Monday, July 2, 2012

Reuters: Private Equity: UPDATE 1-Deals of the day -- mergers and acquisitions

Reuters: Private Equity
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UPDATE 1-Deals of the day -- mergers and acquisitions
Jul 2nd 2012, 11:24

July 2 | Mon Jul 2, 2012 7:24am EDT

July 2 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies were reported by 1100 GMT on Monday:

** Technology distributor Ingram Micro Inc will buy wireless device distributor BrightPoint Inc for about $650 million in cash to expand in the high-margin mobility segment and help offset a weaker personal computer market.

** India-focused Essar Energy Plc said it agreed to sell a 50 per cent stake in an offshore gas exploration block in Vietnam to Italian oil major Eni SpA.

** British equity firm Patron Capital said it may offer to buy out Goals Soccer Centres Plc, three months after the football centre operator said it received a preliminary approach from a Canadian pension fund.

** France's Credit Agricole is in talks with at least one bank to sell all or part of its struggling Greek unit Emporiki Bank, a Greek lender and a source familiar with the matter said.

** German industrial gas firm Linde plans to raise up to 1.5 billion euros ($1.9 billion) from selling new shares to help fund its purchase of Lincare Holdings, which will move it ahead of Air Liquide in the medical gas market.

** Micron Technology Inc will buy failed Japanese chipmaker Elpida Memory Inc for about $750 million in cash.

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