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Deals of the day -- mergers and acquisitions

Source : REUTERS
Last Updated: Fri, Sep 07, 2012 20:10 hrs

Sept 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Trader Glencore has raised its offer for miner Xstrata in a last-ditch attempt to rescue one of the sector's largest ever deals, after months of opposition from Qatar's sovereign wealth fund and other shareholders.

** China Petroleum & Chemical Corp (Sinopec) and ENN Energy Holdings Ltd have extended their $2.2 billion offer for China Gas Holdings Ltd for the fifth time as they seek regulatory approvals to move ahead with Hong Kong's first unsolicited takeover bid.

** Consolidated Media Holdings Ltd agreed to back a revised A$2 billion ($2.06 billion) takeover offer from Rupert Murdoch's News Corp, in a deal that would give News Corp a greater share of Australia's pay-TV market.

** Garda World Security Corp, Canada's biggest security and cash-handling firm, said a consortium formed by CEO Stephan Cretier has offered to buy the company for roughly C$390 million ($399 million) in cash.

** MasterCard Inc agreed to buy Truaxis Inc, a provider of credit and debit card-linked offers through merchants and financial institutions, to help bolster its customer loyalty products.

** Goldman Sachs Group Inc will sell its power plant development unit to Carlyle Group in the latest of a string of deals by the private equity firm since the break-up of its energy investment venture with Riverstone Holdings LLC.

** Hershey Co plans to buy the remaining 49 percent in its Indian joint venture that it does not own, giving it full control of a chocolate business in one of the world's biggest markets.

** Military-run business conglomerate Oyak said it had applied to the Central Registry Agency to sell an almost 10 percent stake in Turkish cement maker Aslan Cimento.

Oyak owns a 96.85 percent stake in Aslan and in the announcement it said it would sell 7.18 million units of stake out of a total 70.7 million it holds on the Istanbul Stock Exchange.

** Royal Bank of Canada, Canada's largest bank, will buy Shoppers Drug Mart's Mastercard portfolio from Bank of America, the U.S. lender told Reuters.

** Northern Minerals Ltd said it would end its strategic alliance with French group Areva NC and pay a cash consideration of $200,000 to Areva for terminating the mutual agreement.

** Belgian insurance group Ageas said on Friday it was in exclusive talks to buy the UK non-life insurance business of France's Groupama which has been selling assets after taking a big hit on its Greek debt holdings.

** Entertainment One Ltd said it entered into an agreement to buy Alliance, a distributor of filmed entertainment products in Canada, UK and Spain for about C$225 million




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