Wed Aug 27, 2014 6:26am EDT
<span id="articleText"/> Aug 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:
<span id="midArticle_0"/><span id="midArticle_1"/> ** The board of Spain's Telefonica is set to meet to decide on an improved offer for Vivendi's Brazilian broadband unit GVT, a source familiar with the situation said, potentially topping an expected 7 billion euro ($9.2 billion) offer from Telecom Italia.
<span id="midArticle_2"/> ** Allergan Inc said on Tuesday that it has scheduled a special shareholders meeting for Dec. 18, when activist investor Bill Ackman, who supports a hostile bid for the company by Valeant Pharmaceuticals Inc, will attempt to oust most of its board.
<span id="midArticle_3"/><span id="midArticle_4"/> ** Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
<span id="midArticle_5"/><span id="midArticle_6"/> ** Global private equity firm Carlyle Group is in advanced talks with China Vanke Co Ltd, the country's largest property developer, to buy stakes in nine of its shopping malls, two people with direct knowledge of the matter told Reuters. One source said the deal was valued at between 6-7 billion yuan ($976 million to $1.14 billion), while the other said it could be worth up to 10 billion yuan.
<span id="midArticle_7"/><span id="midArticle_8"/> ** Spanish energy company Repsol SA's talks to buy Canadian producer Talisman Energy Inc are in difficulty, three sources familiar with the matter said, with Talisman's North Sea assets the stumbling block.
<span id="midArticle_9"/><span id="midArticle_10"/> ** New Zealand's Fonterra Cooperative Group Ltd said it will take a stake in China's biggest baby food and formula maker Beingmate Baby and Child Food Co. Ltd in the dairy giant's first tie-up with a Chinese processor since its involvement in a tainted infant formula scandal in 2008.
<span id="midArticle_11"/><span id="midArticle_12"/> ** China's privately-held Dalian Wanda Group is set to launch a 5 billion yuan ($813 million) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.
<span id="midArticle_13"/><span id="midArticle_14"/> ** Shareholders of South Korean internet portal operator Daum Communications Corp and messaging application firm Kakao Corp approved an all-stock merger between the two firms, paving the way for a back-door listing that values Kakao at over $3 billion.
<span id="midArticle_15"/><span id="midArticle_0"/> ** Norwegian IT outsourcer Evry ASA, which serves banks and other data-heavy clients, is considering whether to find a buyer for the whole firm, its board said, sending the shares up to a three-year high.
<span id="midArticle_1"/><span id="midArticle_2"/> ** Chiquita Brands International on Wednesday re-affirmed its commitment to a merger with Irish tropical fruit company Fyffes Plc and said it expected the deal to yield cost synergies of $60 million.
<span id="midArticle_3"/><span id="midArticle_4"/> ** Taiwan's Cathay Financial Holding Co is in talks to acquire a 20 percent stake in medium-sized Philippine lender Rizal Commercial Banking Corp amid plans to expand in Southeast Asia, people with knowledge of the discussions said. The stake could be worth around 14.3 billion pesos ($327 million) at the current share price.
<span id="midArticle_5"/><span id="midArticle_6"/> ** Singapore's Oversea-Chinese Banking Corporation (OCBC) and its insurance arm Great Eastern Holdings said they are in exclusive talks with a company controlled by Thai billionaire Charoen Sirivadhanabhakdi to sell their stake in United Engineers Ltd.
<span id="midArticle_7"/><span id="midArticle_8"/> ** Brazil's state-run power utility Eletrobras said on Tuesday it agreed to buy a 51 percent stake in power distributor Celg Distribuição for 59.5 million reais ($26.3 million).
<span id="midArticle_9"/><span id="midArticle_10"/> ** Poland's Alior Bank SA is selling its wholly owned drugstore chain Polbita to drug distributor Pelion SA for an undisclosed sum.
<span id="midArticle_11"/><span id="midArticle_12"/> ** As hopes for a last-minute buyer dim, Atlantic City's Revel casino has laid out its closure plans, from disposing of opened bottles of alcohol to cashing unredeemed poker chips. The plans, detailed in court documents, will go into effect on Sunday, marking the end of a $2.4 billion hotel-casino.
