June 1, 2007 / 6:23 AM / 11 years ago

Deals of the day -- mergers and acquisitions

June 1 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT on Friday. (For Reuters columns on deals, click on [DEALTALK])

** The family that controls Dow Jones & Co. DJ.N said for the first time it would consider selling the publisher of the Wall Street Journal to Rupert Murdoch’s News Corp. NWSa.N, dropping its outright opposition to his $5 billion bid. To read more, please double click on [nN31262715]

** Japanese buyout firm Advantage Partners LLP is gathering 320 billion yen ($2.63 billion) of financing to acquire the regional lender Tokyo Star Bank Ltd. 8384.T, sources familiar with the matter said. [nT112022]

** James Packer, Australia’s richest man, has handed control of his family’s media assets to private equity partner CVC [CVC.UL] and offloaded events and ticketing interests to focus on a fast-expanding gaming empire. [nSYD301842]

** New Zealand’s competition regulator is considering blocking a takeover of retailer The Warehouse Group Ltd. (WHS.NZ), a source said, because of concerns on competition. [nSYD234091]

** Chinese power equipment maker Guangdong Macro Co. 000533.SZ said it will set up a venture in south China with France’s Areva CEPFi.PA, the world’s biggest maker of nuclear reactors, with total investment of 2 billion yuan ($262 million). [nSHA87470]

** Finnish electronics firm Elektrobit EBG1V.HE is to sell its Production Solutions business to Germany’s Rohwedder RWDG.DE for 29 million euros ($39 million) as it focuses on core operations, the company said. [nL01508776]

** Pacific Century Group, a private investment group controlled by Hong Kong billionaire Richard Li, said it is part of a bidding group led by Cerberus Capital Management L.P. that is pursuing a deal for Canadian telecommunications company BCE Inc. (BCE.TO) [nHKG93992]

** Mexico’s Cemex (CMXCPO.MX) (CX.N) said it has increased its interest in takeover target Rinker Group Ltd. RIN.AX, as it ramps up pressure on shareholders to accept its $14 billion takeover bid. [nSYD297130]

** Thailand’s Shin Satellite PCL SATT.BK said it would sell its 49-percent stake in wholly-owned Shenington for $200 million, diluting Shin Sat’s investment in telephone businesses in Laos and Cambodia. [nBKK286196]

** Metallica Minerals Limited (MLM.AX) said that top Chinese tin producer Yunnan Tin Group’s unit in Australia had agreed to buy a 5 percent stake in it for A$5.9 million ($4.0 million). [nHKG99670]

** Tollgrade Communications Inc. TLGD.O said it agreed to acquire the broadband test division of electronics test equipment maker Teradyne Inc. (TER.N) for $12 million in cash. [nWNAS2932]

** The Jean Coutu Group Inc. PJCa.TO said it expects the sale of its U.S. network of Brooks and Eckerd stores to Rite Aid Corp. (RAD.N) to close as early as June 4, pending approval by the Federal Trade Commission. [nWEN8515]

** Chili’s Grill & Bar parent Brinker International Inc. (EAT.N) said its board of directors approved an increase of $300 million to its share repurchase program. [nN31258153]

** Bank holding company Community Trust Bancorp Inc. (CTBI.O) said it agreed to acquire Eagle Fidelity Inc., based in Williamstown, Kentucky, in a deal valued at about $37 million. [nWNAS2927]

** Teekay Shipping Corp. (TK.N) and A/S Dampskibsselskabet TORM (TRMD.O) said Omaha Inc., a jointly owned unit of the companies, paid for the 49.8 million shares tendered by holders of oil-tanker company OMI Corp. OMM.N. [nWNAS2923]

** Ethanol producer US BioEnergy Corp. USBE.O agreed to buy Millennium Ethanol LLC for about $135 million in cash, stock or a combination of the two. [nWNAS2922]

** Communications equipment maker Harris Corp. (HRS.N) agreed to buy privately held Multimax Inc. for $400 million in cash to expand its technical services business. [nBNG299925]

** Energy and power producer Dominion Resources Inc. (D.N) said it would merge its Consolidated Natural Gas Co. unit into the parent holding company in an effort to cut costs and streamline its corporate structure. [nWNAS2902]

** U.S. insurance brokerage Arthur J. Gallagher & Co. (AJG.N) said it acquired retail insurance broker and group captive administrator Woods & Grooms Inc. [nWNAS2898]

** Information technology staffing services provider COMSYS IT Partners Inc. CITP.O said it will acquire Plum Rhino Consulting LLC, a specialty finance and accounting staffing services provider. [nWNAS2893]

** Communications equipment maker Harris Corp. (HRS.N) agreed to buy privately held Multimax Inc. for $400 million in cash to increase its technical services business. [nWNAS2897]

** Western Refining Inc. WNR.N completed its $1.13 billion purchase of rival Giant Industries Inc. GI.N after a federal appeals court denied a last-minute effort by the Federal Trade Commission to block the deal. [nN31209037]

** Pitney Bowes Inc (PBI.N), the biggest maker of postage machines, said it had completed a $40 million deal to buy privately held professional services firm Digital Cement Inc. [nWEN8500]

** Strategic Hotels & Resorts, Inc. BEE.N said a unit of GIC Real Estate Pte Ltd will acquire a 49 percent interest in the company’s InterContinental Chicago and Hyatt Regency La Jolla hotels for $450 million. [nWNAS2890]

** The U.S. Justice Department said Monsanto Co.’s MON.N $1.5 billion acquisition of top cotton seed producer Delta and Pine Land Co. DLP.N would be allowed, but the companies would have to sell a range of key assets. [nN31219746]

** Dutch food group Nutreco NUTR.AS said it has acquired the remaining 40 percent of Tenusa Trouw Nutrition Mexico it did not already own, without disclosing financial details. [nWEA3396]

** Queensland Cotton Holdings Ltd. QCH.AX said it had received a sweetened bid of A$5.85 a share from Louis Dreyfus, and recommended the offer over an earlier one from Singapore’s Olam International (OLAM.SI). [nSYU002463]

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