M&A

11 November, 2009

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

** Shares in UK life insurer Legal & General (LGEN.L) rose 6.4 percent, with traders citing renewed market talk of a break-up bid, led by Resolution (RSL.L). [ID:nLB667320]

** The private equity backers of Danish telecoms group TDC (TDC.CO) are meeting banks this month as they look to line up advisers to sell part of their $7.4 billion stake, people familiar with the matter said. [ID:nLB640973]

** Barrick Gold Corp (ABX.TO) could sell off a nickel project in Tanzania and other non-core assets to fund other projects or acquisitions, Chief Executive Aaron Regent said. [ID:nN11366875]

** The Indian government will take at least a year to divest equity in state-run trading firm MMTC Ltd (MMTC.BO), the company's chairman, Sanjiv Batra, told reporters. [ID:nBMA006409] (Compiled by Tina Kwan in Singapore and Shobhana Chadha and Fareha Khan in Bangalore)

Source: http://www.reuters.com