Deals of the day -- mergers and acquisitions

By Staff Reporter

May 07, 2012 11:26 AM EDT

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Monday:

** Micron Technology won the right to negotiate exclusively to buy Elpida Memory Inc after offering more than 200 billion yen ($2.5 billion) for the failed Japanese chipmaker, a source with direct knowledge of the deal said, paving the way for the U.S. company to more than double its global market share.

** The buyer group for private equity fund MBK Partners' Taiwan cable television business said on Monday it might have to pull out of the $2.4 billion deal because of delays in the regulatory approval that it said had cost it an extra $300 million.

** Japanese trading house Marubeni Corp is interested in buying U.S. grain and energy trader Gavilon, but no progress has been made in talks, President Teruo Asada said on Monday.

** Dutch food ingredients company CSM has put its bakery supplies unit up for sale to focus on more profitable bio-ingredients used in a range of goods from salad dressings and household detergents to icings and cake fillings.

** Shares in Egypt-based investment bank EFG Hermes rose on Monday following the announcement of an agreement with Qatar's QInvest to form a region-wide investment bank.

QInvest will control 60 percent of the new bank, which will be called EFG Hermes Qatar, and will provide $250 million to increase its capital.

** Indian drugmaker Elder Pharmaceuticals is exploring options to sell its nutrition products business, two sources with direct knowledge of the development said.

This article is copyrighted by Reuters
 

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics