Nov 5 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Monday:
** MetLife Inc, the largest U.S. life insurer, said
it will sell MetLife Bank's mortgage servicing portfolio to a
unit of JPMorgan Chase & Co for an undisclosed amount as
it looks to exit its bank holding structure.
** Canada said it has extended its review of a $15.1 billion
bid by China's CNOOC Ltd for Canadian energy producer
Nexen Inc by a month to Dec. 10.
** Lloyds Banking Group is considering selling its
60 percent stake in wealth manager St James's Place in a
bid to raise around 1 billion pounds ($1.60 billion), according
to a report in Britain's Sunday Times.
** Ontario Teachers' Pension Plan said it has agreed to take
control of Heartland Dental Care Inc in a deal that values the
U. S. dental practice management firm at about $1.3 billion,
according to a person familiar with the matter.
** French lender Credit Agricole sealed the $1.25
billion sale of Asian brokerage CLSA to China's CITIC Securities
, marking another pullback from its international
business in the wake of the euro zone crisis.
** Russia's Gazprom and Sintez and
Azerbaijan's state-owned SOCAR were the main bidders for Greek
gas company Depa on Monday in a deal that could help the
near-bankrupt country raise up to 1 billion euros, three people
familiar with the situation said.
** Prudential Plc said it would buy 100
percent of Thanachart Life Assurance Co Ltd, a wholly owned life
insurance subsidiary of Thanachart Bank for a total
of 368 million pounds ($590.3 million).
** Stifel Financial Corp said it would buy smaller
rival KBW Inc in a cash-and-stock deal valued at about
$575 million, creating a middle-market investment bank focused
on the financial services industry.
** U.S. health insurer Humana Inc said it expects
2012 to be better than it expected because it had costs under
control. It also announced plans for a $500 million healthcare
acquisition, the latest move in its expansion of its government
** Harbinger Group Inc, a holding company controlled
by billionaire hedge fund manager Philip Falcone, said it will
form a joint venture with Exco Resources Inc, paying
$372.5 million for a 75 percent stake in Exco's conventional oil
and natural gas assets.
** Bahrain-based alternative asset manager Investcorp Bank
BSC is buying Danish luxury retailer Georg Jensen for
$140 million, Investcorp's spokesman confirmed on Monday.
** Miner Bumi Plc has received details of a
proposal from co-founder Nat Rothschild that would provide an
alternative to a $1.4 billion plan outlined by the Bakrie family
to dismantle the coal mining venture.
** Offshore rig firm Seadrill, the world's biggest
rig operator by market capitalization, will sell part of its
Asian business to Malaysia's SapuraKencana to free up
cash for expansion elsewhere, the firms said on Monday.
** Brazil's JBS SA, the world's largest beef
producer, said on Monday it signed a deal to buy local poultry
processor Agroveneto for 128 million reais ($63 million) just
months after its first move into the Brazilian poultry sector.
** French carmaker PSA Peugeot Citroen has signed
a contract to sell a 75 percent stake in its Gefco logistics
business to Russia's state railway monopoly.
** Brazil's Copersucar SA is taking control of United
States-based Eco-Energy to become the world's largest ethanol
trader with a 12 percent share of the global market in the
biofuel, the company said.
** Netflix Inc adopted a poison pill defense to
prevent a hostile takeover, acting just days after activist
investor Carl Icahn disclosed he had bought a stake in the
streaming video and DVD-by-mail subscription service.
** Official hints of an operational tie-up with Lufthansa
drove a jump in Turkish Airlines' shares
and left analysts speculating over the possibility of a joint
venture on certain routes to Asia.
** Italy's biggest bank by assets denied there were any
plans for a tie-up with rival Intesa Sanpaolo after
sources close to the matter said UniCredit chief
executive Federico Ghizzoni had been sounded out on the issue.