Deals of the day- Mergers and acquisitions

Thu Oct 24, 2013 4:02pm EDT
 
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Oct 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** McKesson agreed to buy German peer Celesio for $8.3 billion, including debt, forging a global market leader in drugs distribution to boost its purchasing power with pharma majors. McKesson, the largest U.S. drugs wholesale group, struck a deal to purchase the 50.01 percent stake in Celesio owned by the diversified holding company Franz Haniel & Cie and is offering to buy up the remaining shares for 23 euros ($31.7) apiece, it said.

** A private consortium is seeking to raise a $2.1 billion syndicated loan to back the purchase of an 81 percent stake in US insurer American International Group's aircraft leasing unit ILFC Holdings Inc, banking sources said on Thursday.

** Bain Capital LLC, Crestview Partners LP and Goldman Sachs Group Inc's private equity arm are among the firms preparing to submit final bids for events services company PSAV Presentation Services, three people familiar with the matter said. Kelso & Co, the private equity firm that acquired PSAV for $413.4 million in 2007, is hoping to fetch as much as $1 billion for the company, said the people, who asked not to be identified as the sale process is confidential.

** Mining company BHP Billiton said it was still in talks to sell its stake in a major iron ore deposit in Guinea, despite lengthy negotiations that have prompted questions over the potential for a deal.   Continued...