Mergers & Acquisitions
Private equity eyes Kaufhof, Karstadt merger: sources (Reuters)
Financial investors are interested in acquiring Metro s department store chain Kaufhof and Arcandor s Karstadt chain, aiming to merge them into one, two people familiar with the matter said on Sunday. Read
Canon stake in Oce hiked to 84 pct after tender offer (Reuters)
Japan s Canon Inc said its tender offer for shares in Oce NV has raised its stake in the Dutch printer maker to 84 percent, moving closer to its target of turning Oce into a wholly owned subsidiary. Read
Who s the Next Nat-Gas Takeover Target? (at CNBC)
Given the recent flurry of deals, Cramer thinks another buyout is coming Read
Diamond Foods Says Kettle Acquisition to Close in Two Weeks (at Fox Business)
Diamond Foods announced that its upcoming acquisition with Kettle Foods should close in the next 14 days. Read
Is Palm Headed for a Takeover? (at New York Times)
Speculation that Palm might find itself the target of a takeover resurfaced Thursday after it warned that revenue for the current quarter would be far below Wall Street s expectations, amid tepid demand for its smartphones, Reuters reported. Read
Sauer-Danfoss committee supports cash tender offer (AP)
Sauer-Danfoss Inc. on Friday said a special committee of its board of directors recommended that the company s shareholders accept a cash tender offer of $13.25 per share from its parent company, Danfoss A/S. Read
Electro Rent to acquire Telogy assets for $26.7M (AP)
Electro Rent Corp., which rents, leases and sells electronic test equipment, will pay roughly $26.7 million in cash to acquire the assets of privately held electronic test equipment provider Telogy LLC. Read
DEALTALK-US homebuilders eye private firms for land (at Reuters)
(For more Reuters DEALTALKS, click ) * Land short in markets like SoCal, Bay Area, SE Florida * Depressed home prices drive hunt for cheap lots Read
DEALTALK-Bankrupt General Growth faces problem of plenty (at Reuters)
(For more Reuters DEALTALKS, click ) * Rare in large cases to have a solvent debtor * Bid protections riling Simon, possibly shareholders Read
Lexmark, Pactiv,Lubrizol may be LBO candidates-BofA (at Reuters)
Lexmark International , Pactiv Corp , Lubrizol Corp , Harris Corp and United States Cellular Corp may be among U.S. companies targeted for leveraged buyouts, as the number of deals picks up, Bank of America said. Read
Deals of the Day: Merrill Warned on Lehman Before Collapse (at The Wall Street Journal)
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[$$] Takeover Target Arrow Halts Shares (at The Wall Street Journal)
Takeover Target Arrow Halts Shares Oil giants Shell and PetroChina haven t struck an agreement yet, but talks continue on the potential for a $3 billion deal as talk mounts of sweetened bid. Read
Arrow shares halted as takeover talks continue (at Financial Times)
Shares in Australia s Arrow Energy were halted from trading on Friday ahead of an update on the takeover offer made earlier this month by Royal Dutch Shell and PetroChina . Read
[$$] Teva to Acquire Generics Firm (at The Wall Street Journal)
Teva to Acquire Generics Firm Teva won the bidding for Germany s Ratiopharm, agreeing to pay about $5 billion to beat back Pfizer s efforts to expand into the fast-growing generic-drug business that Teva dominates. Read
Teva to Acquire Top German Generics Maker for $5 Billion (at New York Times)
The acquisition of Ratiopharm catapults Teva, the global leader in generic drugs, from fifth place among German generic players to the No. 2 spot. Read
[$$] Teva Pays Up for Another Dose of M&A (at The Wall Street Journal)
Teva s Attractive Dose of M&A Bidding wars have been rare in Europe recently. So Teva Pharmaceutical s $4.95 billion acquisition of Ratiopharm after a lengthy auction will have raised the spirits of many bankers. Read
M&A shake-up as Nomura eyes broader goals (at Financial Times)
Nomura s goal of building a worldwide mergers and acquisitions franchise is one many of its London-based bankers should be familiar with. Read
International Coal makes changes to tender offer (AP)
Mine operator International Coal Group said Thursday it is making some changes to a previously announced cash tender offer for some of its outstanding debt. Read
UPDATE - Vimpelcom misses forecast, eyes recovery, merger (at Reuters)
* Posted $283 mln net profit vs $816 mln year-ago loss * Missed $372 mln forecast due to higher-than-expected costs * Merger with Kyivstar on track after Ukraine okays the deal Read
[$$] RBS Expects U.K. to Sell Stake by 2013 (at The Wall Street Journal)
RBS: U.K. to Sell Stake by 2013 RBS expects that by 2013, the U.K. government will have sold or at least started to sell its shares in the bank at a profit. Read
BankAtlantic jumps on takeover speculation (at MarketWatch)
BankAtlantic Bancorp shares jumped 16% Thursday amid takeover speculation. Read
[$$] Coke in Talks to Buy Stake in Russian Juice Company (at The Wall Street Journal)
Coke Juices Up in Russia Coca-Cola Co. is in talks to buy a majority stake in a Russian juice company, aiming to catch up with Pepsi, which is already in the juice business there. Read
Deals of the Day: Judge Says No to SEC, Wall Street (at The Wall Street Journal)
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Teva Pharmaceutical s history of acquisitions (at Reuters)
Teva Pharmaceutical Industries said on Thursday it would acquire Germany s Ratiopharm for 3.625 billion euros including debt. Read
Delta Petroleum moves to sell Vega asset stake (AP)
Delta Petroleum Corp., an oil and gas exploration and development company, on Thursday said it has tentatively agreed to sell a stake of its Vega Area assets in western Colorado s Piceance Basin for $400 million. Read
[$$] Strides to Buy Out Joint Venture Stakes from Aspen (at The Wall Street Journal)
Strides to Buy Out Joint Venture Stakes from Aspen Strides Arcolab said it will buy out Aspen Pharmacare s 50% stakes in two oncology joint ventures it has with the South African company for $117 million, and raised its earnings and revenue forecast for 2010. Read
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