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Published
Feb 13, 2009
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Deals of the day -- mergers and acquisitions

By
Reuters
Published
Feb 13, 2009

Feb 13 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Friday.

(For Reuters columns on deals, double-click on [DEALTALK/] )

** Investors tendered 395 million euros ($504 million) worth of shares and roughly 2.34 percent of the votes in Swedish truckmaker Scania to Porsche SE, which then promptly sold them to Volkswagen (VW) at the same price.

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** Chinalco president Xiao Yaqing said his firm had no plans to increase its minority stake in miner Rio Tinto (RIO.L) (RIO.AX), the Financial Times reported.

** Cardiac-device maker Thoratec (THOR.O) will buy Australia's HeartWare International (HIN.AX) for about $282 million in a cash and stock deal, which could give Thoratec a stronghold over the market for machines that help pump blood in patients with a weak heart.

** Shares in small Thai lender ACL Bank ACL.BK surged as much as 18 percent on speculation that it might be a target of Bank of Ayudhya (BAY) BAY.BK, which wants to acquire retail banking businesses.

** Lloyds of London insurer Beazley Group PLC (BEZG.L) announced plans to raise 150 million pounds ($213 million) to exploit growth opportunities and fund the $35 million acquisition of U.S. underwriting firm First State.

** Indian liquor maker United Spirits (UNSP.BO) said it was prepared to offer a stake of more than 15 percent and board representation to Diageo Plc (DGE.L) to ensure a successful conclusion to talks that began last year.

** Haemacure Corp (HAE.TO) said it would soon run out of cash if it did not make major operational changes and would seek to sell itself while implementing a slew of cost-cutting measures.

** Metro (MEOG.DE), Germany's biggest listed retailer, said it sold its ailing fashion store unit Adler to Luxemburg-based private equity fund BluO for 10 million euros ($12.9 million).

** Greece said buyout firm Marfin Investment Group (MIG) (MRFr.AT) submitted an offer of 45.7 million euros to buy ailing, state-owned Olympic Airlines [OLY.UL] and 16.7 million for its aircraft maintenance unit.

** India's market regulator said it would relax its takeover rules in certain conditions, changes which should make it easier for fraud-hit outsourcer Satyam Computer Services (SATY.BO) to find a buyer.

** SVG Capital Plc SVI.L, a London-listed private equity fund and main investor in European buyout firm Permira PERM.UL, said that private equity investor Coller Capital has bought a 23.9 percent stake it.

** Mahindra & Mahindra Ltd (MAHM.BO), India's top utility vehicle and tractor maker, said it will spin off its defence business into two wholly-owned units that it intends to list at some point.

** Africa and Middle East-focused oil and gas firm Addax Petroleum (AXC.TO) has attracted buyout interest from major Chinese, Japanese, and Indian energy firms, according to three sources with direct knowledge of the matter.

** Norway's state-owned oil and gas group Petoro will take up to 30 percent in the Skanled pipeline project which aims to bring North Sea gas to eastern Norway, Sweden and Denmark, Norway's oil and energy ministry said.

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