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Deals of the day -- mergers and acquisitions

Reuters - Saturday, September 6

Sept 5 - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday.

** Samsung Electronics Co Ltd <005930.KS>, the world's top maker of memory chips, said it may buy flash memory maker SanDisk <SNDK.O>, which is valued at $3.2 billion, in a deal that could reshape a struggling industry.

To read more, please double click on [nSEO162748]

** Philip Morris International <PM.N> said it will extend its offer of about C$2 billion to buy Canada's No. 2 cigarette maker, Rothmans Inc <ROC.TO>, to Sept 16, pending a Canadian regulatory review. [ID:nN05506875]

** Dell Inc <DELL.O> is trying to sell computer factories around the world in efforts to cut cost and improve profitability, the Wall Street Journal said. [ID:nBNG84395]

** Drugmaker Alpharma Inc <ALO.N>, which is fighting off a $1.4 billion takeover bid from King Pharmaceuticals Inc <KG.N>, has outlined details of a previously announced shareholder rights plan. [ID:nN05473920]

** Cigarette company Altria Group Inc <MO.N> is in advanced talks to buy Skoal and Copenhagen smokeless tobacco maker UST Inc <UST.N>, a source familiar with the discussions told Reuters. [ID:nBNG244263]

** A consortium led by Japanese trading house Marubeni Corp <8002.T> is poised to win an auction to buy Singapore's Temasek-owned Senoko Power, with an offer of more than S$3.5 billion , sources said. [nSIN296167]

** Blackstone Group LP <BX.N> and Kohlberg Kravis Roberts & Co [KKR.UL] are each looking to buy parts of Lehman's <LEH.N> real estate and asset management units, sources familiar with the situation said. [ID:nN05258522]

** The cost to insure debt of Lehman Brothers <LEH.N> rose amid doubts about the likelihood of an acquisition of the investment bank by state-controlled Korea Development Bank [KDB.UL]. [ID:nN05416382]

** Teranet Income Fund <TF_u.TO> said it has formed a special committee to examine a hostile takeover bid by Borealis Infrastructure Management, worth more than more than C$2 billion . [ID:nN05466570]

** Phase Forward Inc <PFWD.O>, a provider of software used in collecting drug trial information, said it bought a privately held provider of web-enabled clinical-trial management technology, Clarix LLC, for $40 million in cash to enhance its product offering. [ID:nBNG213151]

** GDF Suez <GSZ.PA> is in exclusive talks with the Dutch NAM oil venture, owned by Royal Dutch Shell <RDSa.L><RDSb.L> and Exxon Mobil <XOM.N>, to buy offshore assets worth 1.075 billion euros , the French utility said. [ID:nL5608892]

** Shanghai Zhenhua Port Machinery <600320.SS> said it will buy operating assets worth 3.02 billion yuan from its parent via a private placement. [nSHA350987]

** French utility EDF <EDF.PA> has moved closer to a deal to buy nuclear generator British Energy <BGY.L> after fruitful talks with some of the company's biggest investors, the Financial Times said. [ID:nBNG322126]

** British Energy <BGY.L> has not held merger discussions with British Gas-owner Centrica <CNA.L> and is still talking exclusively with France's EDF <EDF.PA>, a source familiar with the situation said. [ID:nWLA9124] (Compiled by Tina Kwan in Singapore, Aftab Ahmed and Amiteshwar Singh in Bangalore)

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