Deals of the day -- mergers and acquisitions

By Staff Reporter

Sep 18, 2012 09:23 AM EDT

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

** The U.S. Defense Department needs more details to be able to assess the security implications of a possible merger of BAE Systems Plc and EADS, U.S. Air Force Secretary Michael Donley said on Monday.

** New price guidance for the sale of a 7.6 percent stake in Sberbank Rossi OAO has been set at 92-94 roubles ($3.01-$3.07) per share, up from the lower end of 91 roubles announced on Monday, three banking sources told Reuters on Tuesday.

Sberbank, in which the Russian state is selling a 7.6 percent stake worth over $5 billion, plans to close the order book at 1330 GMT on Tuesday, one source close to the deal said earlier.

** Private equity groups 3i Group Plc and Allianz Capital Partners are considering the sale of Scandlines GmbH, hoping for up to 1.4 billion euros ($1.8 billion) for a ferry group that carries 12 million passengers around the Baltic.

** Dole Food Company Inc will sell two businesses to Itochu Corp for $1.7 billion in cash - a deal that will help the world's largest fruit and vegetable producer pay down its heavy debt load while expanding Itochu's food presence in new markets such as China.

** Tepco is in late-stage talks to sell a majority stake in its data center business for around 50 billion yen ($634 million) to Secom Co, Japan's largest security firm, the Nikkei business daily reported on Tuesday.

** China's Meijin Energy Group has bid A$435 million ($457 million) for diversified miner Western Desert Resources Ltd , marking a possible return of appetite for Australian miners as falling commodity and share prices open up bargains.

** Time Warner Cable Inc has put a process in motion to sell its stake in wireless service provider Clearwire Corp , according to a regulatory filing.

** Danish banks Spar Nord Bank A/S and Sparbank A/S are to merge to create an enlarged group with nationwide coverage and be in a better position to be competitive in the retail and commercial customer segments, improving earnings.

** Brazilian-Swiss private bank Safra said it was set to control 90.47 percent of Sarasin after an offer to minority shareholders, adding it had extended the offer to Oct. 5 in the hope of getting more acceptances.

** The head of luxury shoemaker Tod's SpA, Diego Della Valle, has increased his stake in RCS Mediagroup which publishes Italy's influential daily Corriere della Sera, to 8 to 9 percent.

** U.S. bondholders who have been battling Elpida Memory Inc's planned sale to Micron Technology Inc revealed on Monday the bankrupt Japanese chipmaker had carried out "unauthorized" dealings involving its U.S. assets.

This article is copyrighted by Reuters

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