Monday, March 26, 2012

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

Reuters: Private Equity
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Deals of the day -- mergers and acquisitions
Mar 26th 2012, 10:20

March 26 | Mon Mar 26, 2012 6:20am EDT

March 26 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1015 GMT on Monday:

** Roche Holding AG on Monday extended its $5.7 billion cash bid for U.S. gene decoder Illumina for a second time as the Swiss drugmaker sticks to its tried and tested M&A strategy of playing a long game.

** Russian tycoon Oleg Deripaska is ready to buy RUSAL's 25 percent blocking stake in Norilsk Nickel to resolve a shareholder dispute at the world's largest aluminium producer, a source close to the RUSAL board said on Monday.

** Spain's La Caixa said on Monday its board would meet to decide on a takeover of smaller rival Banca Civica by its listed arm CaixaBank, creating the country's biggest domestic bank by assets.

** China Eastern Airlines Corp Ltd has joined with Australia's Qantas to set up a regional low-cost carrier, marking the first move by a big Chinese airline into the growing but overcrowded no-frills sector.

** Indonesian retailer PT Hero Supermarket has won rights to franchise Swedish furniture giant IKEA stores in Indonesia, the company said on Monday.

** Britain's largest garden centre operator, The Garden Centre Group, said on Monday it had agreed to sell the business to private equity firm Terra Firma in a deal which values it at 276 million pounds ($438 million).

** Italian construction group Salini has boosted its stake in Italy's Impregilo to 25.37 percent, it said in a statement on Monday, escalating a battle for control of Italy's biggest builder.

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