Aug 29 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1330 GMT on Wednesday:
** Private equity firm KKR & Co. LP is in talks to
invest about 100 billion yen ($1.3 billion) for control of
Japan's Renesas Electronics Corp, sources said,
offering a lifeline to the struggling chipmaker and pushing its
shares up 35 percent.
** ING Groep NV is exploring a separate sale of its
roughly $1 billion Hong Kong insurance business, sources said, a
move that could further complicate the auction of its Asian
** Closeout retailer Ollie's Bargain Outlet, known for its
signature catch phrase "good stuff cheap," said on Tuesday that
private equity firm CCMP Capital Advisors LLC would acquire a
stake in the company alongside current management.
Terms of the deal as well as the size of the equity stake
were not disclosed, although sources familiar with the
transaction have pegged its value at around $500 million.
** Checkers Drive-In Restaurants Inc, a drive-through
hamburger chain that could be worth more than $300 million, is
being put up for sale by its private equity owner, according to
two sources with direct knowledge of the situation.
** Bonavista Energy Corp, a Canadian oil and gas
company, has agreed to buy a natural gas-weighted asset in
Alberta for about C$155 million ($157.3 million) to boost
production by nearly 10 percent.
** Syngenta AG said it would buy DuPont's
professional products insecticide business for $125 million in
cash to expand the Swiss company's range of pest-control
** Hungary's Magyar Telekom will sell its 100
percent-owned radio network operator Pro-M Zrt. for 19.9 billion
forints ($88.9 million) at the end of August, the company said
in a statement on Wednesday.
** Injectable generic drugs maker Hospira Inc said
it plans to buy a factory and a research center from India-based
Orchid Chemicals & Pharmaceuticals Ltd ORCD.NS for $200 million.
** Irish foods group Glanbia Plc is proposing to
sell 60 percent of its domestic dairy to its largest
shareholder, in a shift of focus towards its U.S. cheese and
international nutritionals businesses.
** Greece's Piraeus Bank is in advanced talks with
French lender Societe Generale to acquire its
loss-making Greek unit Geniki, it said in a bourse
filing on Wednesday.
** Pizza delivery firm Domino's Pizza UK said it
planned to expand further into Europe, acquiring 12 Swiss stores
and an option for the Austrian franchise rights.
** SouthGobi Resources Ltd said the proposed sale
of the Tsagaan Tolgoi thermal coal project in Mongolia to
Australian-listed Modun Resources Ltd has been
cancelled. The deal value was estimated at $30
** Polish retailer Eurocash SA confirmed on
Wednesday that its controlling shareholder, Luis Amaral, had put
a 5-percent stake up for sale to institutional investors.