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 May 31st 2012, 13:30 Thu May 31, 2012 9:30am EDT May 31 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Thursday: ** Commodities trader Glencore and miner Xstrata will send details of their long-awaited tie-up to shareholders on Thursday, including a three-year retention package set to be worth tens of millions of dollars for Xstrata boss Mick Davis. ** US Airways Group and private equity firm TPG Capital may team up to bid for American Airlines' parent, AMR Corp, according to people familiar with the discussions. ** Canada's CGI Group Inc said on Thursday it had agreed to buy Anglo-Dutch IT services company Logica for 1.7 billion pounds ($2.64 billion) in a deal to secure more business with blue-chip clients globally. ** Italy's Finmeccanica has agreed to sell its stake in aero-engine parts maker Avio to a state-controlled fund as it presses ahead with plans to sell around 1 billion euros ($1.24 billion) of assets this year to maintain its credit rating. ** Britain's No. 1 insurer Prudential Plc said on Thursday it is buying Swiss Re's U.S.-based life insurance business for $621 million in cash. ** Flowers Foods Inc on Thursday said it will buy Lepage Bakeries Inc for about $370 million in cash and stock to expand its bakery products portfolio. ** Gaylord Entertainment Co said it will sell the Gaylord Hotels brand and the rights to manage four hotels to Marriott International Inc for $210 million. ** Women's apparel retailer Talbots Inc, struggling with declining sales and high debt, will be bought by longtime suitor Sycamore Partners for $193.3 million, a price that is slightly lower than the private equity firm's previous offers. ** Nike Inc plans to divest its Cole Haan and Umbro brands in order to sharpen its focus on other core brands, including Nike, Jordan, Converse and Hurley. ** Isuzu Motors Ltd said on Thursday it plans to raise its stake in its joint venture with Russia's Sollers to 45 percent from 29 percent to strengthen its presence in Russia's commercial vehicle market. ** Deutsche Lufthansa AG said on Thursday it has pulled out of a deal to buy Finnair's catering business, because the German company's board did not approve the transaction due to a spending freeze. ** Swiss-based trader Gunvor, co-owned by a Russian tycoon, has bought a second European oil plant from Petroplus, as trading houses emerge as the biggest winners from the insolvent refiner's asset sale. ** The Turkish government wants to increase the free float rate of Turkey's state-owned lender Halkbank to 49 percent from the current 24.93 percent, Deputy Prime Minister Ali Babacan said at a conference in Istanbul on Thursday. Link this Share this Digg this Email Reprints

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