M&A Navigator: Deal pipeline – 18 June

The following is a list a of deals covered in detail by M&A Navigator this week:- US LIMITED BRANDS OFFLOADS LAST 25% IN LIMITED STORES

US retailer Limited Brands Inc (NYSE:LTD) said it had sold its remaining 25% in local store chain Limited Stores LLC to its majority owner, private investment firm Sun Capital Partners, for USD32m.

Status: Closed

- US ARGINETIX, IMMUNE CONTROL MERGE INTO CORRIDOR PHARMACEUTICALS

US biopharmaceuticals companies Arginetix and Immune Control said they had merged into Corridor Pharmaceuticals Inc, a company which will specialise in the development of treatments for vascular diseases with an initial focus on pulmonary arterial hypertension (PAH).

Status: Closed

- US EL PASO PIPELINE TO BUY 16% MORE IN SNG FOR USD394M

US natural gas company El Paso Pipeline Partners LP (NYSE:EPB) said it had agreed on the purchase of a further 16% in Southern Natural Gas Company (SNG) from El Paso Corporation (NYSE:EP) for some USD394m (EUR317.8m).

Status: Agreed

- SPANISH EZENTIS IN TALKS TO BUY SEDESA

Spanish telecom and media services firm Ezentis (MCE:AVZ), former Avanzit, unveiled talks to buy real estate developer Sedesa.

Status: Talks

- MILANO ASSICURAZIONI EXITS BIPIEMME VITA

Italian insurance group Milano Assicurazioni (BIT:MI) said it has agreed to divest 51% in sector player Bipiemme Vita to Banca Popolare di Milano (BIT:PMI) for EUR113m (USD140m).

Status: Agreed

- THYSSENKRUPP NEGOTIATES SALE OF METAL FORMING UNIT

German steel maker ThyssenKrupp (ETR:TKA) is negotiating to unload its Metal Forming unit.

Status: Talks

- PRISA ALLEGEDLY PLANNING TO BID FOR LE MONDE

Spanish media group Prisa (MCE:PRS) is said to be preparing a bid for French newspaper Le Monde to be presented on Monday.

Status: Bidding; Speculation

- EC APPROVES DFDS'S ACQUISITION OF NORFOLKLINE

Danish ferry company DFDS (CPH:DFDS) said that the European Commission (EC) had cleared its acquisition of ferry operator Norfolkline from A.P. Moller-Maersk (CPH:MARSK A).

Status: Agreed

- RUSSIAN WBD SAYS PLANS FOREIGN ACQUISITIONS IN 2010

Russian dairy and juice producer Wimm-Bill-Dann (NYSE:WBD) is prepared to invest large amounts in acquisitions outside Russia in 2010.

Status: Bidding

- SWEDISH VITROLIFE TO BUY 25% OF DANISH HERTART FOR DKK2M

Swedish biotechnology and medical device specialist Vitrolife (STO:VITR) said it had agreed to take 25% of Danish HertART for DKK2m (USD333,000/EUR267,000), as part of its growth strategy.

Status: Agreed

- RUSSIAN TECHNOLOGIES TAKES FURTHER 12.2% OF KAMAZ, OWNS 49.9%

State corporation Russian Technologies has bought additional 12.2% in domestic vehicle maker Kamaz (RTD:KMAZ) from investment bank Troika Dialog, raising its total holding to 49.9%.

Status: Closed

- LUKOIL CHIEF SAYS NOT EYEING BP ASSETS

Russian oil and gas group Lukoil (MCX:LKOH) is not interested in buying any of the assets to be sold by UK BP (LON:BP) to help the company pay for its oil spill in the Gulf of Mexico.

Status: Denied; Auction

- EC RULES IN FAVOUR OF GERMAN RWE'S ENVIAM BUYING MITGAS

The European Commission (EC) had approved the purchase of German gas distributor Mitgas by enviaM, a full-owned unit of German gas and power utility RWE (ETR:RWE).

Status: Closed

- UK HENDERSON CEASES TALKS WITH SUNTRUST BANKS ON RIDGEWORTH DEAL

UK investment manager Henderson (LON:HGG) announced it had ended talks on a potential acquisition of certain operations of asset manager RidgeWorth Capital Management owned by US SunTrust Banks (NYSE:STI).

