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Wednesday July 9, 4:20 AMDeals of the day -- mergers and acquisitionsJuly 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 for around $2.5 billion. To read more, please double click on [ID:nHKF079281] ** India's Reliance Communications said it would not be making a statement on Tuesday on the status of its talks with South Africa's MTN Group , the exclusivity of which was due to expire at the end of the day. [ID:nBOM331804] ** Anheuser-Busch Cos Inc sued its suitor, InBev NV , calling the brewer's takeover attempt an "illegal plan and scheme" to acquire Anheuser "at a bargain price". [ID:nN08277534] ** Ameriprise Financial , 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 (F&N) said its property unit has bought 17.7 percent of Allco Commercial REIT 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 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] ** Hadera Paper Ltd said its board authorised the company's management to purchase 53 percent of Carmel Container Systems for $20.77 million. [ID:nL08525066] ** Italian car maker Fiat will work with Germany's BMW to develop a new platform for small cars, industry magazine Automotive News Europea said on Tuesday, citing supplier sources. [ID:nMAT008349] ** Sybase Inc said it bought a Cable & Wireless Plc business that helps mobile phone users around the world exchange text and picture messages with people in other countries. [ID:nN08198074] ** Spanish low-cost airlines Vueling and Clickair have agreed to merge, Vueling said, in a move to create a carrier better equipped to tackle stiff competition and high fuel costs. [ID:nN07415922] ** China's Sinosteel took a big step closer to acquiring Australian iron ore prospector Midwest Corp , with Midwest's directors lining up to sell their shares after a merger with Murchison Metals Group Ltd collapsed. [ID:nSYD84154] ** Italian fashion house Roberto Cavalli's stake sale has been put on hold amid uncertain times for luxury goods, designer Roberto Cavalli and sources close to potential buyers said on Tuesday. [ID:nL08589491] ** Spanish oil company Repsol is in talks with Russian oil major Rosneft about taking a stake in the Sakhalin-III oil and gas fields, a company spokesman said on Tuesday. [ID:nL08693308] ** Vimpelcom , Russia's No.2 cellphone operator, said on Tuesday it had finalised its mobile joint venture with Vietnamese state companies, which is set to become a launch pad for its Asian expansion. Vimpelcom said it secured a 40 percent stake in the venture, called GTEL-Mobile, for an equity investment of $267 million. [ID:nL08467859] ** Vimpelcom , Russia's second-largest phone operator bought Cambodia's Sotelco, a source told Reuters on Tuesday. [ID:nL08598195] ** Harmony Gold halved the cash element in the sale of its Mount Magnet operations to Australian-based junior miner Monarch Gold Mining but the overall price was unchanged. [ID:nL08588736] ** PPG Industries Inc said it would sell its automotive glass and services business to a new company formed by private equity firm Kohlberg & Co. [ID:nN08254360] ** Video game publisher Electronic Arts Inc said it complied with a regulator's request for more information on its Take-Two Interactive Software Inc bid, moving a step closer to buying its rival. [ID:nN08281479] (Compiled by Tina Kwan in Singapore, Kuganandhan Paramanandan and A.Ananthalakshmi in Bangalore) |
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