M&A

3 November, 2009

MERGERS/DEALS (UPDATE 3)

** Tech heavyweights Cisco Systems Inc (CSCO.O) and EMC Corp (EMC.N) dampened speculation of a merger as they unveiled a partnership to take on rivals Hewlett-Packard Co (HPQ.N) and IBM (IBM.N). [ID:nN03474720]

** Fisker Automotive Inc, the builder of luxury plug-in hybrids, has picked a large distributor to sell its vehicles in Europe and is looking to sign a similar deal in China, its chief executive told Reuters. [ID:nN03503054]

** U.S. officials have asked for more information about the planned sale of MDS Inc's (MDS.TO) (MDZ.N) Analytical Technologies Division to Danaher Corp (DHR.N), the companies said. [ID:nN03484631]

** French construction group Bouygues (BOUY.PA) said it sold a further 35.7 percent of its Finagestion subsidiary to Emerging Capital Partners (ECP) for an undisclosed amount. [ID:nL3677253]

** French carmaker PSA Peugeot Citroen (PEUP.PA) has no plans to pull out of car parts firm Faurecia (EPED.PA) despite seeing its controlling stake diluted as part of a U.S. acquisition, the head of Faurecia said. [ID:nL3528760]

** Landry's Restaurants (LNY.N) said it agreed to a new offer from its chief executive to take the company private for $14.75 per share, or about $1.2 billion in cash. [ID:nBNG519535]

** A federal bankruptcy judge approved the sale of the Phoenix Coyotes to the National Hockey League. [ID:nN02458386] (Compiled by Tina Kwan in Singapore and Shobhana Chadha and Fareha Khan in Bangalore)

Source: http://www.reuters.com