Saturday, February 2, 2013

Deals of the day - mergers and acquisitions

Feb 1 (Reuters) - The following bids, mergers, acquisitions

and disposals were reported by 1030 GMT on Friday:

** Fashion company Fifth & Pacific Cos is in the

early stages of exploring alternatives for its struggling Juicy

brand, including a potential sale, according to two people

familiar with the matter.

** Bristol-Myers Squibb Co is seeking a buyer for

some of its brands in Mexico and Brazil with any sale possible

bringing in as much as $750 million, the Wall Street Journal

reported, citing people familiar with the matter.

** MetLife Inc said it has agreed with BBVA

to buy AFP Provida S.A., the largest private pension

fund administrator in Chile, for about $2 billion in cash to

expand its presence in emerging markets.

** Dell Inc is nearing an agreement to sell itself

to a buyout consortium led by its founder and Chief Executive

Michael Dell and private equity firm Silver Lake Partners,

possibly announcing a deal as soon as Monday, according to two

people familiar with the matter.

** Japanese brewer Kirin Holdings Co Ltd said on

Friday it plans to sell its entire holdings in Fraser and Neave

Ltd to TCC Assets Ltd, giving the group led by

Thailand's third-richest man nearly 69 percent of the Singapore

drinks and real estate group.

** Italian group Autogrill may split its business

in two, a move that could unlock value at its Food & Beverage

and Travel Retail & Duty Free divisions. Autogrill said on

Friday the plan might involve a partial and proportional

demerger of its Travel Retail business.

** Chinese car maker Geely has bought Manganese

Bronze, the maker of London's black taxis, for 11 million pounds

($17.5 million), safeguarding jobs and production of the

vehicles in Britain.

Source: http://news.yahoo.com/deals-day-mergers-acquisitions-104833308--sector.html

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