(Adds Palm, DynCorp International, General Growth, Sinopec,
MSCI and others)
April 12 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2130 GMT on Monday.
(For Reuters columns on deals, click on
** Chinese state-owned company Sinopec plans to buy ConocoPhillips' stake in the largest project in Canada's oil sands for $4.65 billion, the richest deal yet to expand China's interest in the huge unconventional resource.
To read more, double click on
** Hong Kong-listed Geely Automobile has no plans to raise money to help finance the purchase by its parent of Ford Motor Co's Volvo unit, the company's chief executive said.
** Palm Inc has hired bankers to explore several options, including a sale of the company, whose smartphones sales have suffered badly against rivals like the iPhone and BlackBerry.
** Cerberus Capital Management LP said on Monday that it would buy defense contractor DynCorp International Inc for about $1 billion in cash in one of the biggest leveraged buyouts of a publicly traded U.S. company since the global financial crisis.
** DynCorp International Inc said it is being acquired by Cerberus Capital Management LP in a $1.5 billion transaction, the defense contractor said.
** The board of Lions Gate Entertainment urged shareholders to vote against billionaire investor Carl Icahn's $6-a-share offer to acquire the studio.
** Shares in Macarthur Coal leapt 10 percent Monday as investors bet a global bidding war for the specialist Australian miner could escalate, with talk that coal giant Xstrata may enter the fray.
** Shares of Mirant Corp and RRI Energy rallied in premarket trade Monday after they announced Sunday that Mirant Corp would buy RRI to create one of the nation's largest independent power producers.
** The world's biggest zinc producer, Belgium's Nyrstar NV , proposed an improved offer for Australian zinc miner CBH Resources, in an effort to muscle out rival bidder Japan's Toho Zinc.
** The insolvency administrator of Karstadt is still in talks with potential investors about a sale of the German department store chain, he said at a meeting of Karstadt creditors.
** Qatar Steel, a unit of Industries Qatar, has bought a 20 percent stake in Saudi Arabia-based South Steel Company, Qatar Steel said in a statement Sunday.
** National Bank of Kuwait, the country's largest lender, has raised its stake in Islamic lender Boubyan Bank to 47 percent, bourse data showed.
** Smartphone maker Palm Inc, which has not turned a profit in its battles with rivals Apple and RIM, has begun seeking offers for the firm, Bloomberg said, citing three people familiar with the situation.
** MSCI Inc said it has voluntarily withdrawn and will refile its pre-merger notification with the U.S. antitrust regulators related to its $1.55 billion takeover of RiskMetrics Group Inc.
** Shares of General Growth Properties Inc on Monday fell 4 percent, after a report by the REIT Newshound said talks with Simon Property Group Inc have hit a snag over possible antitrust issues.
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
April 12 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2130 GMT on Monday.
(For Reuters columns on deals, click on
** Chinese state-owned company Sinopec plans to buy ConocoPhillips' stake in the largest project in Canada's oil sands for $4.65 billion, the richest deal yet to expand China's interest in the huge unconventional resource.
To read more, double click on
** Hong Kong-listed Geely Automobile has no plans to raise money to help finance the purchase by its parent of Ford Motor Co's Volvo unit, the company's chief executive said.
** Palm Inc has hired bankers to explore several options, including a sale of the company, whose smartphones sales have suffered badly against rivals like the iPhone and BlackBerry.
** Cerberus Capital Management LP said on Monday that it would buy defense contractor DynCorp International Inc for about $1 billion in cash in one of the biggest leveraged buyouts of a publicly traded U.S. company since the global financial crisis.
** DynCorp International Inc said it is being acquired by Cerberus Capital Management LP in a $1.5 billion transaction, the defense contractor said.
** The board of Lions Gate Entertainment urged shareholders to vote against billionaire investor Carl Icahn's $6-a-share offer to acquire the studio.
** Shares in Macarthur Coal leapt 10 percent Monday as investors bet a global bidding war for the specialist Australian miner could escalate, with talk that coal giant Xstrata may enter the fray.
** Shares of Mirant Corp and RRI Energy rallied in premarket trade Monday after they announced Sunday that Mirant Corp would buy RRI to create one of the nation's largest independent power producers.
** The world's biggest zinc producer, Belgium's Nyrstar NV , proposed an improved offer for Australian zinc miner CBH Resources, in an effort to muscle out rival bidder Japan's Toho Zinc.
** The insolvency administrator of Karstadt is still in talks with potential investors about a sale of the German department store chain, he said at a meeting of Karstadt creditors.
** Qatar Steel, a unit of Industries Qatar, has bought a 20 percent stake in Saudi Arabia-based South Steel Company, Qatar Steel said in a statement Sunday.
** National Bank of Kuwait, the country's largest lender, has raised its stake in Islamic lender Boubyan Bank to 47 percent, bourse data showed.
** Smartphone maker Palm Inc, which has not turned a profit in its battles with rivals Apple and RIM, has begun seeking offers for the firm, Bloomberg said, citing three people familiar with the situation.
** MSCI Inc said it has voluntarily withdrawn and will refile its pre-merger notification with the U.S. antitrust regulators related to its $1.55 billion takeover of RiskMetrics Group Inc.
** Shares of General Growth Properties Inc on Monday fell 4 percent, after a report by the REIT Newshound said talks with Simon Property Group Inc have hit a snag over possible antitrust issues.
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.