Top deals of the day - Bids, Mergers and Acquisitions

By Editor

Nov 19, 2013 06:42 PM EST

The following bids, mergers, acquisitions and disposals were reported on Tuesday:

Nokia shareholders approved the sale of the company's mobile phone business to Microsoft, deciding the deal's financial benefits outweighed objections by a minority of investors upset by the sale of a Finnish national asset. 

Nokia will not pursue an acquisition of parts of Alcatel-Lucent after weighing various options related to the French telecoms gear company's business divisions, the Wall Street Journal reported on Tuesday. 

Devon Energy is close to a deal to buy privately held GeoSouthern Energy for around $6 billion, according to a person familiar with the matter. The deal could be announced as soon as this week, the source said. 

IntercontinentalExchange Group Inc said on Tuesday, less than a week after closing its $11 billion takeover of NYSE Euronext, that it plans to spin off Euronext by next summer and to wind down the Big Board parent's technology business. 

Goldman Sachs Inc's private equity arm is nearing a deal to acquire events services company PSAV Presentation Services for close to $900 million, according to people familiar with the matter. 

Exxon Mobil Corp has agreed to sell its majority stakes in a Hong Kong utility and a power storage firm for a combined $3.4 billion, helping the U.S. oil major raise funds to plough back into its core operations. 

Australian real estate trust Commonwealth Property Office Fund said on Tuesday it is considering a A$2.99 billion ($2.81 billion) takeover bid from property investor The GPT Group. 

Dutch food and chemicals group DSM will spin off its pharmaceuticals unit into a new joint venture majority-owned by private equity firm JLL Partners as the company shifts its focus toward higher-margin products. 

Coastal Energy Co said it has agreed to be acquired by Spanish oil firm Cepsa for about C$2.3 billion ($2.21 billion) including debt, in a deal that would increase Cepsa's exploration and production capabilities in Southeast Asia. 

State-run Power Grid Corp of India's sale of shares, valued at about $1.2 billion, is likely to open on Dec. 3, three sources with direct knowledge of the matter said, as part of the government's drive to revive the divestment program. 

A shareholder of South Africa's Adcock Ingram has filed a complaint with the Johannesburg Stock Exchange accusing the drugmaker's board of misleading investors over support for a $1.2 billion takeover bid, a bourse official said on Tuesday. 

Barclays Plc is exploring options for its index business after equity index provider MSCI Inc approached the British bank recently about buying the unit, according to several people familiar with the situation. 

The three existing Czech mobile operators, Telefonica Czech Republic, T-Mobile and Vodafone, won an auction of radio spectrum for 4G high-speed mobile data networks, the telecoms regulator said on Tuesday. 

PharMEDium Services LLC, a venture capital-backed provider of pharmacy compounding services to hospitals, is in discussions to sell itself for close to $1 billion, according to people familiar with the matter. 

GlaxoSmithKline said on Tuesday it planned to reduce its investment in South African drugmaker Aspen Pharmacare by one third, although it would retain a board seat and a significant shareholding. 

T-Mobile US is looking to buy wireless airwaves from larger rival Verizon Wireless to bolster its mobile network capacity for data services, a source familiar with the matter said on Tuesday. 

Britain said it would continue exploring plans to put its 159 billion pound ($256.2 billion) military equipment programme in the hands of a private firm, even after one of the two consortiums left in the running pulled out of the competition. 

Europe's fourth-biggest retailer Metro AG is considering a stock market listing of a minority stake in its Russian unit to help fund its expansion, the company said on Tuesday, confirming an earlier Reuters exclusive. 

Raiffeisen Bank International is looking at offers for its loss-making Hungarian banking unit, central and eastern Europe's No. 2 lender said on Tuesday, confirming a media report. 

Russian state-run oil company Rosneft is in talks with Morgan Stanley on buying a stake in the Wall Street bank's oil trading business, an industry publication and two industry sources said on Tuesday. 

Britain's Tesco, battling plunging profits in mainland Europe, is to sell off land around its stores in Poland for development to make the sites more attractive to shoppers. 

Pipeline operators in Ukraine and Slovakia are on the verge of signing a deal that will allow the European Union to ship gas through Slovakia to Ukraine, reducing Kiev's dependence on Russia, the European Commission and Ukraine said on Tuesday. 

Asian-inspired jewelry company John Hardy Group is exploring a potential sale, according to people familiar with the matter.Bali-based John Hardy, a portfolio company of British private equity firm 3i Group PLC, has hired Rothschild to conduct a sales process, which is in the early stages, the sources said. 

Canadian paper and pulp products maker Domtar Corp said it would buy privately held Spanish diaper maker Laboratorios Indas, as it tries to expand its personal care business and reduce exposure to weak pulp prices. Domtar will pay 285 million euros ($386 million) to private equity firms Portobello and Santander's Vista Capital to buy Indas. It will also repay most of Indas' 140 million euros debt after the deal closes. 

Frontline 2012, the unlisted tanker arm of shipping tycoon John Fredriksen, sold eight very large new gas carriers to Avance Gas Holdings for $75 million each, the company said on Tuesday. 

