

** Ghana's sole refinery, the Tema Oil Refinery (TOR), is close to signing a joint venture agreement with PetroSaudi International and a deal is expected soon, Ghanaian President John Mahama said. News Search ID:nL6N0LU2E0

** Japan-based Line Corp denied a media report that it was in talks to sell a stake to SoftBank Corp 9984.T - a report that comes after big acquisitions of rival messaging app firms have fanned speculation that it too may be up for grabs.

News Search ID:nL3N0LU0NG

** Scania's SCVb.ST independent board committee said on Tuesday that it had begun evaluating Volkswagen's VOWG_p.DE bid for the remaining shares in the truck maker and advised shareholders to not take a final decision until all relevant information was available. News Search ID:nWEB00J23

** Fresenius Medical Care FMEG.DE , the world's biggest provider of dialysis treatments, would look at Swedish rival Diaverum Href="NewsSearch">BRICAS.UL if it was put up for sale, its chief executive said. News Search ID:nL6N0LU2M0

** Qatar Airways is open to revenue-sharing partnerships with other airlines that are part of its global airline alliance, including British Airways ICAG.L , the Gulf carrier's chief executive said. News Search ID:nL6N0LU276

** The sale of Vivendi's VIV.PA stake in Maroc Telecom to United Arab Emirates operator Etisalat ETEL.AD is set to be completed in the coming weeks, Vivendi's chief financial officer said on Tuesday. News Search ID:nWEB00J2G

** Japanese brokerage Daiwa Securities Group Inc 8601.T said on Tuesday it had agreed in principle to an alliance with Australia and New Zealand Banking Group Ltd ANZ.AX in the business of advising on mergers and acquisitions.

($1 = 1.11 Australian dollars)

($1 = 0.60 British pounds)

($1 = 0.73 euros)

(Compiled by Shubhankar Chakravorty and Anannya Pramanick in Bangalore)

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

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140225:nL3N0LU2NX:2
Topics: 
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