M&A Navigator: Deal pipeline - 16 March.
MANews-(C)2009-2012
The following is a list of deals covered in detail by M&A Navigator this week:
- URS ACQUIRES COLLECTION SERVICES FIRM IN ILLINOIS
US accounts receivable management services provider United Recovery Systems LP (URS), part of investor Audax Group, said it had taken over Illinois-based collection services firm Enterprise Recovery Systems Inc (ERS).
Status: Closed
- RUSSIA'S GAZPROM MULLS BID FOR GREEK GAS GROUP DEPA
Gazprom OJSC (MCX:GAZP) said it had discussed a potential bid for Greek state-controlled natural gas group DEPA with the Russian gas majorâ[euro](tm)s local joint venture, Prometheus Gas SA.
Status: Talks, Bidding
- AMR CORP DOES NOT RULE OUT MERGER - REPORT
AMR Corp, American Airlinesâ[euro](tm) parent which filed for bankruptcy in 2011, is not ruling out a merger with another carrier.
Status: Bidding
- UST GLOBAL BUYS MOBILE APPS SPECIALIST ANDARE
US IT services provider UST Global Inc said in a statement it had acquired local mobile applications firm Andare LLC for a non-specified amount.
Status: Closed
- ATLAS RESOURCE PARTNERS BUYS CERTAIN CARRIZO OIL & GAS ASSETS FOR USD190M
US oil and gas exploration firm Atlas Resource Partners (NYSE:ARP) said it had struck a final deal to buy certain gas assets of local energy firm Carrizo Oil & Gas Inc (NASDAQ:CRZO) agreeing to pay USD190m (EUR146m).
Status: Agreed
- ADMINISTRATORS EXTEND BID DEADLINE FOR PETROPLUS REFINERY IN FRANCE
The administrators of Swiss oil refiner Petroplus Holdings SA's (VTX:PPHN) Petit-Couronne unit in France extended to 5 April from 15 March the deadline for bids to buy the refinery, Petroplus Raffinage Petit-Couronne (PRPC) said in a statement.
Status: Bidding
- ECT I NEGOTIATES TIE-UP WITH BELGIAN ELECTRAWINDS
Luxembourg-based special purpose acquisition firm European CleanTech I SE (FRA:ECT), or ECT I, said it is holding discussions about a possible tie-up with Belgian cleantech firm Electrawinds NV.
Status: Talks
- BAWAG NO LONGER SEEKING MERGER WITH VOLKSBANKEN
Byron Haynes, CEO of Austrian lender BAWAG PSK, said his bank was no longer keen to merge with bailed-out sector player Volksbanken and will not resume talks on the tie-up that were frozen 18 months ago.
Status: Terminated
- MPS FOUNDATION TO SELL LESS BANCA MONTE DEI PASCHI SHARES - REPORT
Monte dei Paschi di Siena (MPS) Foundation has reduced to between 12% and 13% from 15.5% the volume of Banca Monte dei Paschi di Siena SpA (BIT:BMPS), or MPS, shares it plans to sell.
Status: Speculation, Auction
- SANOFI TO TAKE OVER MEDICAL DEVICE FIRM PLUROMED
French drug maker Sanofi SA (EPA:SAN) said it had agreed to take over US medical device company Pluromed Inc, in a bid to enhance its biosurgery portfolio.
Status: Agreed
- US AED BUYS IRISH OIL EXPLORER RESERVOIR RESOURCES
US energy firm American Energy Development Corp (OTCBB:AEDC), or AED, said it had taken over Ireland-based Reservoir Resources Ltd, holder of the Windsor Prospect licence for the oil and gas Weald Basin in the UK, in a USD12.5m (EUR9.6m) all-stock deal.
