2007-06
05 09:10:12Proenca de Carvalho to replace Granadeiro as PT Multimedia chairman - report
LISBON (Thomson Financial) - Daniel Proenca de Carvalho will replace Henrique Granadeiro as PT Multimedia SGPS chairman, daily Publico reported without citing sources.
2007-06
05 09:00:14RBS sees H1 earnings ahead of forecasts
LONDON (Thomson Financial) - Royal Bank of Scotland Group PLC said cost discipline and lower bad debt charges will help it beat analysts' first-half earnings forecasts, and confirmed that its proposed takeover of Dutch lender ABN Amro will lead to 19,000 job losses.
2007-06
05 08:53:18Telco shareholders pushing to close Telecom Italia purchase by July - report
MILAN (Thomson Financial) - Some of the shareholders of Telco SpA, the holding company that agreed to buy Olimpia SpA's 18 pct stake in Telecom Italia SpA, are pushing to close the purchase by July, without waiting for the go-ahead from the Brazilian antitrust authority, daily Corriere della Sera reported in an un-sourced article.
2007-06
05 08:52:50Austrian takeover commission to study if RHI controlled by Schlaff - report
VIENNA (Thomson Financial) - Austria's Takeover Commission is likely to study whether the MS Privatstiftung in effect controls RHI AG and is thus obligated to put forward a takeover bid to the company's other shareholders, daily Die Presse reported.
2007-06
05 08:51:58United Utilities FY pretax up 16 pct; to sell electricity assets
LONDON (Thomson Financial) - United Utilities PLC said full-year underlying pretax profit was up 16 pct to 561 mln stg, while pretax profit from continuing operations increased by 52 pct to 676 mln stg.
2007-06
05 08:48:32Taiwan's Yageo says KKR set to take 16.1 pct stake via bond conversion
TAIPEI (XFN-ASIA) - Yageo Corp said Kohlberg Kravis Roberts (KKR) is set to take 16.1 pct stake in the company.
2007-06
05 08:37:54Macquarie, Intesa to present bid for 51 pct of Rome airport by Friday - report
MILAN (Thomson Financial) - Macquarie and Intesa Sanpaolo SpA are expected to present an offer to buy a 51 pct stake in Rome airports operator Aeroporti di Roma SpA (ADR) from the holding company Gemina SpA, daily MF said in an unsourced report.
2007-06
05 08:28:03Platinum Diversified in deal regarding Golden Eagle's assets
LONDON (Thomson Financial) - Platinum Diversified Mining Inc (PDM) said it has entered into a non-binding term sheet with Golden Eagle International Inc (GEI) to buy GEI's Buen Futuro gold and copper project in eastern Bolivia, to form a joint venture on the latter's Precambrian sites, and for an option to acquire its Nevada-based Gold Bar Mill.
2007-06
05 08:22:17RAG supervisory board to discuss sale of Saar Ferngas to Arcelor Mittal
ESSEN, Germany (Thomson Financial) - RAG AG's supervisory board is scheduled to meet today to discuss the sale of the Saar Ferngas business to Arcelor Mittal.
2007-06
05 08:19:37Alitalia auditor says still examining 2006 accounts; no decision reached
MILAN (Thomson Financial) - Deloitte & Touche SpA, the auditor of the troubled airline Alitalia SpA, said that its audit of the company's 2006 accounts is still underway and no conclusion has been reached on its outcome.
2007-06
05 08:10:44Ericsson bids 22.50 eur per share for German software co LHS
STOCKHOLM (Thomson Financial) - LM Ericsson AB said it has made voluntary public cash offer of 22.50 eur per share to acquire all the shares in German software company, LHS AG, valuing the company at around 310 mln eur.
2007-06
05 08:05:22Portugal Telecom ends talks with Brazil's Telemar
LISBON (Thomson Financial) - Portugal Telecom SGPS said it has terminated 'preliminary' talks with Brazilian telecom company Telemar Participacoes SA, following a raft of media reports that the two companies were considering merging.
2007-06
05 08:01:16Vidrala to acquire Belgium's La Manufacture du Verre for 35 mln eur with debt
MADRID (Thomson Financial) - Vidrala SA said it has signed an agreement to acquire Belgium firm La Manufacture du Verre for around 35 mln eur, including debt.
2007-06
05 07:52:35United Utilities FY underlying pretax up 16 pct; to sell electricity assets
LONDON (Thomson Financial) - United Utilities PLC said full-year underlying pretax profit was up 16 pct to 561 mln stg, while pretax profit from continuing operations increased by 52 pct to 676 mln stg.
2007-06
05 07:50:52Ericsson bids 22.50 eur per share for German telecoms co LHS
STOCKHOLM (Thomson Financial) - LM Ericsson AB said it has made a voluntary public cash offer of 22.50 eur per share to acquire all the shares in German telecoms company, LHS AG, valuing the company at around 310 mln eur.
