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

Wed Jul 9, 2008 1:50am IST
 
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(Adds PPG Industries, Electronic Arts and Vimpelcom)

July 8 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Tuesday.

** Shares in China Oilfield Services Ltd rose 2.5 percent in resumed trade after China's largest offshore oil services group agreed to buy Norwegian peer Awilco Offshore AWO.OL for around $2.5 billion.

To read more, please double click on [ID:nHKF079281]

** India's Reliance Communications (RLCM.BO: Quote, Profile, Research) said it would not be making a statement on Tuesday on the status of its talks with South Africa's MTN Group (MTNJ.J: Quote, Profile, Research), the exclusivity of which was due to expire at the end of the day. [ID:nBOM331804]

** Anheuser-Busch Cos Inc (BUD.N: Quote, Profile, Research) sued its suitor, InBev NV INTB.BR, calling the brewer's takeover attempt an "illegal plan and scheme" to acquire Anheuser "at a bargain price". [ID:nN08277534]

** Ameriprise Financial (AMP.N: Quote, Profile, Research), an asset manager and broker specializing in retirement plans, said it agreed to buy asset manager J & W Seligman & Co Inc for $440 million. [ID:nN07436918]

** Singapore conglomerate Fraser and Neave (FRNM.SI: Quote, Profile, Research) (F&N) said its property unit has bought 17.7 percent of Allco Commercial REIT ALCR.SI and all of the real estate investment trust's manager for S$180 million ($132 million). [ID:nSP128043]

** U.S. asset manager Janus Capital Group Inc (JNS.N: Quote, Profile, Research) said it is paying $90 million cash to raise its stake in Chicago-based money manager Perkins, Wolf, McDonnell and Company (PWM) to 80 percent from 30 percent. [ID:nN07448352]   Continued...

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
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