Status: Terminated

- EFACEC BUYS MAJORITY IN SPANISH FASYMON

Portuguese electronics and engineering company Efacec announced the acquisition of a 75% stake in Spanish electrical equipment producer Fasymon.

Status: Closed

- WBD KEEN ON BUYING DANONE'S STAKE IN THE COMPANY

Russian dairy group Wimm-Bill-Dann Foods (NYSE:WDB) is willing to repurchase the stake of peer Danone (EPA:BN) in the company, if the French firm decides to sell it.

Status: Bidding

- SPANISH LA CAIXA BOARD OKAYS MERGER WITH CAIXA GIRONA

Spanish savings bank La Caixa received yesterday approval from its management board to merge with sector player Caixa Girona.

Status: Agreed

- EU GIVES CONDITIONAL APPROVAL OF SNCF, LCR RAIL JV

The European Commission gave a conditional go-ahead to the "New Eurostar" rail joint venture of French railway operator SNCF and British peer London & Continental Railways (LCR).

Status: Agreed

- TELIASONERA SAYS NO PLANS TO MERGE MEGAFON WITH SVYAZINVEST

Swedish telecom group TeliaSonera (STO:TLSN) denied reports that it is negotiating to combine Russian mobile operator MegaFon, which it partially owns, with Russian telecom holding company Svyazinvest.

Status: Denied

- DUTCH GILDE BUYS INTO GAMMA HOLDING

Dutch private equity firm Gilde Buy Out Partners announced the acquisition of an about 19% stake in Dutch textile company Gamma Holding (AMS:GAMMA) for over EUR27m (USD33.5m).

Status: Closed

- US BENEFITFOCUS TAKES OVER BELIEFNETWORKS

US healthcare and voluntary benefits software provider Benefitfocus said it had acquired BeliefNetworks, a specialist in transforming real-time data into actionable knowledge, for an undisclosed sum.

Status: Closed

- DOW CHEMICAL WRAPS UP SALE OF STYRON TO BAIN CAPITAL

US chemicals giant Dow Chemical (NYSE:DOW) said it has completed the divestment of its Styron plastics and rubber unit to an affiliate of US private equity firm Bain Capital Partners for USD1.63bn (EUR1.32bn).

Status: Closed

- BOARDS OF SPANISH BANKS CAJA RURAL DE TOLEDO, CAJA RURAL DE CIUDAD REAL CLEAR MERGER

The boards of Spanish rural banks Caja Rural de Toledo and Caja Rural de Ciudad Real cleared the project of their merger.

Status: Agreed

- USA SIGNAL TECHNOLOGY BUYS AMERICAN WHOLESALE HEALTH

USA Signal Technology Inc (PINK:USST), a producer of traffic signalling and monitoring systems, said it had taken over CTFLA LLC, which operates under the name of American Wholesale Health.

Status: Closed

- ARTHUR J. GALLAGHER BUYS BOWEN, MICLETTE, BRITT & MERRY OF ARKANSAS

US insurance broker Arthur J. Gallagher & Co (NYSE:AJG) said it has bought retail insurance broker Bowen, Miclette, Britt & Merry of Arkansas Inc for an undisclosed sum.

Status: Closed

- SWISS GOLAY BUCHEL SELLS JAPANESE UNITS

Swiss financial services and luxury goods group Norinvest Holding (SWF:NIHN) said its jewellery and watch subsidiary Golay Buchel Holding (SWF:GOLP) has sold two units in Japan.

Status: Closed

- US PHOENIX OFFLOADS ESUPPORT BUSINESS

US software developer Phoenix Technologies Ltd (NASDAQ:PTEC) said it had agreed to offload its eSupport operations to newly-created eSupport.com Inc for USD1m (EUR807,000) in cash.

Status: Closed

- JIM JOHNSON TAKES 50% IN US B2B CONSULTANCY PARK LANE

Jim Johnson, a former branding manager at advertising company WPP (LON:WPP), has purchased 50% in US B2B consultancy Park Lane Communications.

Status: Closed

- COGNIZANT TAKES OVER FRENCH GALILEO

US IT consultancy Cognizant Technology Solutions (NASDAQ:CTSH) said it has bought Paris-based Galileo Performance, an IT testing consultancy specialist, for an undisclosed sum.

Status: Closed

- BP'S HEAD DISMISSES PLANS FOR SALE OF ROSNEFT STAKE

British oil and gas group BP (LON:PLC) said it has not disposed of its stake in Russia's oil major Rosneft (MCX:ROSN) and is not planning to do so despite its USD10bn (EUR8.1bn) divestment strategy.