2007-06
05 07:48:30ArcelorMittal builds Brazil unit stake to 96.6 pct; cost 5.412 bln usd
PARIS (Thomson Financial) - ArcelorMittal said shares in Arcelor Brasil that were tendered by minority holders under an offer that ended yesterday amounted to a 29.5 pct stake, allowing ArcelorMittal's holding to rise to 96.6 pct.
2007-06
05 07:47:46ArcelorMittal builds Brazil stake to 96.6 pct in tender; cost 5.412 bln usd
PARIS (Thomson Financial) - ArcelorMittal said shares in Arcelor Brasil that were tendered by minority holders under an offer that ended yesterday amounted to a 29.5 pct stake, allowing ArcelorMittal's holding to rise to 96.6 pct.
2007-06
05 07:43:07TDC sells Talkline to Permira's Debitel for 560 mln eur
FRANKFURT (Thomson Financial) - TDC AS said it has sold its German mobile operator Talkline to Permira's Debitel AG for 560 mln eur in cash.
2007-06
05 07:42:46Gas Natural 1 of 8 finalists in bid for EDF's Mexico assets worth 2.2 bln eur
MADRID (Thomson Financial) - Gas Natural SDG SA is one of eight finalists in a bid for Electricite de France's assets in Mexico with an estimated worth of over 2.2 bln eur, La Gaceta de los Negocios reported, without citing sources.
2007-06
05 07:41:36Lanxess CEO says company has no plans to acquire Clariant
FRANKFURT (Thomson Financial) - Lanxess AG's chief executive officer Axel Heitmann has denied that the chemicals giant has plans to acquire Swiss rival Clariant, saying the latter's share price is too expensive, reported Financial Times Deutschland, citing Heitmann.
2007-06
05 07:34:40ABB's Kindle says no risk of becoming takeover target
ZURICH (Thomson Financial) - ABB Ltd chief executive Fred Kindle said there is no risk of the Swedish-Swiss engineering group becoming a takeover target.
2007-06
05 07:33:49Agbar's Applus target of takeover bid by Catalan businessman - report
MADRID (Thomson Financial) - Sociedad General de Aguas de Barcelona SA's unit Applus is the target of a takeover bid by Catalan businessman Narcis Serra, La Vanguardia reported, citing unnamed sources from the Catalan government and financial sector.
2007-06
05 07:22:36Voestalpine says bid for over 50 pct of Boehler-Uddeholm successful
VIENNA (Thomson Financial) - Austrian steel company voestalpine AG said its offer to buy peer Boehler-Uddeholm AG has been accepted by more than 50 pct of shareholders.
2007-06
05 07:11:40Regulator asks Portugal Telecom for 'full explanations' on Brazil news - report
LISBON (Thomson Financial) - Portuguese stock market regulator CMVM has demanded 'full explanations' from Portugal Telecom SGPS regarding the reported talks to buy Tele Norte Leste Participacoes SA (Telemar) and about a reported merger between Telemar and Brasil Telecom, Jornal de Negocios reported citing an official source at the CMVM.
2007-06
05 07:10:11Fraconofurt plans IPO of units FraconoWest, FranconoOst to buy more properties
FRANKFURT (Thomson Financial) - German real estate firm Franconofurt AG plans to sell shares in its units FraconoWest and FraconoOst in separate IPOs to raise funds to buy more properties in the country, Boersen-Zeitung reported, citing Franconofurt's chief executive Metehan Sen.
2007-06
05 07:03:40RBS claims Barclays offer for ABN would mean 11,000 UK job cuts - report
LONDON (Thomson Financial) - Royal Bank of Scotland Group PLC says the offer for ABN Amro Holding NV from rival bidder Barclays PLC would put 9,000 more Britons out of work that its own proposal to buy the Dutch bank, The Times reported.
2007-06
05 06:52:00India's Tata Steel, Essar Global show interest in Stelco - report
MUMBAI (Thomson Financial) - India's Tata Steel Ltd and Essar Global, the holding company of the Essar group, have shown preliminary interest in Canadian steel maker Stelco Inc, put up for sale by key shareholders last week, The Economic Times reported.
2007-06
05 06:38:20Holcim sells 39 pct stake in Holcim South Africa to AfriSam for 7.5 bln rand
ZURICH (Thomson Financial) - Swiss cement maker Holcim Ltd announced the sale of a 39 pct stake in its South African unit to AfriSam Consortium Pty Ltd for 7.5 bln rand.
2007-06
05 06:33:02Ashley makes from 43 mln eur from sale of Adidas stake - report
LONDON (Thomson Financial) - Sportswear billionaire Mike Ashley has sold his holding in Adidas AG, making tens of millions of euros from a rally that he sparked with his stake building in March, the Financial Times reported.
