Deals of the day -- mergers and acquisitions

Written By Unknown on Kamis, 07 Maret 2013 | 18.12

March 7 | Thu Mar 7, 2013 5:36am EST

March 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1035 GMT on Thursday:

** U.S. private equity firms Blackstone Group LP and TPG Capital have placed separate final bids for Australia's largest poultry producer, Inghams Chicken, sources with direct knowledge of the matter told Reuters on Thursday.

The bids could value privately-owned Inghams at about A$800 million ($821 million), a separate source said.

** Ports operator DP World Ltd is selling its stakes in two container terminals and a logistics center in Hong Kong for $742 million as part of a rejig of assets in favor of fast-growing emerging markets.

** London Stock Exchange Group has submitted a revised 328 million euro ($426.4 million) cash offer to buy a majority stake in LCH Clearnet, in a deal aimed at giving the exchange a gateway into the lucrative debt and currency clearing business.

** British engineer IMI Plc said it planned to sell most of its merchandising business, which makes marketing displays. The business contributed about 8 percent of revenue in 2012.

** China National Petroleum Corp (CNPC) has been approached by investment banks and asked to consider buying part of Italian oil company Eni SpA's stake in a giant natural gas field in Mozambique, a person with knowledge of the matter said on Thursday.

** Time Warner Inc will soon be without the magazine unit that provided the foundation for the company and the first part of its name. Time Inc, the division that publishes titles like Time, Fortune and People, will be spun off into a separate company, Time Warner said late Wednesday, ending weeks of merger negotiations with Meredith Corp.

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