Friday May 23, 09:35 AM
TFN NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST
2008-05-23 08:50:25
Infineon (Xetra: 623100 - news) , NXP in talks on merging their operating businesses - report
FRANKFURT
(Thomson Financial) - Infineon Technologies AG. and its Dutch
rival NXP are holding intensive discussions regarding the possibility of merging
their operating businesses, Handelsblatt newspaper, citing sources familiar with
the negotiations.
2008-05-23 08:45:51
Cerberus unit Bawag might pursue IPO before 2012, eyes acquisitions - CEO
VIENNA (Thomson Financial) - Austrian bank Bawag PSK, which is owned by a
consortium headed by the private equity firm Cerberus Capital Management, said
it is likely to be in shape for an initial public offering before its target of
2012.
2008-05-23 08:29:01
Total CEO says extraction costs means oil unlikely to return below $80/barrel
PARIS (Thomson Financial) - Total SA (Paris: FR0000120271 - news) chief executive Christophe de Margerie
said the rising costs of extracting oil from ever more difficult sites mean
crude prices 'have little chance' of returning below $80 per barrel.
2008-05-23 08:20:59
JC Flowers-led offer for Hypo Real Estate (Xetra: 802770 - news) runs to June 23
FRANKFURT (Thomson Financial) - A JC Flowers-led group of investors said its
previously announced 22.50 euros per share cash offer for 24.9 percent of Hypo
Real Estate Holdings AG. runs from Friday until June 23.
2008-05-23 08:19:24
Afirma cuts capital hike issue price to 2.07 eur/shr vs 5
MADRID (Thomson Financial) - Afirma Grupo Inmobiliario SA. said it has cut
the price of its planned capital hike to 2.07 euros per share from an initial 5
euros.
2008-05-23 08:16:15
Poland's V&W ups offer for local jeweller W.Kruk to 24.5 zlotys/shr
WARSAW (Thomson Financial) - Polish fashion chain Vistula & Wolczanka has
increased its offer price for retail jeweller W.Kruk by 3.3 percent to 24.5
zlotys per share, as it struggles to persuade W.Kruk's shareholders to the
merger, bookrunner ING said Friday.
2008-05-23 08:12:08
Severstal to buy 61.5 pct in Mano River's Putu Range project for $37.5 mln
LONDON (Thomson Financial) - Mano River Resources (LSE: MANA.L - news) said it signed a share
purchase and subscription agreement (SPSA) with Russian steel and natural
resources firm Severstal's indirect wholly-owned Dutch subsidiary, Lybica
Holding B.V.
2008-05-23 08:09:30
Italy's phone tariff review increases chance that 3 Italia will be sold - report
MILAN (Thomson Financial) - A cut in mobile termination rates by the
industry regulator AGCOM increases the chances that Hutchison Whampoa Ltd (Munich: 869503 - news) will
sell the mobile phone operator 3 Italia, the daily Il Sole 24 Ore (Milan: S24.MI - news) said citing
investment bankers and analysts.
2008-05-23 08:04:59
BMPS chairman sees cost/income ratio falling to 47 percent in 2011
MILAN (Thomson Financial) - Banca Monte dei Paschi (Milan: BMPS.MI - news) di Siena SpA chairman
Giuseppe Mussari said the bank will cut its cost/income ratio to 47 percent in
2011.
2008-05-23 07:43:14
Total Produce (LSE: TOT.L - news) buys 60 pct of Dutch cos Haluco, Nedalpac for up to 23 mln euros
LONDON (Thomson Financial) - Fresh produce company Total Produce Plc. said
it has bought 60 percent of two Dutch produce companies, Haluco B.V. and
Nedalpac B.V., for up to 23 million euros and added it expects the acquisition
to be earnings enhancing from the date of completion.
2008-05-23 07:36:45
GIMV (Brussels: GIMB.BR - news) owns nearly 10 percent of Barco; does not rule out further stake increase
BRUSSELS (Thomson Financial) - Venture capital group GIMV NV. owns nearly 10
percent of imaging group Barco NV., and does not rule out increasing its stake
further, Belgian newspapers reported citing GIMV's management.
2008-05-23 07:31:31
Expro gets 1.705 bln pounds approach from Halliburton (NYSE: HAL - news) , trumps Candover's offer
LONDON (Thomson Financial) - Expro International Group Plc. said it has
received an approach worth 1.705 billion pounds or 1,525 pence per share for the
company from Halliburton Co.
2008-05-23 07:21:43
VastNed Retail says IEF Capital decides against public offer
AMSTERDAM (Thomson Financial) - VastNed Retail NV said on Friday it has been
informed by IEF Capital that it will not pursue a public offer for the Dutch
property group.
2008-05-23 07:20:24
Thales (Paris: FR0000121329 - news) reconsidering boosting DCNS stake on lower order prospects - report
PARIS (Thomson Financial) - French aerospace, defence and security group
Thales SA is reconsidering its option to boost its stake in DCNS to 35 percent
from its current 25 percent on expectations of lower than expected orders for
the naval shipbuilder, La Tribune reported.
