M&A

10 November, 2009

Deals of the day -- mergers and acquisitions

Nov 10 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Tuesday.

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

** Cisco Systems (CSCO.O) said investors holding 9.37 percent of Tandberg's (TAA.OL) shares had accepted the tender offer by the largest U.S. network equipment maker for the Norwegian videoconferencing company.

(To read more, click on [ID:nLA610648])

** Goldman Sachs Group Inc (GS.N) sold its 14.3 percent stake in Italian cable maker Prysmian SpA (PRY.MI) at 12 euros ($17.97) per share, brokers said.[ID:nMAT011877]

** Beijing Auto and its Swedish partner still aim to finalize plans to purchase General Motors' [GM.UL] Saab unit by the end of the year, an executive of China's fifth-biggest automaker said. [ID:nPEK287081]

** Qatar Holding LLC (QH) plans to sell up to 25 million preference shares in Volkswagen (VOWG_p.DE) worth roughly 1.8 billion euros ($2.70 billion) to boost the stock's liquidity, it said. [ID:nLA555332]

** Turkey's leading media group, Dogan Yayin (DYHOL.IS), which is in a dispute over a record tax fine, denied a media report that five of its papers were being sold to Germany's Axel Springer (SPRGn.DE). [ID:nLA605002]

** London-headquartered private equity firm BC Partners [BCPRT.UL] will buy ATI Enterprises, a Texas-based operator of 24 educational campuses, for about $500 million, the Financial Times reported on its website. [ID:nBNG115834] (Compiled by Shobhana Chadha in Bangalore)

Source: http://www.reuters.com