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

Fri Jul 18, 2008 1:47am IST
 
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** Daiichi Sankyo (4568.T: Quote, Profile, Research) and Ranbaxy Laboratories (RANB.BO: Quote, Profile, Research) said the Japanese drugmaker's deal to take over the Indian firm was "binding and final", but the statement failed to halt Ranbaxy shares slide. [ID:nDEL240883]

** Norwegian fertiliser group Yara (YAR.OL: Quote, Profile, Research) has agreed to form a joint venture with Libya's National Oil Corporation to market fertiliser, operate plants in Libya and explore building more capacity, Yara said. [ID:nL17621185]

** Chinese state-owned trading firm Sinosteel has lifted its stake in Australian iron ore explorer Midwest Corp MIS.AX to 54 percent, with its takeover offer due to close. [ID:nSYD271108]

** Hudson's Bay Co, the Canadian retailer whose name is synonymous with the country's frontier past, was bought by the U.S.-based private equity fund that owns the Lord & Taylor department store chain, one of the oldest names in American retailing. [ID:nN16271901]

** Bilfinger Berger (GBFG.DE: Quote, Profile, Research), Germany's second largest builder, has bought U.S. industrial services specialist Tepsco from private investor Churchill Equity, it said. [ID:nWEA2201]

** Blue Capital, the holding company jointly owned by billionaire Bernard Arnault and property group Colony Capital, said it had raised its stake in Carrefour (CARR.PA: Quote, Profile, Research) to 12.9 percent from 10.7 percent. [ID:nL17382533]

** Yahoo Inc (YHOO.O: Quote, Profile, Research) said on Thursday billionaire Carl Icahn's agenda presents a "significant risk" to the value of Yahoo stock, and that it would only sell itself to Microsoft (MSFT.O: Quote, Profile, Research) under the right terms. [ID:nN17266076] (Compiled by Tina Kwan in Singapore, A.Ananthalakshmi, Kuganandhan.Paramanandan and Vidya L Nathan in Bangalore)

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
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