Do More With Reuters
Partner Services

UPDATE 3-Deals of the day -- mergers and acquisitions

Sat Sep 15, 2007 1:38am IST
 
Email | Print | | Single Page
[-] Text [+]

(Adds Tata Investment, Liquidity, Wegener and Eugene Perma)

Sept 14 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday. (For Reuters columns on deals, click on [DEALTALK])

** Investment bank Morgan Stanley (MS.N: Quote, Profile, Research) has threatened to pull its debt financing from the leveraged buyout of Reddy Ice (FRZ.N: Quote, Profile, Research), according to a regulatory filing, amid a fight with the buyer over deal terms.

To read more, please double click on [nN13418610]

** Russia's top cellular operator Mobile TeleSystems (MTS) (MBT.N: Quote, Profile, Research) said it had agreed to buy 80 percent in Armenia's K-Telecom, which operates under the Vivacell brand, for 310 million euros ($430 million). [nWLB1949]

** Dutch staffing company Randstad NV (RAND.AS: Quote, Profile, Research) said it has agreed to buy German jobs firm Team BS for about 71 million euros ($98.7 million), which will have a small positive impact on 2007 earnings per share. [nWEB7557]

** Northeastern Italian utility Acegas (AEG.MI: Quote, Profile, Research) has sold 49 percent of its Estenergy unit to peer Ascopiave ASC.MI, Acegas said. The deal gives Estenergy an enterprise value of 86 million euros ($119.6 million), it said in a statement. [nL1476991]

** Hedge fund Harbinger Capital Partners, which launched a $31 per share unsolicited tender offer for Oglebay Norton Co OGBY.PK in August, said it could immediately enter into a definitive agreement to buy the mining company. [nBNG43012]

** Insurance brokerage Hilb Rogal & Hobbs Co HRH.N said it agreed to buy Bank of America's (BAC.N: Quote, Profile, Research) corporate insurance business to increase its presence in the northeastern United States. [nN13406912]  Continued...

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article