Deals of the day -- mergers and acquisitions
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.
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