2008-05-23 07:17:55
Suez (Paris: FR0000120529 - news) says British Energy (LSE: BGY.L - news) offer talks halted; no resumption till after GDF merger
LONDON (Thomson Financial) - French energy and waste group Suez SA said the
completion of its merger with Gaz de France (Paris: FR0010208488 - news) remains the company's key priority
and that accordingly discussions over a 'potential offer' for British Energy
Group have now ceased.
2008-05-23 07:10:20
Allianz' Dresdner unit plans to sell bank's headquarter - report
FRANKFURT (Thomson Financial) - Allianz SE.'s banking unit Dresdner Bank
plans to sell its Frankfurt headquarters and could raise some 500 million euros
through the deal, Financial Times Deutschland reported, citing financial
sources.
2008-05-23 07:04:34
Lagardere Active buys rest of Psychologies magazine - report
PARIS (Thomson Financial) - Lagardere SCA publishing unit Lagardere Active
Broadcast has bought the remaining 51 percent stake in Psychologies magazine
from the Servan-Schreiber family, La Tribune reported.
2008-05-23 06:56:04
Infineon, NXP in intensive talks on merging their operating businesses - report
FRANKFURT (Thomson Financial) - Infineon Technologies AG. and its Dutch
rival NXP are holding intensive discussions regarding the possibility of merging
their operating businesses, Handelsblatt newspaper, citing sources familiar with
the negotiations.
2008-05-23 06:42:29
Fortis (Amsterdam: FOO.AS - news) retail banking chief says to cut Dutch bank branches to 504 from 711
AMSTERDAM (Thomson Financial) - Fortis NV wants to reduce the number of bank
branches it operates in the Netherlands together with ABN Amro Holding NV to 504
from 711 before the end of 2010, newspaper Het Financieele Dagblad reported on
Friday.
2008-05-23 06:38:50
J.C. Flowers-led offer for Hypo Real Estate ends June 23
FRANKFURT (Thomson Financial) - A J.C. Flowers-led group of investors said
its 1.1 billion euros takeover offer for about 24.9 percent of the shares in
Hypo Real Estate Holdings AG. at 22.50 euros per share in cash ends on June 23.
2008-05-23 06:32:20
Scottish & Southern (NYSE: SO - news) eyes British Energy bid together with RWE (Xetra: 703712 - news) - report
LONDON (Thomson Financial) - Scottish & Southern Energy Plc. has emerged as
a surprise bidder for British Energy Plc., The Daily Telegraph has reported.
2008-05-23 06:29:51
CITIC Intl confirms BBVA (Madrid: BBVA.MC - news) to raise stake to 35 pct from 15
HONG KONG (Thomson Financial) - CITIC International Financial Holdings has
confirmed that Banco Bilbao Vizcaya Argentaria will raise its stake in the
company to 35 pct from 15 pct, The Standard has reported.
2008-05-23 06:16:48
KPN (Amsterdam: KPN.AS - news) to take 41 percent in Dutch fiber access co Reggefiber FttH
AMSTERDAM (Thomson Financial) - Royal KPN NV and Reggefiber BV said on
Thursday after market close KPN will take a 41 percent stake in Reggefiber FttH
which specialises in the construction and operation of fiber access networks.
2008-05-23 04:34:15
Sinosteel does not rule out buying stake in Australia's Fortescue - report
BEIJING (XFN-ASIA) - Sinosteel, one of China's largest traders of steel and
raw materials used in metals production, does not rule out buying a stake in
Australian iron ore miner Fortescue Metals Group Ltd, China Business News
reported, citing the Chinese firm's president Huang Tianwen.
2008-05-23 04:26:46
China Mobile to take over China Tietong Telecom - Xinhua
BEIJING (XFN-ASIA) - China Tietong Telecom, a fixed-line phone operator,
will become a wholly owned subsidiary of China Mobile Group, the official Xinhua
news agency reported, citing a statement from China Mobile.
2008-05-23 02:09:04
China Merchants Bank tipped as frontrunner for Wing Lung Bank (0096.HK - news) control - report
HONG KONG (XFN-ASIA) - China Merchants Bank Co Ltd (600036.SS - news) (CMB (Brussels: CMB.BR - news) ) has emerged as the
preferred bidder for a controlling stake in Wing Lung Bank, the South China (0265.HK - news)
Morning Post reported without identifying its sources.
2008-05-23 01:03:11
Yahoo (NASDAQ: YHOO - news) postpones annual meeting, battle with Icahn
SAN FRANCISCO (AP) - Yahoo Inc. on Thursday postponed a looming showdown for
control of its board, giving itself more time to prepare a defense -- or
negotiate a sale to Microsoft Corp (NASDAQ: MSFT - news) . that would cause activist investor Carl
Icahn to call off the mutiny.
2008-05-22 23:43:42
Calpine shares jump after bid from NRG Energy (NRGEO.PK - news)
SAN FRANCISCO (AP) - Shares in power company Calpine Corp. jumped more than
8 percent Thursday following an all-stock offer from power wholesaler NRG Energy
Inc. valued at $10.8 billion.
2008-05-22 23:26:36
Yahoo postpones shareholder meeting again, director resigns
SEATTLE (AP) - Yahoo Inc. is postponing its shareholder meeting for a second
time, now that billionaire investor Carl Icahn has nominated alternate
candidates to Yahoo's existing board of directors.
NNNN
|
Send Article by Email
