Monday, January 27, 2014

Deals of the day- Mergers and acquisitions

Mon Jan 27, 2014 6:12am EST





<span id="articleText"/>Jan 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Monday:



<span id="midArticle_0"/><span id="midArticle_1"/>** U.S. cable group Liberty Global Inc has agreed to buy Ziggo NV in a cash and share deal valuing the Dutch operator at 10 billion euros ($13.7 billion) to expand its reach across Europe.



<span id="midArticle_2"/><span id="midArticle_3"/>** U.S. mobile operator AT&T Inc ruled out buying Vodafone Group Plc for the next six months after an enquiry by Britain's takeover panel following months of speculation.



<span id="midArticle_4"/><span id="midArticle_5"/>** Britain's Premier Foods Plc will hand control of Hovis bread to U.S. investment firm The Gores Group, in a deal which values the struggling unit at 87.5 million pounds ($144.40 million).



<span id="midArticle_6"/><span id="midArticle_7"/>** Turkish Islamic lender Bank Asya said it would increase its cash capital by 33 percent to 1.2 billion lira ($515 million) and sell an 18 percent stake in retailer Yeni Magazacilik (A101) for 298 million lira.



<span id="midArticle_8"/><span id="midArticle_9"/>** Global investment banker Goldman Sachs is likely to acquire a 26 percent stake in Indian medical equipment maker Opto Circuits Ltd for about 3 billion rupees ($48.01 million), Business Standard reported.



<span id="midArticle_10"/><span id="midArticle_11"/>** Celesio AG said hedge fund manager Paul Singer's voting stake in the German drug distributor has fallen to 1.15 percent as of Jan. 22, regulatory filings show.



<span id="midArticle_12"/>** Czech financial group J&T wants to merge its 8.35 percent stake in Unipetrol as with those of various clients into a single entity, a spokeswoman said, as it tries to push the downstream oil company into paying a dividend.



<span id="midArticle_13"/><span id="midArticle_14"/>** Veneto Banca's Chief Executive Vincenzo Consoli said the bank is prepared to consider possible merger proposals with the help of Goldman Sachs, in line with a recommendation by Italy's central bank.



<span id="midArticle_15"/><span id="midArticle_0"/>** Google Inc said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies Ltd. Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million.



<span id="midArticle_1"/><span id="midArticle_2"/>** Altegrity Inc, which owns the provider of background checks for the U.S. government that vetted former spy agency contractor Edward Snowden, has revived talks to sell its unit that screens private-sector employees, two people familiar with the matter said. Altegrity, owned by private equity firm Providence Equity Partners Llc, was originally seeking as much as $1 billion for HireRight, people familiar with the matter told Reuters in July.



<span id="midArticle_3"/><span id="midArticle_4"/>** Tiger Global Management Llc, the hedge fund managed by industry mogul Charles Coleman, plans to spend up to 1.2 billion reais ($500 million) to buy a stake in Brazilian online retailer B2W Companhia Digital, in a bet that e-commerce will keep booming in Latin America's largest economy.



<span id="midArticle_5"/><span id="midArticle_6"/>** Piramal Enterprises Ltd is evaluating a proposal from merchant bankers to acquire a 5 percent stake in India's Axis Bank Ltd through block deals, Business Standard reported.



<span id="midArticle_7"/><span id="midArticle_8"/>** Egyptian billionaire Naguib Sawiris plans to bid for Brazilian wireless carrier TIM Participações SA, according to a newspaper interview published on Saturday, adding pressure to a delicate standoff between two European telecom giants.



<span id="midArticle_9"/><span id="midArticle_10"/>** No 1 cable provider Comcast Corp, in its talks with Charter Communications Inc about a possible deal to acquire parts of Time Warner Cable, would be interested in an agreement that gives Comcast the New York market and parts of New England, a person familiar with the matter said on Friday.



<span id="midArticle_11"/><span id="midArticle_12"/>** Pavel Durov, founder of Russia's biggest social network, said on Friday he had sold his stake in VKontakte (www.vk.com) to an ally of tycoon Alisher Usmanov, the site's second-largest shareholder, who has long wanted to secure control. The deal took place last month and was probably based on a valuation of $3-$4 billion for all of VK, Russia's answer to Facebook, according to business daily Vedomosti.



<span id="midArticle_13"/><span id="midArticle_14"/>** Croatia said on Friday that a privatisation deal for the sale of state railway cargo unit HZ Cargo to a Romanian buyer had fallen through. Grup Feroviar Roman, a member of Romania's Grampet Group, was in talks to buy 75 percent of HZ Cargo.



<span id="midArticle_15"/><span id="midArticle_0"/>** France's Carrefour SA said on Friday that it signed a binding agreement with real estate group Klepierre SA to buy a portfolio of 127 shopping malls in Europe, with the deal expected to close in the first half of 2014.



<span id="midArticle_1"/><span id="midArticle_2"/>** Pop Milano's top investor Andrea Bonomi, who spearheaded a plan to turn the cooperative bank into a joint-stock company, has sold his entire 8.6 percent stake, a source close to the matter said.



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