Deals of the day- Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day- Mergers and acquisitions
Credit: © Reuters.

(Adds Orbitz Worldwide, Salix Pharma, Indian Oil , PT Telekomunikasi Indonesia Tbk)

Jan 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Activist investor Starboard Value LP called for office-supply chains Staples Inc SPLS.O and Office Depot Inc ODP.O to merge, saying it would lead to greater savings. ID:nL4N0UZ53V

** Online travel agency Orbitz Worldwide Inc OWW.N is exploring a sale and has drawn interest from private equity firms and other internet companies, Bloomberg reported, citing people with knowledge of the matter. ID:nL4N0UZ5HQ

** Salix Pharmaceuticals Ltd SXLP.O , a maker of bowel drugs, is working with investment bank Centerview Partners Holdings LP to explore its options, including a potential sale to a larger drugmaker, according to three people familiar with the matter. ID:nL1N0UZ1S8

** Belgium's Bank Degroof and Petercam announced plans on Tuesday to merge to create a top-three Belgian private bank with more than 47 billion euros ($54.44 billion) of assets under management. ID:nL6N0UZ1W6

** Hong Kong's Cheung Kong Infrastructure Holdings Ltd 1038.HK , backed by Li Ka-shing, reported to be Asia's richest man, has bought Britain's Eversholt Rail for 2.5 billion pounds ($3.79 billion), the latest in a string of Asian buyers targeting European assets. ID:nL6N0UZ1WK

** Eurasia Drilling EDCLq.L , Russia's largest drilling company by meters drilled, said on Tuesday oil services giant Schlumberger Ltd SLB.N would buy a 45.65 percent stake in the firm for approximately $1.7 billion. ID:nL6N0UZ0S2

** Vossloh's VOSG.DE biggest shareholder Heinz Hermann Thiele on Tuesday announced plans to make a cash offer valuing the German rail technology provider at around 650 million euros ($752.5 million), or roughly 10 percent less than its market value. ID"nL6N0UZ2AG

** Fidelity's $110 billion Contrafund trimmed its stake in Google Inc GOOGL.O , its largest holding, as portfolio manager Will Danoff sees a potentially choppy market for the stock over the short term. ID:nL1N0UV2CU

** Apparel retailer Express Inc EXPR.N said it ended talks to be bought by private equity firm Sycamore Partners, its largest shareholder, due to unavailability of financing. ID:nL4N0UZ4U7

** Austria's Raiffeisen Bank International RBIV.VI is looking to sell its loss-making internet banking unit Zuno in the Czech Republic and Slovakia, the company said, after being saddled with losses in unstable eastern European markets. ID:nL6N0UZ1B0

** Administrators for currency trading firm Alpari (UK) Ltd said they had received a number of inquiries from potential buyers of the business hit by heavy losses from last week's surge in the value of the Swiss franc. ID:nL6N0UY3J4

** Indonesia's biggest telecommunication operator PT Telekomunikasi Indonesia Tbk TLKM.JK said on Tuesday it had cancelled its plan to acquire New Zealand's 2 Degrees Mobile Ltd due to a disagreement on price. ID:nL4N0UZ2X2

** Twitter Inc TWTR.N on Tuesday said it would buy Indian mobile phone marketing start-up ZipDial, reportedly for $30 million to $40 million, as the U.S. microblogging service looks to expand in the world's second-biggest mobile market. ID:nL4N0UZ26X

** RWE RWEG.DE is exploring the sale of power plants, its chief operating officer told Reuters on Tuesday, frustrated with profit erosion and lack of political support for its struggling generation units. ID:nF9N0TV00L

** Brazilian oil and gas company HRT Participacoes SA HRTP3.SA reached an agreement to buy offshore assets of Royal Dutch Shell Plc RDSa.L in the Campos Basin, a source with knowledge of the deal said on Monday. ID:nL1N0UY17J

** UK-based loan provider The Car Finance Company is in talks over a possible sale to the investment firm Pine Brook Partners, Sky News reported, citing sources familiar with the matter. ID:nL4N0UY484

** German wine seller Hawesko's HAWG.DE chief executive Alexander Margaritoff will step down and sell his 30 percent stake in the group to Detlev Meyer, who will now be able to complete a takeover of the company. ID:nL6N0UY3RI

** ArcelorMittal SA ISPA.AS , the world's largest steel producer, is selling its sole asset in Russia, a Siberian coal-mining operation, documents from the federal anti-monopoly service showed. ID:nL6N0UY2UZ

