Deals of the day -- mergers and acquisitions

Tue Jun 24, 2008 5:16am BST
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June 24 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Tuesday.

(For Reuters columns on deals, click on [DEALTALK\]

** South Korean food group Dongwon said that it will buy canned tuna company StarKist from Del Monte Foods Co (DLM.N: Quote, Profile, Research) for about $300 million, in the latest push by South Korean food makers for global expansion. To read more, please double click on [nSEO179336]

** British gas producer BG Group (BG.L: Quote, Profile, Research) went hostile, putting a $13.1 billion bid for Australia's Origin Energy (ORG.AX: Quote, Profile, Research) direct to Origin shareholders, as it seeks to boost its position in Asia-Pacific's fast-growing gas market. [nSYD35560]

** Shares in China Oilfield Services Ltd (2883.HK: Quote, Profile, Research), an arm of the CNOOC group, jumped more than 3 percent as speculation grew about a potential takeover of Norwegian offshore driller Awilco Offshore AWO.OL [nHKG56874]

** Australian zinc and lead miner Perilya Ltd (PEM.AX: Quote, Profile, Research) rejected as inadequate a takeover proposal from CBH Resources Ltd (CBH.AX: Quote, Profile, Research), both companies said, but Perilya left the door open to further talks. [nSYD86812]

** Flowers Foods Inc (FLO.N: Quote, Profile, Research), which produces baked goods, announced it has agreed to acquire Holsum Bakery Inc in a cash and stock deal. [nN23293665]

** Italy's Banca Popolare dell'Emilia Romagna (BPER) (EMII.MI: Quote, Profile, Research) will launch a buyout offer for the 71.8 percent of its Meliorbanca MEL.MI unit it does not already own at 3.2 euros per share, BPER said. [nL23253030]

** Hospital operator Tenet Healthcare Corp (THC.N: Quote, Profile, Research) said it will sell its interest in health care services company Broadlane Inc to TowerBrook Capital Partners L.P. for proceeds of about $155 million. [nWNAS9011]  Continued...

 
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