Deals of the day -- mergers and acquisitions
Enviado: 28/9/2006 23:04UPDATE 3-Deals of the day -- mergers and acquisitions
28/09/2006
(Adds Vivendi, Exall and others)
Sept 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2030 GMT on Thursday:
** Walt Disney Co. is buying Britain's Climax Racing in its first European games acquisition, adding the maker of MotoGP and ATV Offroad Fury to expand its Buena Vista Games division outside the United States. Financial terms of the deal were not disclosed.
To read more of this story please click on [nL28644616]
** Power supply products maker Power-One Inc. said it agreed to buy the power electronics division of Magnetek Inc. for $71.7 million in cash to enter new markets. [nBNG36326]
** French media and telecoms group Vivendi agreed to acquire two development studios on the U.S. West Coast and in China, delivering on its promise to expand in the sector through targeted acquisitions. [nL28707674]
** Investor Kirk Kerkorian said he may consider buying up to 12 million additional shares of General Motors Corp. common stock, according to a filing on Thursday with the U.S. Securities and Exchange Commission.[nWBT006025]
** Alkan Chairman Mohamed Nosseir has accepted Telecom Egypt's offer of 100 pounds ($17.42) a share for the business group's 5 percent stake in Vodafone Egypt . [nL28642175]
** India's top utility vehicle maker, Mahindra & Mahindra Ltd. (M&M), said it would buy a controlling stake in Germany's Jeco Holding AG to add to its growing portfolio of auto parts products. [nBOM35816]
** U.S.-based Huntsman Corp has agreed to sell its European bulk chemicals unit to Saudi Arabian Basic Industries (SABIC) , for $700 million, moving Huntsman closer to its goal of focussing on higher value chemicals. [nL28584057]
** Unlisted Spanish property company Martinsa bid 4 billion euros ($5.1 billion) for rival Fadesa , the latest step in the rapid consolidation of the country's real estate sector. [nL28595417]
** Exall Resources Ltd. and Southern Star Resources Inc. said they agreed to merge and form a new C$400 million ($360 million) gold exploration company called Gold Eagle Mines Ltd. [nN28174497]
** Insurer Royal & Sun Alliance Insurance Group Plc (RSA) is selling its U.S. arm to the unit's management, providing the British company with a long-awaited exit from its U.S. unit and pushing its shares up. [nL28275817]
** Flash memory company Spansion Inc. said it would sell its older manufacturing facilities in Japan to Fujitsu Ltd. for about $150 million in cash. [nT355049]
** British software company Planit Holdings Plc agreed a 28.7 million pound ($54.2 million) deal to be taken private. [nWLB2384]
** Austrian jeweller Swarovski is to buy out the half share it does not already own of Signity, a marketing joint venture with Switzerland's Golay Buchel , giving it full control of the company. [nL2859929]
** Investors piled into Spanish utilities, betting more mergers were in the pipeline, while Germany's E.ON said it was committed to its bid for Endesa despite the arrival of a new investor. [nL27457466]
** Sonaecom shares surged on optimism it will pull off its 11.1 billion euro ($14.1 billion) takeover of larger rival Portugal Telecom SA (PT), after the country's competition authority gave preliminary approval of the deal.[nL28314505]
** Univision Communications Inc.'s shareholders approved a $12.3 billion deal to sell the company to a consortium of private equity firms and media mogul Haim Saban. [nN27416068]
** Societe Generale moved to become a leading foreign bank in Russia through a multi-stage deal to acquire control of top-
28/09/2006
(Adds Vivendi, Exall and others)
Sept 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2030 GMT on Thursday:
** Walt Disney Co. is buying Britain's Climax Racing in its first European games acquisition, adding the maker of MotoGP and ATV Offroad Fury to expand its Buena Vista Games division outside the United States. Financial terms of the deal were not disclosed.
To read more of this story please click on [nL28644616]
** Power supply products maker Power-One Inc. said it agreed to buy the power electronics division of Magnetek Inc. for $71.7 million in cash to enter new markets. [nBNG36326]
** French media and telecoms group Vivendi agreed to acquire two development studios on the U.S. West Coast and in China, delivering on its promise to expand in the sector through targeted acquisitions. [nL28707674]
** Investor Kirk Kerkorian said he may consider buying up to 12 million additional shares of General Motors Corp. common stock, according to a filing on Thursday with the U.S. Securities and Exchange Commission.[nWBT006025]
** Alkan Chairman Mohamed Nosseir has accepted Telecom Egypt's offer of 100 pounds ($17.42) a share for the business group's 5 percent stake in Vodafone Egypt . [nL28642175]
** India's top utility vehicle maker, Mahindra & Mahindra Ltd. (M&M), said it would buy a controlling stake in Germany's Jeco Holding AG to add to its growing portfolio of auto parts products. [nBOM35816]
** U.S.-based Huntsman Corp has agreed to sell its European bulk chemicals unit to Saudi Arabian Basic Industries (SABIC) , for $700 million, moving Huntsman closer to its goal of focussing on higher value chemicals. [nL28584057]
** Unlisted Spanish property company Martinsa bid 4 billion euros ($5.1 billion) for rival Fadesa , the latest step in the rapid consolidation of the country's real estate sector. [nL28595417]
** Exall Resources Ltd. and Southern Star Resources Inc. said they agreed to merge and form a new C$400 million ($360 million) gold exploration company called Gold Eagle Mines Ltd. [nN28174497]
** Insurer Royal & Sun Alliance Insurance Group Plc (RSA) is selling its U.S. arm to the unit's management, providing the British company with a long-awaited exit from its U.S. unit and pushing its shares up. [nL28275817]
** Flash memory company Spansion Inc. said it would sell its older manufacturing facilities in Japan to Fujitsu Ltd. for about $150 million in cash. [nT355049]
** British software company Planit Holdings Plc agreed a 28.7 million pound ($54.2 million) deal to be taken private. [nWLB2384]
** Austrian jeweller Swarovski is to buy out the half share it does not already own of Signity, a marketing joint venture with Switzerland's Golay Buchel , giving it full control of the company. [nL2859929]
** Investors piled into Spanish utilities, betting more mergers were in the pipeline, while Germany's E.ON said it was committed to its bid for Endesa despite the arrival of a new investor. [nL27457466]
** Sonaecom shares surged on optimism it will pull off its 11.1 billion euro ($14.1 billion) takeover of larger rival Portugal Telecom SA (PT), after the country's competition authority gave preliminary approval of the deal.[nL28314505]
** Univision Communications Inc.'s shareholders approved a $12.3 billion deal to sell the company to a consortium of private equity firms and media mogul Haim Saban. [nN27416068]
** Societe Generale moved to become a leading foreign bank in Russia through a multi-stage deal to acquire control of top-