** British insurer Aviva Plc AV.L said on Monday it may cut nearly 5 percent of the combined workforce following its planned $9 billion acquisition of rival Friends Life FLG.L , as industry changes drive consolidation in the insurance sector. ID:nL6N0UY30X

** Britain's Serious Fraud Office has closed its investigation into the ill-fated sale of Autonomy to Hewlett-Packard Co HPQ.N in 2011, saying there was not enough evidence to secure a conviction of the software firm's former executives. ID:nL6N0UY26N

** Goldcorp Inc G.TO said on Monday it has agreed to buy Probe Mines Ltd PRB.V in an all-stock deal that values the metals exploration company at C$526 million ($439 million), in a bid to win control of the Borden Gold project in northern Ontario. IDnL1N0UY0FB

** Nigeria's Seplat Petroleum Development Company SEPLAT.LG has won an extension to a deadline for announcing whether it intends to make a firm offer for oil producer Afren AFRE.L , the London-listed firm said on Monday. ID:nL6N0UY2S9

** Luxembourg-based Griffin Real Estate GIREX.O has signed a letter of intent to buy the Qualia Development real estate arm of PKO BP PKO.WA , the Polish bank said on Monday.

** The surge in the Swiss franc will make it more difficult for General Electric GE.N to sell its Polish Bank BPH BPHP.WA to a domestic rival, the head of Poland's regulator KNF said on Monday. ID:nW8N0U1023

** Malawi is selling portions of two commercial banks to recapitalize in a move meant to turn around the struggling banks, the government's divestiture agency said on Monday. ID:nL6N0UY28R

** U.S. private equity fund Apollo has raised its bid for Slovenia's second-largest bank Nova KBM (NKBM) to about 200 million euros, Slovenian newspaper Finance reported on Monday. ID:nL6N0UY0M4

** The world's top fish farmer Marine Harvest MHG.OL plans to merge its Chilean operations with AquaChile AQUA.SN in return for a 42.8 percent stake in the firm, the Norwegian company said in a statement on Monday. ID:nASN00069G

** Bank Islami Pakistan BIPL.KA , the country's second-largest full-fledged Islamic bank, has received regulatory approval to study the acquisition of KASB Bank Limited KASB.KA . ID:nL6N0UY00C

** Leading Irish opposition party Sinn Fein would oppose the sale of Allied Irish Banks ALBK.I if it enters government following an election early next year, leader Gerry Adams said on Sunday. ID:nL6N0UX0KC

** Hutchison Whampoa 0013.HK , owner of Britain's fourth-largest mobile operator Three, is in talks with Telefonica TEF.MC about buying its O2 network, the Sunday Times reported, citing unnamed city sources. ID:nL6N0UX0AQ

** Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's C.N Egyptian retail business, Mashreq's chief executive said on Sunday. ID:nL6N0UX08V

** United Arab Emirates-based RAK Ceramics RKCE.AD , one of the world's biggest makers of floor and wall tiles, said on Sunday that it would sell its stake in a joint venture with U.S. firm Laticrete for an undisclosed sum. ID:nL6N0UX01U

** Spanish renewable energy firm Abengoa ABG.MC ABGek.MC , which is selling assets to cut debt, said it had raised $328 million from selling shares in its U.S. unit after banks underwriting the offer bought more of the stock. ID:nL6N0UW08C

** Google Inc GOOGL.O is in talks to buy mobile-payments company Softcard, technology news website TechCrunch reported on Friday, citing people familiar with the matter. ID:nL1N0UW01T

** India's Cabinet Committee on Economic Affairs will discuss on Wednesday the possible sale of a 10 percent stake in Indian Oil Corp IOC.NS , two sources with knowledge of the matter said, as the government looks for ways to meet its fiscal deficit target. ID:nL4N0UZ5AN

** Indonesia's biggest telecommunication operator, PT Telekomunikasi Indonesia Tbk TLKM.JK , said on Tuesday it had cancelled its plan to acquire New Zealand's 2 Degrees Mobile Ltd due to a disagreement on price. ID:nL4N0UZ5FL

** Activist hedge fund ValueAct Capital disclosed a 5.1 percent stake in Baker Hughes Inc BHI.N , the world's No. 3 oilfield services company that has agreed to be bought by bigger rival Halliburton Co HAL.N for $35 billion in cash and stock. ID:nL3N0UV5NU

** Exchange operator BATS Global Markets is in discussions to buy institutional foreign exchange trading platform Hotspot from KCG Holdings Inc KCG.N for nearly $400 million, three sources close to the situation said on Friday. IDnL1N0UV2A7

($1 = 0.6603 pounds) ($1 = 0.8634 euros)

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