Status: Denied

- PATTERSON MEDICAL BUYS REHABILITATION BUSINESS OF IRISH DCC

Patterson Medical, the rehabilitation unit of US dental and medical products supplier Patterson Companies (NASDAQ:PDCO), said it has acquired the rehabilitation businesses of DCC Healthcare for an undisclosed amount.

Status: Closed

- SANTANDER BIDS FOR 300 RBS BRANCHES IN THE UK

Spanish banking group Santander (MCE:SAN) confirmed that its UK unit had placed a bid for some 300 UK branches being sold by the Royal Bank of Scotland (LON:RBS), without disclosing financial details.

Status: Bidding

- DANONE, UNIMILK TO MERGE DAIRY OPS IN CIS TO BOOST MARKET SHARE

French food group Danone (EPA:BN) and Russian peer Unimilk unveiled plans to merge their fresh dairy products operations in the CIS area in an effort to boost their market position in the region.

Status: Agreed

- EC CLEARS P&G TO BUY SARA LEE'S AMBI PUR UNIT

The European Commission (EC) said it had approved the proposed acquisition of the Ambi Pur air care business of US consumer products firm Sara Lee (NYSE:SLE) by Procter & Gamble (NYSE:PG).

Status: Agreed

- CEO SAYS NORILSK NICKEL TO SELL ASSETS IN AUSTRALIA

Russian metals producer Norilsk Nickel (LON:MNOD) is ready to dispose of some of its Australian operations, including small gold mines.

Status: Auction

- US WATTS WATER TO ACQUIRE AUSTROFLEX ROHR-ISOLIERSYSTEME IN AUSTRIA

US Watts Water Technologies (NYSE:WTS) said it has signed a preliminary agreement to buy Austrian insulation specialist Austroflex Rohr-Isoliersysteme.

Status: Agreed

- CADENCE DESIGN SYSTEMS BUYS DENALI SOFTWARE

US electronics design innovation company Cadence Design Systems (NASDAQ:CDNS) announced the completion of the acquisition of electronic design automation (EDA) software provider Denali Software.

Status: Closed

- MORNINGSTAR EUROPE TO BUY OUT MORNINGSTAR DANMARK

Morningstar Europe, part of US independent investment research provider Morningstar (NASDAQ:MORN), will buy the remaining 75% it does not own in Morningstar Danmark from Phosphorus for USD15.2m (EUR12.3m).

Status: Agreed

- US BECKERMAN BUYS ANTENNA GROUP

US independent public relations firm Beckerman said it has bought San Francisco-based public relations agency Antenna Group, creating the nation's biggest clean technology speciality public relations practice.

Status: Closed

- WEB.COM STRIKES USD135M DEAL TO BUY REGISTER.COM

US Internet and web design consultancy Web.com announced an agreement to buy privately-held sector player Register.com for USD135m (EUR108.9m).

Status: Agreed

- AOL CONFIRMS BEBO SALE TO CRITERION CAPITAL PARTNERS

US web services company AOL (NYSE:AOL) said it has agreed to sell its struggling social site Bebo to private equity firm Criterion Capital Partners in a move to streamline its organisation.

Status: Agreed

- KKR TO BUY JAPANESE INTELLIGENCE FOR USD358M

US private equity firm Kohlberg Kravis Roberts & Co (KKR) has agreed to buy Intelligence Ltd, the recruitment unit of Japanese cable broadcaster Usen Corp (NJM:4842), for JPY32.5bn (USD358m/EUR289m).

Status: Agreed

- BANCA CIVICA EMERGES AS BIDDER FOR CAJASUR TAKEOVER

Spanish bank Banca Civica yesterday unveiled plans to bid for the acquisition of struggling savings bank CajaSur.

Status: Bidding

- APAX SELLS GALAPAGOS STAKE TO INSTITUTIONAL INVESTORS

British private equity firm Apax Partners has offloaded its 5.4% stake in Belgian biotechnology company Galapagos (EBR:GLPG) to institutional investors in Europe.

Status: Closed

- RUSSIAN UNITED SHIPBUILDING CORP MAY ACQUIRE OPK'S SHIPBUILDERS WITH GOVT OK

Roman Trotsenko, president of Russian state-owned United Shipbuilding Corporation, told reporters that his company was ready to buy debt-ridden shipbuilders Severnaya Verf (RTB:SZVE) and Baltiysky Zavod, should the government give the go-ahead.

