Deals of the day -- mergers and acquisitions

Written By Unknown on Senin, 01 Juli 2013 | 18.13

June 28 | Mon Jul 1, 2013 5:53am EDT

June 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:

** Nokia shares surged on Monday after it announced plans to buy out partner Siemans AG's share of their valuable network equipment joint venture, betting on the technology to run 4G networks after it stumbled as a maker of smartphones.

** Itaú Unibanco, Brazil's largest bank by market value, said on Friday its Uruguayan unit had signed a deal to buy Citi Uruguay's retail banking operations, assuming more than 15,000 clients with more than $265 million in deposits.

** Japan's biggest building products maker, Lixil Group Corp , said on Friday it would buy toilet and plumbing facilities maker ASD Americas Holding Corp (American Standard) for $542 million from buyout firm Sun Capital Partners Inc.

** Cancer drugmaker Onyx Pharmaceuticals Inc said on Sunday it rejected a roughly $10 billion takeover offer from larger biotechnology company Amgen Inc as too low but still is considering selling itself.

** Russian tycoon Viktor Vekselberg has launched a bid to control Swiss steelmaker Schmolz+Bickenbach after he failed to win support from shareholders to raise more capital and install his preferred candidate on the company's board.

** France will sell stakes in Paris airport operator ADP of 4.69 percent to construction group Vinci and 4.81 percent to Credit Agricole Assurances, Finance Minister Pierre Moscovici said.

** Jonathan Harmsworth, the Viscount Rothermere, who owns a controlling stake in the trust that runs the British mid-market tabloid newspaper the Daily Mail, has made an approach to buy out the rest of the voting shares.

** Telecom Italia denied on Monday it was in talks with Qatari funds to sell a stake in its fixed-line business after it completes a planned spin-off, saying a media report as such was groundless.

** Juice and snacks maker Sun-Rype Products Ltd has received a proposal from Great Pacific Industries Inc to take the company private in a deal valued at about C$37 million.

** Mexico's Coca-Cola FEMSA, the world's largest Coke bottler, said on Friday it reached an agreement to purchase 100 percent of Brazilian peer Companhia Fluminense for $448 million in cash.

** Second-ranked Polish lender Pekao, pressured by a recent takeover of the Polish unit of Nordea by its larger rival PKO, is keeping a eye out for possible acquisitions, its Chief Executive Luigi Lovalio was quoted as saying.

** ThyssenKrupp, Germany's biggest steelmaker, is examining the possibility of selling part of its European steel business to an investor, Rheinische Post newspaper said on its website on Saturday, citing unnamed supervisory board sources.

** RCS Mediagroup, the publisher of influential Italian newspaper Corriere della Sera, could be split into three units after a capital hike that is changing the balance of power among its shareholders, La Repubblica reported on Saturday.

** Indonesia-focused coal miner Bumi Plc is considering selling the 23.8 percent stake held by Indonesia's Bakrie family in the market for cash, instead of a previous plan to cancel the shares, a report on Sunday said.

** Finnish stainless steelmaker Outokumpu's efforts to sell VDM, its high-performance alloys business, has attracted preliminary bids mainly from private equity firms such as Triton, Apollo and KPS Capital, a German daily reported.

** Private equity firms Blackstone and Lion Capital have teamed up to make a formal bid worth more than a billion pounds for Lucozade and Ribena, the two soft drink brands put up for sale by drugmaker GlaxoSmithKline, Sky News reported on Sunday.

** GP Investments Ltd, the largest Latin American private-equity firm, agreed to buy a 33 percent stake in Brazilian hair care salon Cor Brasil SA for 70 million reais ($32 million), as improving living standards in Latin America's largest economy fuel demand for beauty care-related services.

** New York litigation boutique Stillman & Friedman, whose clients have included famous Wall Street moneymen and government lawyers, is being acquired by the large law firm Ballard Spahr, according to the firms' leaders.

** India's two-wheeler maker Hero MotoCorp Ltd HROM.NS said on Monday its wholly owned unit in the United States has agreed to buy a 49.2 percent stake in superbike company Erik Buell Racing for $25 million.

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