2007-06
05 05:30:59Avaya OKs $8.2B private equity buyout
BASKING RIDGE, N.J. (AP) - TPG Capital is embarking on its second big telecom venture in two weeks, joining with another private equity firm, Silver Lake, in an $8.2 billion bid for Avaya Inc.
2007-06
05 05:03:33Murdoch meets with Bancroft family
NEW YORK (AP) - Rupert Murdoch stepped up his campaign to woo the family that controls Dow Jones & Co. on Monday, meeting with key members of the Bancroft family in person to offer assurances that The Wall Street Journal would continue its long tradition of excellence under his stewardship.
2007-06
05 03:56:20SKorea's Hynix denies report of talks with TSMC to sell 8-inch lines
SEOUL (XFN-ASIA) - Hynix Semiconductor Inc said a report that it is in talks with Taiwan Semiconductor Munafacturing Co Ltd (TSMC) to sell its low-margin eight-inch DRAM production lines has no basis.
2007-06
05 03:41:47SKorea's Hynix in talks with TSMC to sell 8-inch DRAM lines - report
SEOUL (XFN-ASIA) - Hynix Semiconductor Inc is in talks with Taiwan Semiconductor Munafacturing Co Ltd (TSMC) to sell low-margin eight-inch DRAM production lines, internet news provider edaily reported, citing industry sources.
2007-06
05 03:28:19Avaya agrees to $8.2B buyout
BASKING RIDGE, N.J. (AP) - Telecommunications company Avaya Inc. said Monday night that it has agreed to an $8.2 billion buyout from private equity firms Silver Lake and TPG Capital.
2007-06
05 01:54:34Australia's Wesfarmers raises 203 mln aud from property sales
SYDNEY (XFN-ASIA) - Wesfarmers Ltd said it will receive gross proceeds of 203 mln aud from the sale and leaseback of a portfolio of 11 retail warehouse properties in Australia and New Zealand operated by its Bunnings retail hardware chain.
2007-06
05 01:32:00Mexico's Cemex wins 43.15 pct of Australia's Rinker ahead of offer closing date
SYDNEY (XFN-ASIA) - Cemex SA said it now has won acceptances for 43.15 pct of Rinker Group Ltd's issued capital ahead of the June 22 expiry of its 14 bln usd offer for the Australian construction materials group.
2007-06
05 01:02:32China's Central Huijin to let Standard Chartered run China Everbright - report
BEIJING (XFN-ASIA) - Central Huijin Investment, which took control of China Everbright Bank last month, aims to let Standard Chartered PLC manage China Everbright eventually, the South China Morning Post reported.
2007-06
05 00:52:42Australian govt clears Norilsk Nickel's offer for LionOre
SYDNEY (XFN-ASIA) - Russian nickel miner Norilsk Nickel said it has received clearance from the Australian government for its 6.8 bln cad takeover of LionOre Mining International Ltd.
2007-06
05 00:46:59NTT DoCoMo to spend 400 mln yen for stake in digital mapping service co
TOKYO (XFN-ASIA) - NTT DoCoMo Inc said it will spend about 400 mln yen to acquire a 10.27 pct stake in Zenrin DataCom Co Ltd, a unit of Zenrin Co Ltd.
2007-06
05 00:30:16Flextronics to buy Solectron for $3.6B
SAN JOSE, Calif. (AP) - Flextronics International Ltd., the world's No. 2 contract electronics maker, is buying smaller rival Solectron Corp. for $3.6 billion in cash and stock, in a takeover that analysts say is fueled by fierce global competition that is driving down prices and squeezing already razor-thin profit margins.
2007-06
04 23:34:51Huntington, Sky Financial deal approved
WASHINGTON (AP) - The Federal Reserve Board Monday approved Huntington Bancshares Inc.'s purchase of Sky Financial Group, clearing the way for the $3.3 billion deal to close in the third quarter.
2007-06
04 23:28:43First Republic to sell Froley Revy
SAN FRANCISCO (AP) - First Republic Bank, which offers wealth management and private banking services, said Monday that it has agreed to sell Froley, Revy Investment Co. Inc. to the business' principal executive officers.
2007-06
04 23:21:34Sky Financial shareholders OK buyout
BOWLING GREEN, Ohio (AP) - Financial holding company Sky Financial Group Inc. on Monday said its shareholders approved its acquisition by Huntington Bancshares Inc. in a cash and stock deal worth $3.6 billion.
2007-06
04 23:19:27Amgen buying privately held Ilypsa
THOUSAND OAKS, Calif. (AP) - Biotechnology company Amgen Inc. said Monday it will buy privately held Ilypsa for $420 million in cash.
© 2007 AFX News