Status: Talks

- PLASTIC OMNIUM PLANS TO TAKE FULL CONTROL OF INERGY

French plastic processing group Plastic Omnium (EPA:POM) plans to acquire the 50% stake of Belgian chemicals giant Solvay (EBR:SOLB) in Inergy Automotive Systems and gain full control of the company.

Status: Exclusivity

- CARLO TASSARA DELAYS SALE OF INTESA SANPAOLO STAKE

Italian holding company Carlo Tassara, owned by French-Polish investor Romain Zaleski, has decided to postpone the sale of its stake in Italian banking giant Intesa Sanpaolo (BIT:ISP).

Status: Delayed

- LAGARDERE LIKELY TO BUY OUT JV WITH FRANCE TELEVISIONS

French media group Lagardere (EPA:MMB) is keen on buying the 34% stake of public TV broadcaster France Televisions in their digital terrestrial joint venture Gulli.

Status: Talks

- RUSSIAN ENERGY MIN SAYS EUR1.6BN GOOD PRICE FOR MOL STAKE

The energy minister of Russia, Sergei Shmatko, told that a price of EUR1.6bn (USD2bn) for the stake of Russian oil producer Surgutneftegaz (MCX:SNGS) in Hungarian peer MOL (BDP:MOL) would be a good one.

Status: Talks

- SABADELL, GUIPUZCOANO SHAREHOLDERS TO VOTE ON MERGER NEXT WEEK

The merger between Spanish lenders Banco de Sabadell (MCE:SAB) and Banco Guipuzcoano (MCE:GUI) will be probably voted on 25 June, when the two banks will hold their extraordinary shareholders' meetings.

Status: Talks

- CEO SAYS AXA BELGIUM MULLING OVER KBC'S CENTEA, ETHIAS'S UNIT BUYS TO GROW

AXA Belgium, part of French insurer AXA, is considering the acquisition of First, a unit of insurance group Ethias and Centea, subsidiary of banking group KBC (EBR:KBC).

Status: Bidding

- SPANISH SANTANDER BIDS FOR RBS UK BRANCHES, EXEC SAYS

Spanish banking group Santander (MCE:SAN) has submitted an offer to buy UK branches of Royal Bank of Scotland (LON:RBS), which it sees as a strategic fit to its local business.

Status: Talks; Bidding

- ZODIAC CHIEF EXECUTIVE RULES OUT MERGER WITH PEER

French aircraft components maker Zodiac Aerospace (EPA:ZC) dismissed reports that the company is planning to team up with a local sector player.

Status: Denied

- UK THOMAS COOK EYES GERMAN SECTOR BUY-CEO

UK travel company Thomas Cook (LON:TCG) wants to buy a German rival which serves destinations where the company is outmatched by competitors.

Status: Bidding

- HUNGARIAN FHB BANK ANNOUNCES LOI TO FULLY BUY LOCAL ALLIANZ BANK

Hungarian FHB Mortgage Bank (BDP:FHB) said it had entered into a letter of intent to take full control of Allianz Bank Ltd from Allianz Hungaria Insurance Co, without disclosing the value of the share-exchange deal.

Status: Exclusivity

- ORANGE TO BID FOR LE MONDE JOINTLY WITH CLAUDE PERDRIEL

French mobile operator Orange will join Claude Perdriel, founder of weekly magazine Le Nouvel Observateur, in its bid for struggling French economic daily Le Monde.

Status: Bidding

- HEINEKEN KEEN ON BUYING BELGIAN BREWER DE KONINCK

Dutch brewer Heineken (AMS:HEIA) has made a takeover bid for Antwerp-based peer De Koninck.

Status: Bidding; Speculation

- BILLIONAIRE ICAHN GETS 12.5% OF LIONS GATE SHARES

The Icahn Group, owned by billionaire Carl Icahn, said shareholders in Canada-based movie production studio Lions Gate Entertainment (NYSE:LGF) had offered 12.5% of their shares during the extended tender period.

Status: Bidding

- AOL SAID TO SELL BEBO TO CRITERION CAPITAL PARTNERS

US web services company AOL (NYSE:AOL) is close to a deal with private equity firm Criterion Capital Partners for the sale of its struggling social site Bebo.

