M&A

25 November, 2009

Deals of the day -- mergers and acquisitions

Nov 25 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT on Wednesday.

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

** China Strategic (0235.HK) said it would raise its investment stake in Taiwan's Chinatrust (2891.TW) if Chinatrust lifts its stake in AIG's (AIG.N) unit Taiwan Nan Shan Life from China Strategic's holding. To read more, please double click on [ID:nTPU001903]

** Australian nickel miner Minara Resources Ltd (MRE.AX) will submit a joint bid with a Chinese firm for BHP Billiton Ltd's (BHP.AX) (BLT.L) Ravensthorpe nickel operation, a source familiar with the bid told Reuters. [ID:nSYU009078]

** Asia-focused private equity firm Unitas Capital received nine bids for South Korean retailer Buy The Way, most in excess of $260 million, a source familiar with the situation. [ID:nSP477516]

** Windstream Corp (WIN.N) has agreed to buy Iowa Telecommunications (IWA.N) for $530 million, excluding $598 million of debt, as it looks to offset declining revenue from continued disconnections of home phones. [ID:nN24310222]

** Capmark Financial Group Inc [CPFNG.UL] said it would sell its mortgage servicing business to a Berkshire Hathaway-Leucadia joint venture which raised its bid on Monday to about $468 million. [ID:nN24314498] (Compiled by Tina Kwan in Singapore) ((tina.kwan@reuters.com; Reuters Messaging: tina.kwan.reuters.com@reuters.net +65 6870 3924))

Source: http://www.reuters.com