Reuters 11/12/2012
The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:
** SPX Corp is in exclusive talks to buy rival Gardner Denver Inc and hopes to finalize a deal by the end of the year, four people familiar with the matter said, in a merger that could create an industrial machineryconglomerate with a market value over $7 billion.
** Russia’s RUSAL Plc said that Kremlin-favoured tycoon Roman Abramovich would buy a smaller stake than previously agreed in Norilsk Nickel, in a revised deal to end a four-year battle over the world’s largest nickel and palladium miner.
Abramovich would pay RUSAL and billionaire Vladimir Potanin $1.5 billion for a 5.87 percent stake in the Arctic miner, less than the 7.3 percent stake agreed last week.
** Britain’s Diageo said long-running talks with Jose Cuervo had ended, bringing to a close a saga that had widely been expected to result in a deal for the world’s number 1 tequila brand by the maker of Johnnie Walker and Smirnoff.
** A consortium of Oil and Natural Gas Corp, Oil India Ltd and refiner Indian Oil Corp is among three bidders shortlisted to buy stakes in Canadian oil sands owned by ConocoPhillips. The assets could be worth up to $5 billion.
** Contract manufacturer Flextronics International Ltd said it agreed to take over Motorola Mobility’s manufacturing operations in Tianjin, Chinaand Jaguariuna, Brazil.
A Google spokeswoman said the agreement encompassed the bulk of Motorola’s manufacturing capacity, but declined to provide further comment on the terms of the transaction.
** Africa-focused Tullow Oil plans to buy a Norwegian oil explorer for up to $672 million and sell its North Sea gas assets as part of a strategy to chase oil-rich exploration in a prospective European market.
** Gulf carrier Etihad Airways is close to buying a 48 percent stake in debt-ridden Indian carrier Kingfisher Airlines for a little over 30 billion rupees ($550.3 million), the Mumbai Mirror reported on Tuesday.
** Sutherland Global Services, a U.S.-based technology and back office outsourcing services provider, has agreed to acquire the healthcare outsourcing arm of India’s Apollo Hospitals Enterprise Ltd, the companies said on Tuesday.
The financial details of the deal were not disclosed, but a person with direct knowledge of the transaction said Sutherland will buy all of Apollo Health Street shares for 10 billion rupees ($184 million).
** Belgium-based television services company Alfacam said on Tuesday it had secured a financial lifeline from family-owned Indian conglomerate Hinduja Group in an initial deal that could also strengthen its position in Asian markets.
Alfacam said it had a preliminary deal for a 24 million euro ($31 million) credit facility and 6 million euro equity injection from Hinduja.
** Russian precious metals miner Polymetal said on Tuesday it agreed to acquire the Olcha gold and silver deposit in Russia from Ovoca Gold Plc. The transaction value is approximately $13.5 million.
** More than a handful of parties are still interested in buying ThyssenKrupp’s steel mills in the United States and Brazil, the top German steel maker’s finance chief said.
The company posted a massive 4.7 billion euro ($6.1 billion) annual loss on Monday as it took a painful write-down on steel mills in the United States and Brazil that it is trying to sell.
** Italy’s Exor said on Tuesday it had signed an accord to vote in favour of the merger between CNH Global and Fiat Industrial, of which it owns a stake of 30 percent.
** American Airlines wants a quick resolution one way or another on whether to pursue a merger with US Airways Group Inc or emerge from Chapter 11 on a stand-alone basis, AMR Corp Chief Executive Tom Horton said on Monday.
** Thailand’s third-richest man extended the deadline on his S$8.88-per-share ($7.27) offer to buy Fraser and Neave Ltd , to Jan. 2, the fourth delay in about one-and-a-half months as he plays for time until the Jan. 3 deadline of a slightly higher rival bid.
Link: http://www.reuters.com/article/2012/12/11/deals-day-idUSL4N09L37U20121211
BR Deal 
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