Thursday, June 7, 2012

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

Reuters: Mergers News
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Deals of the day -- mergers and acquisitions
Jun 7th 2012, 10:05

June 7 | Thu Jun 7, 2012 6:05am EDT

June 7 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Thursday:

** South Korean conglomerate SK Group said its unit has agreed to buy a 37.5 percent stake worth $310 million in an Australian gas field from ConocoPhillips and Santos Ltd to help it secure liquefied natural gas (LNG) supplies.

** Synergy Health Plc said it would buy SRI/Surgical Express Inc for $25.1 million to expand its footprint in the U.S. market.

** Japanese electronics maker Panasonic Corp has no plan to invest in Olympus Corp, President Fumio Ohtsubo told Reuters, contradicting a media report it would invest in the medical equipment maker Olympus, which is struggling to recover from an accounting scandal.

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