UPDATE 3-Deals of the day -- mergers and acquisitions

Thu Nov 1, 2007 8:10pm GMT
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(Adds MetroPCS, PNC Financial and others)

Nov 1 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Thursday.

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

** Altria Group Inc (MO.N: Quote, Profile, Research) said it would acquire cigar maker John Middleton Inc from privately held Bradford Holdings for $2.9 billion in cash as it continues to expand its U.S. business beyond cigarettes.

To read more, please double click on [nWEN2134]

** MetroPCS Communications Inc (PCS.N: Quote, Profile, Research) said on Thursday it withdrew a proposal for a stock-for-stock merger with Leap Wireless (LEAP.O: Quote, Profile, Research) saying it has not "been able to engage Leap in meaningful negotiations." [nN01308599]

** Japan's GCA Holdings Corp 2126.T, a mergers and acquisitions advisory firm, said it will buy U.S. peer Savvian LLC in a stock swap deal worth $780 million, seeking a bigger slice of growing cross-border deals. [nT343614]

** Navigation device maker Garmin (GRMN.O: Quote, Profile, Research) owns 5.02 percent of Dutch digital map maker Tele Atlas TA.AS, for which it has made an unsolicited 2.3 billion-euro ($3.3 billion) offer, a regulatory filing showed on Thursday. [nWEA5813]

** Tele Atlas TA.AS, which received an unsolicited rival takeover bid by Navigation device maker Garmin (GRMN.O: Quote, Profile, Research), said that TomTom (TOM2.AS: Quote, Profile, Research) has five days to raise its existing offer for the company. [nWEA5824]  Continued...

 
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