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

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Deals of the day -- mergers and acquisitions Apr 17th 2012, 09:11 April 17 | Tue Apr 17, 2012 5:11am EDT April 17 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Tuesday: ** China Petrochemical Corp (Sinopec Group) is in talks with Repsol to buy the Spanish oil major's Argentine unit YPF reported on Tuesday. Citing a source close to Sinopec, Caixin.com said China's second largest oil company had reached a non-binding agreement to take over YPF for more than $15 billion. ** A Toshiba Corp unit said on Tuesday it plans to buy IBM Corp's point-of-sale terminal business for $850 million, aiming to secure clients such as Wal-mart Stores Inc and Toys "R" Us Inc in a global push. ** Ventas Inc said it agreed to buy 16 private senior living communities from affiliates of Sunrise Senior Living Inc and its institutional joint venture partner for $362 million. ** Wealth management company Edelman Financial Group Inc said on Monday investment firm Lee Equity Partners LLC had offered to take the company private in a buyout valued at about $260 million. ** Extra Space Storage Inc said on Monday it has agreed to buy out its partner Prudential Real Estate Investors from their joint venture ESS PRISA III LLC for $160 million in cash. ** Private equity firm CVC, facing heavy potential losses on its Australian TV network Nine Entertainment, plans to kick off the sale of the group's ticket agency this week when it sends information to suitors, a source said on Tuesday. ** Deutsche Telekom may look into selling its units in the United Kingdom and the Netherlands as early as next year after having given local management time to improve results, Financial Times Deutschland reported on Tuesday. ** Italian insurer Unipol laid down its conditions on Monday for pressing ahead with the rescue of peer Fondiaria-SAI, saying it wanted to own 66.7 percent of the new merged group that would become Italy's No. 2 insurer. Link this Share this Digg this Email Reprints

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