June 28 (Reuters) - The following bids, mergers,
acquisitions and disposals involving European, U.S., Canadian
and Asian companies were reported by 1000 GMT on Thursday:
** The board of News Corp approved in principle
splitting the $60 billion media conglomerate into separate
publishing and entertainment businesses, a person familiar with
the situation said.
** French utility Veolia Environnement said it sold
its regulated UK water business for an enterprise value of 1.24
billion pounds ($1.92 billion) as part of its restructuring,
cutting its debt pile by 1.45 billion euros.
** Oil major Shell again extended a deadline for
Cove Energy shareholders to accept its offer, giving
itself more time to decide its next move as it vies with
Thailand's PTT Exploration and Production to acquire
** Mexican tycoon Carlos Slim notched another victory in
Europe on Wednesday as he acquired a quarter of Dutch telecom
KPN, bolstering his expanding mobile phone empire.
** German industrial gas producer Linde AG is the
leading bidder for Lincare Holdings Inc and could offer
at least $3.4 billion for the U.S. oxygen provider, the
Financial Times Alphaville blog reported late on Wednesday,
** Telekom Austria's planned acquisition of budget
obile operator Yesss from Orange faces an extended
review by Austria's competition authorities, delaying Hutchison
3G's agreed $1.6 billion takeover of Orange Austria.
** French food group Danone agreed to pay 550
million euros ($685.2 million) to take control of Morocco's top
dairy firm Centrale Laitiere to broaden its presence
in North African markets amid weakening sales in southern
** British lender HSBC raised about $430 million
after selling its holdings in India's Axis Bank
and Yes Bank , with both lenders
fetching prices higher than term sheets amid a strong rally for
the country's banking sector stocks this year.
** Norwegian publisher A-pressen has been given the green
light to acquire Edda Media from Mecom after agreeing to
the competition regulator's condition that it sell some of its
** State-owned Beijing Enterprises Group (BJEG) again raised
its stake in its takeover target China Gas Holdings Ltd
, further frustrating Sinopec's attempts to take
control of the piped-gas distributor.
That pits it against Sinopec and ENN Energy Ltd
, which in December made a $2.2 billion joint offer to
acquire China Gas. The Hong Kong-listed gas distributor rebuffed
their HK$3.50-a-share offer.
** Cigna Corp said it agreed to buy some Medicare
Advantage plans in Texas and Arkansas from health insurer Humana