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Top deals of the day - bid, mergers and acquisitions

December 14
7:22 PM 2013

The following bids, mergers, acquisitions and disposals were reported on Saturday including ITC Holdings, Dave & Buster, Time Warner Cable, Banca Etruria, Cube Capital, Cargolux, Simon Property and Versace.

Australia's Queensland state government said it planned to auction off its Brisbane area toll roads - a sale that might raise more than $4 billion - to capitalize on strong demand for the country's infrastructure assets. 

Ivory Coast plans to sell its stakes in 15 companies, including the national telecoms operator, banks, agribusiness and a gold mine, as part of a privatization drive aimed at easing the public debt load and increasing competition. 

Entergy Corp called off a $1.78 billion plan to divest its transmission operation to ITC Holdings Corp, three days after Mississippi regulators rejected the plan. 

Chilean drugmaker CFR Pharmaceuticals sweetened its cash and stock takeover offer for South Africa's Adcock Ingram by 1.6 percent to 12.8 billion rand ($1.23 billion) on Friday in an attempt to fend off a rival bid from a local firm. 

Nationalized Austrian lender Hypo Alpe Adria got a green light for 800 million euros ($1.1 billion) in more state aid on Friday when its board approved issuing more non-voting shares that the state will buy within days. 

Restaurant and arcade chain Dave & Buster's Inc is exploring a sale or initial public offering that could value the company at more than $1 billion, according to people familiar with the matter. 

U.S. insurer American International Group is in talks to sell its aircraft leasing business to AerCap Holdings NV, a person briefed on the discussions said. 

Hungary's MOL has agreed to pay BASF $375 million for some North Sea oil and gas projects, adding a new region to its upstream business. 

India's GMR Infrastructure Ltd said a deal to sell its 40 percent stake in Istanbul's Sabiha Gokcen airport was in progress and not concluded yet, after a local newspaper reported it had sold the stake for 220 million euro ($303 million). 

India's Torrent Pharmaceuticals Ltd agreed to buy branded formulations business of rival Elder Pharmaceuticals Ltd in India and Nepal for about 20 billion rupees ($324 million) to boost its market share. 

Charter Communications Inc is preparing to send an offer letter to acquire Time Warner Cable Inc as soon as next week, a source close to the matter said. 

Ailing Spanish fishing firm Pescanova is considering a non-binding takeover offer from a consortium that includes U.S. private equity firm KKR and shareholder Damm, a domestic brewer. 

Norway's second- and third-biggest supermarket chains, Coop and Rema 1000, aim to merge their purchasing operations to lower costs, their chief executives said. 

Swedish industrial 3D printer maker Arcam is buying the metal powder division of Canada's Raymor Industries for up to C$35 million ($33 million), in a move to secure supply to meet growing demand. 

The Portuguese government will likely relaunch the privatization of national airline TAP in the first quarter of 2014, Chief Executive Fernando Pinto said. 

EchoStar Corp and Vivendi's Brazilian unit GVT said they had ended talks to set up a pay-TV venture in Brazil. 

The board of Italy's Banca Etruria has decided as soon as possible to launch a process to merge with another bank, the mid-sized lender said. 

The co-founder of hedge fund firm Cube Capital is spinning out its real estate business into a new entity, in a move that Cube said will reassure investors it is focused solely on managing hedge funds. 

Freight-only airline Cargolux approved a cooperation deal with a group of Chinese investors, paving the way for the Luxembourg government to sell its 35 percent stake in the group. 

Simon Property Group Inc, the largest owner of U.S. malls and outlet centers, will spin off its strip malls and smaller shopping centers into a publicly traded REIT to focus solely on its larger retail properties. 

An Italian state-backed fund and private equity firm CCMP Capital are the leading candidates to buy a stake in fashion house Versace, sources familiar with the matter said.  

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