Friday, December 20, 2013

Deals of the day- Mergers and acquisitions

Fri Dec 20, 2013 5:15am EST





<span id="articleText"/>Dec 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1015 GMT on Friday:



<span id="midArticle_0"/>** BAE Systems said United Arab Emirates (UAE) had quit talks to buy Eurofighter Typhoon aircraft, delivering a blow to the British defence company that had pushed hard to land the $9.8 billion deal.



<span id="midArticle_1"/><span id="midArticle_2"/>** Australia's Telstra Corp has agreed to sell its Hong Kong mobile phone business to a company controlled by billionaire Richard Li in a deal worth $2.4 billion that boosts the scion's share of the city's saturated mobile phone market.



<span id="midArticle_3"/><span id="midArticle_4"/>** South Africa's state pension fund said it remained opposed to a $1.2 billion cash-and-stock takeover offer for local drugmaker Adcock Ingram from CFR Pharmaceuticals , saying it did not want shares in the Chilean company.



<span id="midArticle_5"/><span id="midArticle_6"/>** Belarus has offered Rosneft an option to increase its stake in the Mozyr oil refinery if the Russian state-controlled oil producer doubles output at the plant, a Belarus deputy prime minister said. Slavneft, a joint venture between Rosneft and Gazprom Neft, already owns 42 percent in Mozyr, which is one of two large refineries in Belarus. The rest is controlled by the Belarus government.



<span id="midArticle_7"/><span id="midArticle_8"/>** The European Bank for Reconstruction and Development has agreed to buy 7.4 percent in Cyfrowy Polsat as part of a plan by Poland's largest media group to take over the nation's No. 3 mobile operator Polkomtel, Cyfrowy said.



<span id="midArticle_9"/><span id="midArticle_10"/>** Russian companies Novatek and Gazprom Neft have offered Kremlin-controlled oil producer Rosneft an exit from their joint venture in exchange for a stake in a natural gas firm, Vedomosti daily reported.



<span id="midArticle_11"/><span id="midArticle_12"/>** E.ON, Germany's biggest utility, is planning to divest its operations in Spain, two people familiar with the matter told Reuters on Friday, as the energy group pulls out of recession-hit markets in southern Europe.



<span id="midArticle_13"/><span id="midArticle_14"/>** Firms close to Russian tycoon-turned-politician Mikhail Prokhorov are buying 5.34 percent of Uralkali, the world's largest potash miner, on the market, two sources familiar with the deal told Reuters on Friday.



<span id="midArticle_15"/><span id="midArticle_0"/>** Israeli chipmaker TowerJazz Semiconductor Ltd will create a joint venture with Panasonic Corp to manufacture Panasonic's semiconductors for cars and other products, a move expected to boost TowerJazz's revenue by 65 percent.



<span id="midArticle_1"/><span id="midArticle_2"/>** Telecoms equipment maker Alcatel-Lucent said on Friday it had agreed to sell its secure networking and satellite communications unit LGS Innovations LLC to an investor group led by private equity firm Madison Dearborn for up to $200 million. ($1 = 1.13 Australian dollar) (Compiled by Shubhankar Chakravorty in Bangalore)



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