Mergers & Acquisitions

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UPDATE 1-Private equity eyes $13 bln Bayer plastics business - sources

(Adds details throughout on planned listing and potential bidders and valuation)

REFILE-Private equity eyes $13 bln Bayer plastics business - sources

FRANKFURT/LONDON, Oct 22 - Private equity firms are circling Bayer's 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker's plan to list the division, two people familiar with the matter said on Wednesday.

IPOs, Private Capital 6:07pm BST

UPDATE 2-GSK eyes prime FTSE 100 slot for standalone HIV drugs business

* Company going through "painful" period as Advair slides

BRIEF-Synthomer to buy 50 pct of Eka Synthomer from Akzo Nobel

* Acquired remaining 50% of Eka Synthomer owned by Akzo Nobel

3:04pm BST

BRIEF-CVC Capital Partners buys Finland's Paroc for 700 mln euros

* Enterprise value approximately 700 mln euros ($887 million)

Private Capital 2:14pm BST

Russia's Sistema buys stake in fashion retailer

MOSCOW, Oct 22 - Russian oil-to-telecoms conglomerate Sistema has acquired a minority stake in mass-market clothing company Concept Group, increasing its exposure to the fast-growing retail market.

1:49pm BST

CORRECTED-African Minerals chairman looks to buy London Mining's Marampa mine

(Corrects headline and paragraph 1 to say Timis is chairman of African Minerals, not CEO)

Global Market Data 1:04pm BST

UPDATE 2-BGC launches formal $675 mln offer for rival broker GFI

* BGC commences all-cash tender offer of $5.25 a share for GFI

GlaxoSmithKline holds dividend, eyes IPO of HIV unit

LONDON, Oct 22 - GlaxoSmithKline kept its dividend unchanged for the third quarter, breaking a run of steadily rising payouts, as U.S. pricing pressure on its top-selling lung drug Advair eroded sales and profit.

UPDATE 2-Daimler eyes $780 mln boost from surprise sale of Tesla stake

* Stake sale to bring 2014 EBIT gain (Adds analyst comment, valuation multiples)

Regulatory News 11:16am BST
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Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

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