Reuters: Mergers News: Deals of the day -- mergers and acquisitions

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Deals of the day -- mergers and acquisitions Mar 28th 2012, 09:45 March 28 | Wed Mar 28, 2012 5:45am EDT March 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0930 GMT on Wednesday. ** Bankers are gearing up to arrange a 2 billion euro ($2.7 billion) debt package to finance a buyout of Iglo, maker of Birds Eye fish fingers, after it emerged private equity group Permira is considering the sale of its frozen food group, banking sources said on Tuesday. ** Chinese city gas distributor ENN Energy Holdings Ltd said on Wednesday it has ample cash to finance its share of a $2.2 billion joint venture bid for rival China Gas Holdings Ltd, and believes it is offering a fair price. ** A group spear-headed by former basketball great Earvin "Magic" Johnson agreed to buy the Los Angeles Dodgers baseball team for a record $2 billion, team owner Frank McCourt announced on Tuesday, capping a two-year drama that started with McCourt's divorce and wound its way through bankruptcy court. ** ArcelorMittal said on Wednesday it had completed its sale of 134.3 million shares and the same number of warrants in Turkey's biggest steelmaker Erdemir as it shifts away from non-core activities and focuses on cutting debt. The sale raised 478.2 million Turkish lira ($267.5 million), the company said in a statement. ** Qatari conglomerate Mannai Corp and Egyptian investment bank EFG Hermes have agreed a $0.45 per share recommended cash bid for Dubai jeweler Damas. ** Force Motors said it sold and transferred 55.8 million shares of Man Force Trucks to Man Truck & Bus AG for 150 million Euros. ** Allianz SE, Europe's biggest insurer, has bought three wind parks, bringing the number it owns to 34, as it seeks stable long-term investments to offset earnings pressure from low yields on government bonds. ** Tilaknagar Industries Ltd said it acquired 100 percent stake in Srirampur Grains Pvt Ltd. Link this Share this Digg this Email Reprints

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