September 12, 2014 / 10:36 AM / 4 years ago

Deals of the day- Mergers and acquisitions

Sept 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** Credit card processor Alliance Data Systems Corp said it would buy Conversant Inc for about $2.3 billion in cash and stock to boost its digital marketing business.

** Danish unlisted energy firm Danfoss A/S has offered to buy Finnish electric drive maker Vacon Oyj for about 1.04 billion euros ($1.34 billion), the companies said on Friday.

** Norwegian energy firm Statoil ASA has sold a string of assets to BASF SE subsidiary Wintershall for $1.3 billion on Friday, freeing cash to fund developments that have drained its cash flow in recent years.

** Australian industry standards firm SAI Global Ltd extended on Friday a self-imposed deadline for parties interested in making a takeover bid, in a sign it is struggling to attract a compelling offer. SAI said in May that it would open its books for parties to conduct due diligence with a view to a takeover after Australian private equity firm Pacific Equity Partners made a A$1.1 billion ($997.4 million) indicative offer.

** Precious metals miner Fresnillo PLP said it would buy Newmont Mining Corp’s 44 percent stake in their Mexico joint venture mines for $450 million in cash, increasing its exposure to gold mining in the country.

** Poland’s mBank SA is selling its insurance arm to French group AXA SA in a deal worth 135 million euros ($175 million), the companies said on Friday, as the Polish lender moves to focus on its core banking business.

** Blackstone Group LP plans to sell about 260 Burger King Worldwide Inc locations owned by a unit in the U.S. Midwest to Texas-based fast-food franchisee Houston Foods Inc, Bloomberg reported. Blackstone has agreed to sell the restaurants for less than $100 million as it tries to cut exposure to an increasingly sluggish fast-food industry, the report said, quoting an unidentified source.

** Italian company Ferrero, known for its Nutella chocolate spread, secured European Union regulatory approval on Friday for its proposed acquisition of Turkish rival and supplier Oltan, which will make it the largest hazelnut producer in the world. The companies did not announce the value of the deal.

** Hewlett-Packard Co plans to buy cloud software startup Eucalyptus Software, a rare acquisition for the company since its failed $11 billion purchase of Britain’s Autonomy Plc in 2011.

** Japanese trading house Mitsubishi Corp is buying a 20 percent stake in an offshore oilfield in Ivory Coast from U.S. firm Anadarko Petroleum Corp, in what will be the first Japanese oilfield stake purchase in the African country.

** Pioneer Corp said on Friday it would sell its home audio-visual business to audio equipment maker Onkyo Corp , with a Hong Kong-based fund backing out of an initial proposal to take a majority stake.

** Citigroup Inc told bidders for its Japanese retail banking operations on Friday that it was looking to sell its profitable Diners Club card business in Japan with the retail unit, sources with knowledge of the matter said.

** Danish jewelry chain Pandora A/S has teamed up with French retailer Bluebell to jointly distribute Pandora jewelry in Japan for five years from January, it said on Friday. As part of the deal, Pandora will buy the majority of Bluebell’s assets in Japan in a non-cash transaction.

** San Miguel Corp, the Philippines’ most diversified conglomerate, said it was planning a solo bid for British snacks maker United Biscuits (UK) Ltd (IPO-UNI.L), owner of brands such as Jaffa Cakes and Twiglets.

** German tank manufacturer Rheinmetall AG is interested in a takeover of rival Krauss Maffei Wegmann and ThyssenKrupp AG’s submarine business, German daily Handelsblatt said on Friday, citing unnamed company sources.

** More than 35 percent of Allergan Inc investors have asked the company to call a special meeting, handing a victory to billionaire investor William Ackman who is trying to broker a sale of the Botox maker to Valeant Pharmaceuticals Inc .

** Italian lender Unicredit SpA is likely to choose a partner for exclusive talks to buy a stake of up to 50 percent in its asset management division Pioneer on Friday, a source familiar with the matter said. ($1 = 0.77 euro) ($1 = 1.10 Australian dollar) (Compiled by Manya Venkatesh in Bangalore)

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