February 23, 2015 / 10:34 AM / in 3 years

Deals of the day- Mergers and acquisitions

(Adds Bristol-Myers, AAR, Globe Specialty, Souza Cruz, Armstrong World, Sosei Group, Parques Reunidos, Buwog, Sberbank)

Feb 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Monday:

** Canada’s Valeant Pharmaceuticals International Inc agreed to acquire gastrointestinal drug maker Salix Pharmaceuticals Ltd in an all-cash deal valued at about $10.1 billion, the two companies said.

** Japanese chemical maker Asahi Kasei Corp said on Monday it would buy Polypore International Inc’s Energy Storage segment for $2.2 billion as it seeks to expand in the energy and environment business.

** Bristol-Myers Squibb Co said it would buy privately held drugmaker Flexus Biosciences Inc for up to $1.25 billion to add an emerging class of cancer-fighting drugs to its pipeline.

** U.S. silicon-alloy producer Globe Specialty Metals Inc and Spain’s Grupo FerroAtlántica SA said they would merge to form a company with an enterprise value of $3.1 billion and controlled by FerroAtlántica shareholders.

** Britain’s finance ministry has raised 500 million pounds ($769 million) through the sale of a further 1 percent stake in Lloyds Banking Group Plc, cutting its holding to below 24 percent.

** Aviation services provider AAR Corp said it would sell its cargo handling business, Telair Cargo Group, to TransDigm Group Inc for $725 million in cash.

** South Africa’s Bidvest Group Ltd has offered to buy shares it doesn’t already own in drugmaker Adcock Ingram Holdings Ltd, in a deal worth a potential 6 billion rand ($515 million).

** Japan’s Sosei Group Corp is to buy privately owned British biotechnology business Heptares for up to $400 million, the companies said, continuing the feverish pace of dealmaking in the sector.

** Germany’s Aareal Bank AG said it had agreed to buy property lender Westdeutsche Immobilienbank for 350 million euros ($398 million) from Erste Abwicklungsanstalt.

** DS Smith Plc, a British maker of corrugated cardboard, recycled paper and plastic packaging, said it agreed to buy Vienna-based packaging business Duropack for about 300 million euros ($341 million) from a subsidiary of One Equity Partners.

** A trade union group representing Aer Lingus Group Plc workers has reversed its position and said it would now back a takeover approach by International Airlines Group SA after the British Airways’ owner laid out its growth plans for the Irish airline.

** British holiday company Thomas Cook Group Plc is seeking to sell its airline business as part of a cost-saving plan, the Sunday Times newspaper reported.

** Rupert Murdoch’s Twenty-First Century Fox Inc held preliminary takeover talks with Discovery Communications Inc with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported. Fox, which like other broadcasters is battling a shift to on-demand TV, denied there had been any talks with Discovery, which owns Animal Planet and the Discovery Channel.

** South Korea’s Samsung SDI Co said it had agreed to buy the battery pack business of Canadian car parts maker Magna International Inc, marking a further push by the Samsung Electronics affiliate into a key automotive parts business.

** Japan’s biggest airline, ANA Holdings Inc, confirmed that it offered to help bail out bankrupt airline Skymark Airlines Inc.

** Private equity firm Abraaj Group has bought a minority stake in Hepsiburada.com, one of the largest online retailers in Turkey, from the Dogan family, the Dubai-based firm said.

** Shares of Souza Cruz SA jumped in early Monday trading after controlling shareholder British American Tobacco Plc said it was considering an offer for the 24.7 percent stake in Brazil’s biggest cigarette company it does not own.

** The private equity owners of Parques Reunidos have put on ice plans to sell the Spanish zoo, marine and water park operator that could have valued the business at about 2 billion euros, six sources familiar with the matter said on Monday.

** Construction materials maker Armstrong World Industries Inc said it would spin off its flooring business to concentrate on its ceilings unit.

** Austrian property group Buwog AG has no plans to buy competitor conwert Immobilien Invest SE but would be interested in its German real estate portfolio should this be put up for sale, Buwog Chief Executive Daniel Riedl said.

** Russia’s Sberbank Rossii OAO is preparing to sell its Slovak and Hungarian operations, Czech newspaper Lidove Noviny reported, citing unnamed sources. (Compiled by Amrutha Gayathri in Bengaluru)

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