Thursday, December 20, 2007

Deals of the day -- mergers and acquisitions

Dec 21 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Friday.

** New Zealand's Auckland International Airport (AIA.NZ: Quote, Profile, Research) said it had an expression of interest from a new potential bidder, rivalling a $1.4 billion offer from a Canadian pension fund.

** Billionaire Bill Gates' Cascade Investment LLC has taken a stake worth $392 million in Mexican brewer Femsa (FMSAUBD.MX: Quote, Profile, Research), according to a U.S. Securities and Exchange Commission filing.

** Campbell Soup Co. (CPB.N: Quote, Profile, Research) agreed to sell its Godiva Chocolatier business for $850 million to Yildiz Holding A.S., which owns the Ulker ULKER.IS Group, Turkey's largest food company.

** Vimpelcom (VIP.N: Quote, Profile, Research), Russia's second-largest mobile operator, has agreed to buy Golden Telecom Inc (GLDN.O: Quote, Profile, Research) for about $4.3 billion, the Wall Street Journal reported on its Web site.

** Dubai Drydocks World said it received acceptances for over 91 percent of shares in Singapore shipbuilder Labroy Marine (LABR.SI: Quote, Profile, Research), paving the way for Labroy to be taken private.

** Scottish soccer club Celtic Plc (CCP.L: Quote, Profile, Research) said California-based investor John Fisher's Atlas LLC bought a 3.24 percent stake in the club.

** Inverness Medical Innovations Inc (IMA.A: Quote, Profile, Research) said it will acquire Redwood Toxicology Laboratory, a privately held forensic drug testing facility and Inverness distributor, for $99 million.

** English Premier League side Birmingham City (BMC.L: Quote, Profile, Research) said takeover talks with Hong Kong-based billionaire Carson Yeung had ended.


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source: reuters.com

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