Dec 17 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Monday:
** A consortium of Turkey's Koc Holding, Gozde
Girisim and Malaysia's UEM Group Berhad has won a
tender for the privatisation of Turkey's toll roads and bridges
with a bid of $5.72 billion.
** Miner First Quantum launched a sweetened offer
for Canadian rival Inmet Mining, taking to shareholders
a deal that values the owner of the giant Cobre Panama copper
project at about C$5.1 billion ($5.2 billion).
** General Electric Co is close to finalising an
agreement to buy Italian aerospace supplier Avio as early as
this week for more than 3 billion euros ($3.95 billion), sources
close to the deal said on Monday.
** Vinci has bid 3 billion euros ($3.95 billion)
for control of Portuguese airport operator ANA, the highest
offer among the four groups competing in the privatisation
auction, sources familiar with the transaction said.
** Turkey will sell a stake of around 7 percent in its
biggest telecoms company, Turk Telekom, through a
secondary public offering in February, sources close to the
matter said on Monday.
Work on selling part of the state's 32 percent stake
intensified after the government successfully raised 4.5 billion
lira ($2.5 billion) from selling part of state-controlled lender
Halkbank last month, the sources said.
** Activist hedge fund Elliott Management Corp offered to
buy business software maker Compuware Corp for $2.3
billion, seven months after it pushed for a sale of rival BMC
** Clearwire Corp agreed to sell roughly half of
the company for $2.2 billion to majority shareholder Sprint
Nextel Corp, which would then have full ownership of
spectrum that will help it offer high-speed wireless services.
Sprint, the number three U.S. wireless carrier and already
the majority owner of Clearwire, raised its offer by 7 cents per
share to $2.97 per share.
** Sun Life Financial Inc will sell its U.S.
annuity business for $1.35 billion to a firm connected to
Guggenheim Partners in a deal that should reduce the exposure of
the insurer's earnings to market swings and boost its cash
** The sale of an estimated $1.1 billion stake in Korea
Aerospace Industries (KAI), the country's sole aircraft maker,
was cast in doubt after Korean Air pulled out of negotiations,
marring the privatisation efforts of the outgoing
** Utility holding company Laclede Group Inc will
acquire two Southern Union utilities, Missouri Gas Energy and
New England Gas Co, from Energy Transfer Equity for
about $1 billion, the companies said.
** Shareholders of tractor and construction equipment maker
CNH approved plans to merge with parent Fiat Industrial
on Monday, creating the world's third-largest capital
goods maker by sales.
The two groups will be merged into an as yet unnamed new
company in which investors will receive 3.828 shares per CNH
share, and one share per Fiat Industrial share. The company will
have a secondary listing in Milan.
** Dutch dredger Boskalis raised its cash offer for
Dockwise to 714 million euros ($936 million) on
Monday and said 72 percent of the maritime transport group's
shareholders had accepted its offer.
** Emirates NBD, Dubai's largest bank, has emerged
as the frontrunner to buy BNP Paribas' Egyptian retail
business, three sources familiar with the matter said, in a deal
likely to raise $400-500 million for the French lender.
** Gulf carrier Etihad Airways, seeking to widen operations
in India and other Asian markets, is in the final stages of
talks to buy part of either Jet Airways or grounded
rival Kingfisher Airlines, an Indian government
official said on Monday.
** Malaysia's state investor Khazanah Nasional Bhd
said it wants to sell its 45 percent stake in Time
Engineering Bhd as part of a wider plan to divest
** Fortune Oil Plc said it would sell its natural
gas business to China Gas Holdings Ltd for $400
million, giving it the option to raise its stake in China Gas
and remain invested in the high-demand energy sector in the
world's second-largest economy.
** Spain's largest bank Santander will call an end
to the 110 year-old Banesto brand as it fully absorbs
its local subsidiary to cut longer-term costs, closing 700
The all-share deal will cost Santander around 260 million
euros ($340.84 million) and will include merging unlisted
private banking division Banif.
** French gas firm GDF Suez said it would sell a 60
percent stake in its Canadian wind and solar projects, which has
an enterprise value of 1.5 billion euros, as part of its debt
reduction efforts. Japan's Mitsui and Fiera Axium
Infrastructure are buying the stake, while GDF will remain a
minority shareholder and operate the wind and solar parks.
** The Benckiser group agreed to buy Caribou Coffee Co Inc
for about $340 million in a deal that would boost the
German investment company's position as the No. 2 U.S. purveyor
of premium coffee, but still well behind Starbucks Corp
** Oil company BP Plc said it would sell its interest
in the Sean gas field in the UK North Sea to British utility SSE
Plc for $288 million.
** Fortis Healthcare Ltd said on Sunday it had
decided to sell its 64 percent stake in a dental clinics
business in Australia to British medical services group Bupa
for A$270 million ($285 million) to focus on high-end
healthcare operations in Asia.
** France's Vivalis is set to buy Intercell
in a deal valuing the Austrian vaccine maker at around
133 million euros ($174 million), and creating an enlarged
player in the European biotech industry.
** Norwegian group Marine Harvest is to buy 48.5
percent of fish processor Morpol for 938 million
Norwegian crowns ($166 million) to gain a key position in
Germany's smoked salmon market.
** Japan's Tokai Rubber Industries, a maker of
rubber parts for automobiles, said it would purchase Italian
lubricants producer Dytech-Dynamic Fluid Technologies for 62.5
million euros ($82.26 million).
** MacKenzie Capital Management LLC is offering to buy up to
170 ownership units in Empire State Building Associates LLC,
which owns the iconic New York skyscraper, for $110,000 a unit,
and said it would support a plan to fold the building into a
proposed real estate investment trust (REIT), according to
regulatory documents filed on Monday.
** Australia's no.3 iron ore miner, Fortescue Metals Group
, is in talks to sell a minority stake in its port and
rail assets after receiving strong interest from several
strategic and financial parties, it said on Monday.
** Japanese oil refiner Idemitsu Kosan Co said on
Monday it acquired 100 percent of an independent Australian oil
product distributor, Freedom Energy Holdings Pty Ltd, as part of
a goal to expand its business in growing overseas markets.
** Czech utility CEZ put its loss-making Albanian
distribution unit up for sale on Monday as it seeks to resolve a
dispute with the Balkan country over power imports and prices.
** Riley & Co. and Caris & Co., a pair of southern
California-based institutional brokerage firms, said Monday they
have combined in an effort to attract more trading and banking
assignments in a very slow market.
** Biotechnology company Enzon Pharmaceuticals Inc
said it would explore a possible sale of the company or its
** Canada's Competition Bureau has approved two mergers in
the domestic hog industry, where producers are struggling to
cope with heavy losses caused by higher feed prices.
The bureau said on Monday it would let Maple Leaf Foods Inc
buy hog producer Puratone Corp for C$42 million($43
million) as well as allow Olymel LP to buy Blue Sky, Canada's
second-largest hog producer, out of receivership for C$65.25