Status: Auction

- CAJASUR REPORTEDLY COLLECTS SEVEN BIDS

Seven financial sector players have submitted non-binding bids for the acquisition of struggling Spanish savings bank CajaSur.

Status: Auction

- IT HOLDING PUTS FERRE, ITTIERRE ON THE MARKET, CALLS FOR BIDS

The administrators of Italian luxury goods group IT Holding (BIT:ITH) invited investors interested in its Ittierre and Gianfranco Ferre fashion units to submit bids.

Status: Auction

- GRONTMIJ BOOKS PROGRESS IN SELLING NON-CORE UNITS

Dutch engineering consultancy Grontmij (AMS:GRONT) said it was well on track with the planned sale of non-core operations.

Status: Talks

- AXA EYES ING'S REAL ESTATE UNIT

French insurer AXA (EPA:AXA) plans to make a takeover bid for the real estate investment management arm of Dutch financial services group ING (AMS:INGA), AXA chief investment officer Dennis Lopez said.

Status: Bidding

- UK ARRIVA SAYS TO REFER TAKEOVER OFFER BY DEUTSCHE BAHN TO EC ON 22 JUNE

UK bus and train services firm Arriva (LON:ARI) said it will submit to the European Commission (EC) on 22 June 2010 a notification of the proposed acquisition of the company by Deutsche Bahn.

Status: Bidding

- SULZER SECURES 96.51% OF UK CASTLE BY 15 JUNE

Swiss engineering company Sulzer (SWF:SUN) said that shareholders of UK electro-mechanical services firm Castle (LON:CSU) controlling 96.51% have accepted the GBP1.08 (USD1.6/EUR1.3) per share cash offer by Sulzer UK for the company by 15 June.

Status: Bidding

- BANK OF CYPRUS DROPS PLAN TO UP STAKE IN ROMANIAN BANCA TRANSILVANIA

Bank of Cyprus Group said it has decided against a previous plan to raise its stake in Romanian bank Banca Transilvania (BSE:TLV) to up to 20%, after considering other priorities.

Status: Terminated

- NEWS CORP MAKES BUYOUT BID FOR BSKYB

News Corp (NASDAQ:NWSA) has made an offer, worth some GBP12bn (USD17.7bn/EUR14.4bn), to fully acquire British satellite broadcaster BSkyB (LON:BSY).

Status: Bidding; Speculation

- INFINEON HIRES JPMORGAN TO LOOK AT OPTIONS FOR WIRELESS BUSINESS

German chip maker Infineon (ETR:IFXA) has engaged JPMorgan (NYSE:JPM) with advising it on options for its wireless chip operations, including a sale.

Status: Talks; Auction

- NEWS CORP SAYS BSKYB REJECTS INCREASED GBP7 P/S OFFER

News Corp (NASDAQ:NWSA) said that British satellite broadcaster BSkyB (LON:BSY) has rejected its increased offer of GBP7.0 (USD10.3/EUR8.5) per share cash for the BSkyB stock it does not already own.

Status: Bidding

- PSM HOLDINGS SIGNS LOI TO ACQUIRE OKLAHOMA-BASED CBB

US mortgage brokerage PSM Holdings (OTCBB:PSMH) said it has inked a letter of intent (LoI) to buy Oklahoma-based sector player CBB.

Status: Exclusivity

- SPICE REJECTS CINVEN GBP200M OFFER APPROACH

British private equity firm Cinven said that UK utility support services provider Spice (LON:SPI) has rejected its takeover offer approach valuing the company at GBP200m (USD295m/EUR241m).

Status: Bidding

- FRENCH EXONHIT EYES DIAGNOSTICS BUYS OVER NEXT THREE YEARS TO GROW

French diagnostics and drugs specialist ExonHit (EPA:ALEHT) is looking to make more buys over the next three years in the diagnostics field, as it aims to become a top player in the growing sector.

Status: Bidding

- UK MAN GROUP EYES SMALL HEDGE FUND BUYS IN ASIA PACIFIC, NOT LOOKING AT LARGE DEALS-CEO

UK investment manager Man Group (LON:EMG) is not targeting any large acquisition in the near future, but it would consider buying small hedge fund companies in the Asia Pacific region.