<span id="midArticle_13"/> ($1 = 0.76 euro) ($1 = 6.14 Chinese yuan) ($1 = 43.69 Philippine peso) (Compiled by Manya Venkatesh in Bangalore)
<span id="midArticle_14"/>
<span id="articleText"/> Aug 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:
<span id="midArticle_0"/><span id="midArticle_1"/> ** The board of Spain's Telefonica is set to meet to decide on an improved offer for Vivendi's Brazilian broadband unit GVT, a source familiar with the situation said, potentially topping an expected 7 billion euro ($9.2 billion) offer from Telecom Italia.
<span id="midArticle_2"/> ** Allergan Inc said on Tuesday that it has scheduled a special shareholders meeting for Dec. 18, when activist investor Bill Ackman, who supports a hostile bid for the company by Valeant Pharmaceuticals Inc, will attempt to oust most of its board.
<span id="midArticle_3"/><span id="midArticle_4"/> ** Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
<span id="midArticle_5"/><span id="midArticle_6"/> ** Global private equity firm Carlyle Group is in advanced talks with China Vanke Co Ltd, the country's largest property developer, to buy stakes in nine of its shopping malls, two people with direct knowledge of the matter told Reuters. One source said the deal was valued at between 6-7 billion yuan ($976 million to $1.14 billion), while the other said it could be worth up to 10 billion yuan.
<span id="midArticle_7"/><span id="midArticle_8"/> ** Spanish energy company Repsol SA's talks to buy Canadian producer Talisman Energy Inc are in difficulty, three sources familiar with the matter said, with Talisman's North Sea assets the stumbling block.
<span id="midArticle_9"/><span id="midArticle_10"/> ** New Zealand's Fonterra Cooperative Group Ltd said it will take a stake in China's biggest baby food and formula maker Beingmate Baby and Child Food Co. Ltd in the dairy giant's first tie-up with a Chinese processor since its involvement in a tainted infant formula scandal in 2008.
<span id="midArticle_11"/><span id="midArticle_12"/> ** China's privately-held Dalian Wanda Group is set to launch a 5 billion yuan ($813 million) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.
<span id="midArticle_13"/><span id="midArticle_14"/> ** Shareholders of South Korean internet portal operator Daum Communications Corp and messaging application firm Kakao Corp approved an all-stock merger between the two firms, paving the way for a back-door listing that values Kakao at over $3 billion.
<span id="midArticle_15"/><span id="midArticle_0"/> ** Norwegian IT outsourcer Evry ASA, which serves banks and other data-heavy clients, is considering whether to find a buyer for the whole firm, its board said, sending the shares up to a three-year high.
<span id="midArticle_1"/><span id="midArticle_2"/> ** Chiquita Brands International on Wednesday re-affirmed its commitment to a merger with Irish tropical fruit company Fyffes Plc and said it expected the deal to yield cost synergies of $60 million.
<span id="midArticle_3"/><span id="midArticle_4"/> ** Taiwan's Cathay Financial Holding Co is in talks to acquire a 20 percent stake in medium-sized Philippine lender Rizal Commercial Banking Corp amid plans to expand in Southeast Asia, people with knowledge of the discussions said. The stake could be worth around 14.3 billion pesos ($327 million) at the current share price.
<span id="midArticle_5"/><span id="midArticle_6"/> ** Singapore's Oversea-Chinese Banking Corporation (OCBC) and its insurance arm Great Eastern Holdings said they are in exclusive talks with a company controlled by Thai billionaire Charoen Sirivadhanabhakdi to sell their stake in United Engineers Ltd.
<span id="midArticle_7"/><span id="midArticle_8"/> ** Brazil's state-run power utility Eletrobras said on Tuesday it agreed to buy a 51 percent stake in power distributor Celg Distribuição for 59.5 million reais ($26.3 million).
<span id="midArticle_9"/><span id="midArticle_10"/> ** Poland's Alior Bank SA is selling its wholly owned drugstore chain Polbita to drug distributor Pelion SA for an undisclosed sum.
<span id="midArticle_11"/><span id="midArticle_12"/> ** As hopes for a last-minute buyer dim, Atlantic City's Revel casino has laid out its closure plans, from disposing of opened bottles of alcohol to cashing unredeemed poker chips. The plans, detailed in court documents, will go into effect on Sunday, marking the end of a $2.4 billion hotel-casino.
<span id="midArticle_13"/> ($1 = 0.76 euro) ($1 = 6.14 Chinese yuan) ($1 = 43.69 Philippine peso) (Compiled by Manya Venkatesh in Bangalore)
<span id="midArticle_14"/>
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