Status: Closed
- FOUR INVESTORS POUR USD1.6BN INTO CHINESE ASSET MANAGER CINDA
Swiss bank UBS AG, British Standard Chartered Plc (LON:STAN), CITIC Capital and Chinaâ[euro](tm)s pension fund National Social Security Fund have invested a total CNY10.4bn (USD1.6bn/EUR1.3bn) in Chinese Cinda Asset Management Corp in exchange for a 16.5% stake in the asset manager, the target firm said in a statement.
Status: Closed
- UNIVERSAL MAY OFFER NO REMEDIES FOR EMI DEAL YET - REPORT
Universal Music Group Inc, part of French media group Vivendi SA (EPA:VIV), is not likely at this time to propose any remedies to win the approval of the European Commission (EC) for its USD1.9bn (EUR1.5bn) takeover of British EMIâ[euro](tm)s recorded-music unit.
Status: Agreed
- ADMINISTRATOR DISPOSES OF SOME SOLAR MILLENNIUM ASSETS
The insolvency administrator of German solar power specialist Solar Millennium has sold various parts of the company for an undiclosed price.
Status: Closed
- SANOMA WRAPS UP EUR181.5M SALE OF DNA STAKE
Finnish diversified media group Sanoma Corp (HEL:SAA1V) said in a statement it had finalised the sale of its 21.11% stake in local telecommunications company DNA Ltd for EUR181.5m (USD237.1m) in cash.
Status: Closed
- SIEMENS CLOSES TAKEOVER BID FOR CANADA'S RUGGEDCOM
German engineering giant Siemens AG (ETR:SIE) said it had concluded its bid to acquire RuggedCom Inc (TSE:RCM) after securing 97.6% of the Canadian communications equipment firm.
Status: Agreed
- SOUTHEASTERN ASSET MANAGEMENT TRIMS HOLDING IN OLYMPUS TO 3.95%
US fund Southeastern Asset Management said in a regulatory filing it had slashed its shareholding in Japanese electronics giant Olympus Corp (TYO:7733) to 3.95%.
Status: Closed
- BAYER DOUBTS SUCCESS OF BID FOR PFIZER'S ANIMAL-HEALTH UNIT - REPORT
German drug maker Bayer AG (ETR:BAYN) does not believe there is too much of a chance for it to succeed in buying the animal-health subsidiary of US biopharmaceutical company Pfizer Inc (NYSE:PFE).
Status: Bidding, Speculation
- INTERRAO OFFERS TO BUY OUT OGK-1, OGK-3 MINORITIES
Russian power producer and trader InterRAO UES (RTC:IRAO) said it had offered to buy out minority shareholders in OGK-1 (RTD:OGKA) and OGK-3 (MCX:OGKC) and take full control of the two domestic power utilities.
Status: Bidding
- INTERRAO WANTS TO SELL STAKE TO INVESTORS
Russian energy producer and trader InterRAO (MCX:IRAO) is negotiating with interested parties the sale of a 2% to 3% stake in itself and aims at a premium price, Ilnar Mirsiyapov, the groupâ[euro](tm)s chief of strategy and board member, told reporters.
Status: Talks
- AMUR SHIPYARD SHAREHOLDERS FAIL TO CLEAR DEAL WITH UCS
Russian Amur Shipyard said in a statement that its shareholders did not greenlight the planned share purchase by state-run United Shipbuilding Corp (USC).
Status: Terminated
- INTERRAO CLEARS SALE OF ENEL OGK-5 STAKE TO FUNDS
State-owned Russian Direct Investment Fund (RDIF), part of the group buying InterRAOâ[euro](tm)s (MCX:IRAO) stake in Enel OGK-5, said in a statement that the energy trader had cleared the divestment of its 26.43% stake in the wholesale power generator.
Status: Agreed
- CARLYLE'S STAKE IN TA CHONG LURES NO BUYERS
The planned sale of the stake held by US private equity firm The Carlyle Group LP in Taiwanese Ta Chong Bank Ltd (TPE:2847) had not yet drawn the attention of any potential buyers.
Status: Auction
- TOKYO...
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