Wednesday October 21, 09:15 PM
Glance-UPDATE 3-Deals of the day -- mergers and acquisitions
(Adds BofA, Canadian Royalties (CZZ.TO - news) , Pol-Aqua)
Oct 21 (Reuters) - The following bids, mergers, acquisitions
and disposals involving European, U.S. and Asian companies were
reported by 2000 GMT on Wednesday.
(For Reuters columns on deals, click on)
** Spain's Grupo Ferrovial (Madrid: FER.MC - news) , under pressure to reduce
its dominance in UK airports, has agreed to sell London's Gatwick
for a smaller-than-expected 1.51 billion pounds ($2.46 billion)
to a consortium involving Credit Suisse and General
Electric.
To read more, please double click on
** Bank of America Corp (NYSE: IKJ - news) agreed to sell First
Republic private bank to a group of private equity investors for
$1 billion.
** Geely Holding's attempt to buy Ford Motor Co's Volvo (Stockholm: VOLVB.ST - news)
car unit is in danger of stalling over disagreements about
intellectual property rights, a source close to the talks said.
** EU regulators should block Oracle Corp's plan to
buy open source database MySQL via its takeover of Sun
Microsystems Inc, as Oracle (NASDAQ: ORCL - news) may hinder MySQL's
development, two technology and consumer groups said.
** General Motors Co remains committed to closing a
deal to sell its European Opel unit to a group led by Magna
International, the automaker's chief executive told
CNBC.
** Spanish media group Prisa (Madrid: PRS.MC - news) said it has bought 12
percent of Spanish language television broadcaster V-me Media for
an undisclosed sum, with an eye to taking control of the group.
** State-run Shanghai Media Group (SMG (LSE: SMG.L - news) ) said it would split
operations into two units, one of which would be more
market-oriented, a sign that China was taking steps to loosen its
iron grip on the broadcast industry.
** Mediaquest Holdings Inc, a company allied to Philippine
Long Distance Telephone Co, said it had acquired a 75
percent interest in ABC Development Corp, which runs the
country's third-largest television channel.
** Egyptian investment bank EFG-Hermes said it was
not planning to substantially increase its stake in Lebanon's
Bank Audi above the 28 percent it already owns.
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