CBOE Holdings Inc is open to licensing new products and acquiring technology but only within its options-focused comfort zone, top executives said on Tuesday. CBOE, which owns the largest U.S. stock-options market, is interested in new products the company can offer exclusively or semi-exclusively, Chief Executive Ed Tilly said in a webcast of a Keefe, Bruyette & Woods conference in New York. 

Telecommunications company CenturyLink Inc said on Tuesday it has bought cloud computing startup Tier 3 Inc as part of its acquisition strategy that allows it to compete with the likes of Amazon Inc, IBM Corp and Verizon Communications Inc's Terremark. 

German stock exchange operator Deutsche Boerse AG has no interest in buying European exchange group Euronext, sources close to the Germany-based group said. 

KBC Ancora and Cera, two large shareholders of Belgian financial group KBC, sold part of their stakes in the group in a private placement at 39.15 euros per share, below Monday's closing price. 

Prague is seeking a utility industry investor to buy E.ON's stake in the holding company that owns the municipal gas company as it moves to wrest back control of the Czech capital's gas assets, its deputy mayor said on Tuesday. 

Daimler AG said it will take a 12 percent stake in China's BAIC Motor. BAIC Motor will take 51 percent of the manufacturing joint venture with Daimler while the German automaker takes 51 percent of the sales joint venture with BAIC Motor. 

Singapore warehouse and industrial park developer Ascendas Pte Ltd said on Tuesday it has set up a program with a target asset size of S$600 million ($481 million) to invest in Indian real estate, focusing on business space. 

New Zealand's government has raised NZ$365 million ($305 million) by selling 20 percent of flag carrier Air New Zealand Ltd to help return its budget to a surplus and repay debt. 

Travel groups Thomas Cook, TUI Travel, Deutsche Lufthansa and Virgin Atlantic have agreed to sell the majority of their stakes in The Airline Group, which owns a large share in Britain's National Air Traffic Services (NATS). 

Mineral sands producer Sierra Rutile, majority owned by specialist investment fund Pala Investments, said it was in takeover talks with unnamed parties. 

Embattled Indian trading platform provider Financial Technologies (India) Ltd is selling its Singapore Mercantile Exchange unit to Intercontinental Exchange Group Inc for $150 million. 

U.S. private equity firm Blackstone Group LP and Indian developer Panchshil Realty are close to buying a majority stake in an office tower in Mumbai for about 9 billion rupees ($144 million), two sources with direct knowledge of the matter said. 

OGX Petroleo e Gas Participacoes SA, the Brazilian oil producer that filed for bankruptcy protection, is reviewing legal options after Malaysia's Petroliam Nasional Bhd canceled its agreed purchase of a stake in two OGX oil blocks. 

Rio Tinto Ltd, one of the world's top mining companies, has sold most of its stake in aluminum products maker Constellium NV for about $330 million, according to a regulatory filing on Monday. 

Several large international firms on Monday entered the race to operate two airports in Brazil, a government official told Reuters, a sign of interest from global players even as air traffic in the country slows from years of double-digit growth.Spain's Ferrovial, the operator of London's Heathrow airport, and Brazilian engineering firm Queiroz Galvao created a consortium to bid for Rio de Janeiro's Galeao airport. French and Dutch operator Aeroports de Paris and Schiphol teamed up with Brazil's Carioca Engenharia to bid for the same airport. 

TriArtisan Capital Partners is in the lead to acquire CKE Inc, the restaurant group that owns the Carl's Jr and Hardees fast food chains, in a deal approaching $2 billion, according to people familiar with the matter. The little known private equity firm, a unit of investment bank Morgan Joseph, has emerged as the frontrunner in an auction that also drew interest from Roark Capital Group, Carlyle Group LP and Onex Corp, the people said on Monday, adding that the process is in the final stages. 

Spanish oil firm Repsol said on Monday that it is no longer selling a Peruvian refining facility it had earlier placed on the market. 

Britain's Rolls-Royce Plc has entered into a strategic agreement with Abu Dhabi's Mubadala Aerospace that will allow the government-owned company to service the manufacturer's Trent XWB engines. 

Mexican billionaire Carlos Slim is not looking to purchase a 10 percent stake in Spanish oil company Repsol, A spokesman said on Tuesday, disputing a report in a Spanish newspaper. 

German television maker Loewe AG said it had entered the final phase of talks with two possible buyers for the company. The troubled maker of high-end TVs filed for insolvency last month after failing to keep up with mass-market rivals such as Samsung and LG Electronics amid a slide in the average price of TV sets. 

Poland's JSW, the biggest coking coal producer in the European Union, aims to buy a major coal mine from Kompania Weglowa by mid-2014 but the deal risks being obstructed by trade unions, JSW's chief executive said on Tuesday. He did not disclose a price. 

Israel's Teva Pharmaceutical Industries will join forces with Australian vitamins, minerals, and supplements company Swisse Wellness through Teva's joint venture with Procter & Gamble Co, PGT Healthcare.  

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