Status: Bidding

- ISS ADVISES ROSTELECOM STOCKHOLDERS TO APPROVE MERGER WITH SVYAZINVEST UNITS, DAGSVYAZINFORM

Russian long-distance operator Rostelecom (MCX:RTKM) said that Institutional Shareholder Services (ISS) has recommended shareholders to approve the merger of seven Svyazinvest subsidiaries and wireline operator Dagsvyazinform into Rostelecom.

Status: Talks

- US L&L ENERGY TO KEEP ON TALKS TO BUY CHINESE SHUNDA MINING

US-based L&L Energy Inc (NASDAQ:LLEN), which is active in the coal mining sector in China, said it has agreed to continue negotiations on the takeover of Chinese Shunda Mining Company, its two coal mines and a coal washing facility.

Status: Exclusivity

- LAURAL RESOURCES, ABTECH PLAN REVERSE MERGER

Canadian Laural Resources (OTC:LRAL), a start-up active in gold mining, said it had signed a letter of intent under which it will buy US environmental technologies firm Abtech Industries and Abtech's owners will take a majority in Laural via a reverse merger.

Status: Exclusivity

- EDF DELAYS SALE OF BRITISH NETWORKS

French utility EDF (EPA:EDF) has extended the deadline for getting bids for the electricity distribution networks of its British arm EDF Energy.

Status: Delayed; Auction

- RHODIA TO SHED SALICYLIC ACID UNIT

French chemicals producer Rhodia (EPA:RHA) said it would sell its salicylic acid business as it is not a strategic one for the group.

Status: Auction

- POLAND PUSHES FOR LOCAL BUYER TO TAKE OVER BZ WBK FROM ALLIED IRISH BANKS

The Polish government and regulator are said to prefer a domestic company to buy Bank Zachodni WBK (WAR:BZW) from Allied Irish Banks (ISE:ALBK).

Status: Bidding

- KBC COULD CALL OFF PEEL HUNT SALE

Belgian financial services group KBC (EBR:KBC) will probably abandon the planned sale of its Peel Hunt broking unit in London if a management buyout fails.

Status: Auction; Speculation

- HUNGARY TO NEGOTIATE OPTIONS ON SURGUTNEFTEGAZ'S STAKE IN MOL

The government of Hungary will kick off talks with Surgutneftegaz (MCX:SNGS) over the options for Russian oil group's 21% stake in Hungarian sector player MOL (BDP:MOL).

Status: Talks

- US MOSAIC DISCUSSES GRUPO FERTINAL ACQUISITION IN MEXICO

US fertiliser producer Mosaic (NYSE:MOS) is negotiating the acquisition of Mexico-based sector player Grupo Fertinal.

Status: Talks

- US EXCEL STORAGE PRODUCTS TO TAKE OVER SECTOR FIRM W.C. CARDINAL

US rack systems producer Excel Storage Products LP said it has inked a letter of intent to take over Ohio-based sector firm W.C. Cardinal Company Inc for an undisclosed sum and in an attempt to widen its product and service range.

Status: Exclusivity

- GERMAN BILFINGER BERGER TO EXPLORE ACQUISITIONS

German construction group Bilfinger Berger (ETR:GBF) is considering acquisitions in emerging markets to support its growth plans.

Status: Bidding

- AXA DISCUSSES SALE OF UK LIFE, SAVINGS OPS TO RESOLUTION FOR GBP2.75BN

French insurer AXA (EPA:AXA) said it was negotiating the sale of some of its life and savings business in the UK to Resolution (LON:RSL) for GBP2.75bn (USD4bn/EUR3.3bn), although a deal is not certain at this point.

Status: Talks

- IBM EYES US-ISRAELI STORWIZE

US computer giant IBM (NYSE:IBM) is negotiating the potential acquisition of US-Israeli data storage company Storwize for USD140m (EUR115m).

Status: Talks; Speculation

- CREDIT DU NORD IN EXCLUSIVE TALKS TO BUY BPCE RETAIL UNIT

Credit du Nord, a unit of French bank Societe Generale (EPA:GLE), said it has entered exclusive negotiations with sector player BPCE to acquire retail bank Societe Marseillaise de Credit for EUR872m (USD1.06bn) in a bid to expand its regional banking network.

Status: Exclusivity

- CABLEVISION MULLS OVER BUYING BRESNAN

Cablevision Systems (NYSE:CVC) is considering to buy US broadband Internet service provider Bresnan Communications for some USD1.3bn (EUR1.07bn).

Status: Bidding

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