Monday, April 6, 2015

Deals of the day- Mergers and acquisitions

<span id="midArticle_start"/>(Adds Vivendi, Informatica, Bristol-Myers Squibb, PCCW,Gazprom)



<span id="midArticle_0"/> (Reuters) - The following bids, mergers,acquisitions and disposals were reported by 2000 GMT on Monday:



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<span id="midArticle_2"/>** Japan's Canon Inc is unlikely to raise its offerfor Swedish surveillance camera maker Axis AB for nowbut won't back out of the deal either, despite pressure fromhedge fund Elliott Management, sources said.



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<span id="midArticle_4"/>** Ventas Inc, a healthcare real estate investmenttrust (REIT), said it would buy privately held hospital chainArdent Medical Services Inc for $1.75 billion in cash.



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<span id="midArticle_6"/>** French media group Vivendi has made a 250million euro ($275 million) indicative offer for most ofDailymotion, the video-sharing website owned by French telecomsgroup Orange, a source said.



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<span id="midArticle_8"/>** Enterprise software company Informatica Corp hasreceived offers from two private equity consortia and isnegotiating a sale that could value it at between $5 billion and$6 billion, according to people familiar with the matter.



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<span id="midArticle_10"/>** Bristol-Myers Squibb Co said it would invest inDutch biotech uniQure NV, joining other big drugmakerswho have moved to gain a foothold in the promising gene therapymarket.



<span id="midArticle_11"/>** Gazprom said it plans to sell its 10.52 percentstake in Germany's natural gas supplier Verbundnetz Gas (VNG),in line with the Russian company's strategy to pull back fromoperations in Europe.



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<span id="midArticle_13"/>** The Philippines' Ayala Land Inc said it bought aminority stake in Malaysian property developer GW PlasticsHoldings Bhd, expanding its footprint in Southeast Asia in linewith its diversification goals.



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<span id="midArticle_15"/>** Japanese regional lender Tomony Holdings Inc said it is in talks to merge with Osaka-based Taisho Bank, owned26 percent by Mitsubishi UFJ Financial Group Inc (MUFG), helping to keep up momentum for consolidation in thecrowded sector.



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<span id="midArticle_1"/>** Loss-making Japanese electronics maker Sharp Corp may spin off its LCD panel business and seek fundingfor it from the government-backed Innovation Network Corporationof Japan (INCJ), a source familiar with the plan said onSunday.



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<span id="midArticle_3"/>** The board of Egypt's Commercial International Bank (CIB) said on Sunday it has asked its management to decidewhether to submit a binding offer for Citigroup's retailportfolio in Egypt after a due diligence process.



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<span id="midArticle_5"/>** Total's rubber and insulation unit Hutchinsonaims to expand in Germany and could make acquisitions to do so,the unit's chief executive told a Germanmagazine.



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<span id="midArticle_7"/>** Chinese online game developer Shanda Games Ltd said it has agreed to be taken private by Capitalhold Ltd andits unit Capitalcorp Ltd in a deal valued at $1.9billion. (Compiled by Kshitiz Goliya and Lehar Maan in Bengaluru)



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