Deals of the day -- mergers and acquisitions
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Deals of the day -- mergers and acquisitions

www.reuters.com   | 30.01.2012.

Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Monday.
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Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Monday.

** Japan's second-biggest refiner, TonenGeneral Sekiyu KK , said on Monday its $4-billion purchase of a controlling stake in itself from U.S. oil major Exxon Mobil Corp would help speed business decisions.

** Swiss engineering group ABB said on Monday it had agreed to buy U.S. electrical components maker Thomas & Betts for $3.9 billion in cash to broaden its inroads into the world's largest market for low-voltage products.

** A consortium led by South Korean retailer E-Land is among the short-listed bidders vying to buy the U.S. Major League Los Angeles Dodgers baseball franchise, Yonhap News Agency reported on Monday, estimating the price tag at between $1.2 billion and $1.5 billion for the storied team.

** News Corp, Time Warner and TPG Capital have placed bids of up to around $1 billion for the ATV-Sabah media unit of Turkey's Calik Holding, three sources close to the matter told Reuters on Monday.

** Pep Boys-Manny, Moe & Jack, an automotive aftermarket service and retail chain, said it has agreed to be bought by private equity firm Gores Group for about $791 million.

** PharMerica Corp said it hopes Omnicare Inc will end its hostile pursuit of the pharmacy services provider, after U.S. antitrust regulators moved on Friday to block Omnicare's $441 million bid.

** Siemens AG said it will buy Canada's RuggedCom Inc in a deal valued at about C$382 million ($381.41 million), topping a recent C$280 million offer from U.S. manufacturer Belden Inc.

** British bingo and casino operator Rank confirmed on Monday it is in talks with private equity-owned Gala Coral over the possible acquisition of Gala's casino business.

** Japan's Fujifilm Holdings Corp said on Monday that it has proposed an alliance with scandal-hit medical equipment maker Olympus Corp, which is looking to shore up its finances after a $1.7 billion accounting fraud.

** Italy's largest car insurer Fondiaria-SAI will ask shareholders for a bigger-than-expected 1.1 billion euro ($1.44 billion) capital increase in May as part of a rescue plan that involves a merger with rival Unipol, it said on Monday.

** Aviva, Britain's second-biggest insurer, sold its life insurance operations in the Czech Republic, Hungary and Romania to U.S. rival Metlife as part of a plan to refocus on territories where it makes the most money.

** Fidelity Investments is in talks to sell its India mutual fund business and is seeking a valuation of 10 billion rupees ($202 million) for the unit, a report on the Economic Times website said citing a person with direct knowledge of the development.

** Greece's bond swap may delay the planned merger of the country's second and third-largest lenders Alpha and EFG Eurobank because of uncertainties over losses incurred from the swap, an Alpha Bank official told Reuters on Monday.

** Starbucks Corp said it will open its first outlets in India in August or September and plans to have 50 stores in operation by the end of the year in a joint venture deal with Tata Global Beverages.

** Valeant Pharmaceuticals International said on Monday it has withdrawn its sweetened takeover bid for ISTA Pharmaceuticals Inc, citing a lack of progress.

** Russia's newest state fund made its first investment on Monday, buying a stake in Moscow's MICEX-RTS bourse to boost its IPO hopes and compete with big international centres like London for Russian company listings.

** Shareholders in Portuguese-pay TV provider Zon Multimedia have abandoned limits on voting rights, opening the way for investors to increase their stakes and raising the chances of a merger deal.



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