Reuters: Private Equity: Deals of the day -- mergers and acquisitions

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Deals of the day -- mergers and acquisitions Mar 22nd 2012, 09:40 March 22 | Thu Mar 22, 2012 5:40am EDT March 22 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0930 GMT on Thursday. ** Part-nationalised British bank Lloyds has agreed to sell a 500 million pounds ($792.4 million) portfolio of mostly UK leveraged loans to private equity firm Bain Capital's Sankaty Advisors unit, said sources with knowledge of the matter. ** Sony Corp said on Thursday it will sell off part of a chemical and device subsidiary that makes films and adhesives used in televisions, cameras and mobile phones to state-backed Development Bank of Japan Inc. The company said a purchase price had not been decided. The Nikkei business daily reported earlier that the bank would pay 30 billion to 40 billion yen ($360 million to $480 million) for the purchase. ** The $2 billion term loan for Mumbai-listed Tata Communications Ltd (TCL) financing its potential bid for London-listed Cable & Wireless Worldwide is close to being finalised, with an arranger group comprising 4-5 banks likely to be in place in the next few days, according to sources familiar with the situation. ** Zynga Inc is buying OMGPOP, maker of the popular game "Draw Something", for about $200 million in its biggest acquisition to date as the company moves to expand its games on mobile devices and Facebook, it said on Wednesday. ** U.S. department store operator Neiman Marcus Group Inc said on Wednesday it would venture into China's fast-growing luxury retail market for the first time, seeking to build a presence there via the web. Neiman will invest $28 million in fashion website Glamour Sales Holding which will help it establish an e-commerce website by the end of 2012. ** Graphite India said it disposed of its entire shareholding in its wholly owned foreign subsidiary, Carbon International Holdings NV, for about Euro 4.59 million. ** Ericsson, the world's top mobile network equipment maker, has increased its stake in joint venture LG-Ericsson as it looks to consolidate its position in the fast-growing South Korean market. ** General Electric Co said it would acquire majority interest in Advanced Systek of India. ** Aegon NV bought 50 percent stake in Spanish insurer Liberbank vida. Aegon already had an alliance with the life insurer. ** France's Casino said on Wednesday it will exercise its right to become the sole controlling shareholder of Pao de Acucar, a move set to reduce the influence of the hard-charging chairman at Brazil's biggest retailer after an ownership struggle last year. ** Telenor's Indian cellular joint venture partner, Unitech Ltd, is "in principle" ready to sell its stake to the Norwegian company but wants a "fair" valuation, a source with direct knowledge of the matter said on Wednesday. Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions