M&A

20 November, 2009

MERGERS/DEALS (UPDATE 2)

** Troubled Dubai mortgage firms Tamweel TAML.DU and Amlak AMLK.DU would welcome a further injection of government funds as they look to complete a long-awaited merger by March, Tamweel's chairman said. [ID:nLK573283]

** Deutsche Telekom (DTEGn.DE), Europe's largest telecoms company, is looking for a partner for its U.S. mobile communications business, German paper Handelsblatt reported. [ID:nLK604530]

** The two main owners of Polyus Gold (PLZL.MM) have decided not to sell a 5 percent stake in Russia's largest gold miner after failing to collect enough bids from investors, a market source told Reuters. [ID:nLK586825]

** European Union regulators extended the deadline for their review of plans by U.S. software company Oracle (ORCL.O) to buy computer maker Sun Microsystems (JAVA.O) for $7 billion. [ID:nBFA000982]

** Petroplus (PPHN.VX), Europe's largest independent oil refiner, may have to shelve an acquisition drive and save money in the face of tough trading conditions -- and could even find itself a takeover target. [ID:nL490189] (Compiled by Tina Kwan in Singapore and Fareha Khan in Bangalore)

Source: http://www.reuters.com