(Adds General Motors, Enbridge, Siemens, Infineon)
Feb 16 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Thursday:
** Germany expects PSA Group's proposed
acquisition of General Motors' Opel business to go ahead,
a minister said, after the U.S. carmaker sought to allay fears
of large-scale plant closures.
** Canada's Enbridge Inc and Spectra Energy Corp
have won U.S. antitrust approval for a $28 billion merger
that will create the largest North American energy
** Siemens is splitting off its $2 billion
Mechanical Drives unit, classified in past years as an
underperforming business, as a standalone company better able to
serve its customer base of small businesses.
** Infineon does not expect to be able to salvage
its $850 million purchase of Cree's Wolfspeed Power,
which is under U.S. scrutiny over unspecified government
security concerns, the German chipmaker said.
** Blackstone, which has $100 billion in private
equity assets under management, has acquired a majority stake in
cloud computing business Cloudreach for an undisclosed sum, the
investment firm said.
** Swiss biotech company Actelion, days before
agreeing to a $30 billion bid by Johnson & Johnson,
found a rival offer to be as attractive but went with J&J
because its offer provided more certainty, a filing showed.
** Actelion said Johnson & Johnson's agreed
tender offer for the Swiss biotechnology company's shares is
expected to start on March 3 and run until March 30.
** Deutsche Boerse Chief Executive Carsten
Kengeter said a failure to complete a merger with the London
Stock Exchange would weaken Germany's main financial
centre, Frankfurt, which has become less competitive in recent
** U.S. government security panel CFIUS has not suggested
any measures that could address its concerns over plans by
Infineon Technologies to buy Wolfspeed Power,
according to a prepared speech by the German chipmaker's chief
** The Dutch government has proposed legislation that would
give it power to block or undo mergers in the telecommunications
** A Chinese consultancy that has previously helped to win
antitrust battles against Coca-Cola and Apple
has taken aim at McDonald's Corp, arguing in a complaint
to regulators that the American fast food giant's China sale may
hurt workers and consumers.
** China's State Grid Corp will offer 25.51 reais
($8.35) per share to buy the stake in Brazilian power company
CPFL Energia SA that it does not already own, CPFL
said in a securities filing.
** Toshiba Corp may delay the sale of its prized
flash-memory chip unit after the conglomerate said it would
consider selling most, even all, of the marquee business, a
person with direct knowledge of the matter said.
** Straumann Holding Chief Executive Marco Gadola
is on the hunt for a 3D printing partner, saying it is likely
that the Swiss dental implant maker will reach distribution
agreement over the next 12 months that includes a possible
** Sky Network Television said if it gets
regulatory clearance to buy Vodafone's New Zealand unit
it will not hold off on the deal to give rival Spark NZ
time to challenge the regulator's decision in court, as
(Compiled by Nikhil Subba and Akankshita Mukhopadhyay in