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

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Deals of the day -- mergers and acquisitions Jun 6th 2012, 19:56 Wed Jun 6, 2012 3:56pm EDT June 6 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Wednesday: ** Fanatics.com has raised $150 million from venture firms Andreessen Horowitz and Insight Venture Partners in an investment that values the online sports retailer at $1.5 billion, a person familiar with the matter said. ** Morgan Stanley is considering selling a stake in its vaunted commodities trading division, according to a news report that, if true, would reflect the bank's most radical plan yet to ease mounting regulatory and credit pressures. ** Chesapeake Energy is in late-stage talks to sell nearly all of its pipeline assets for over $4 billion to Global Infrastructure Partners (GIP), according to a person familiar with the matter, as the company scrambles to close a $9 billion to $10 billion funding shortfall. ** Germany's Merck KGaA and India's Dr. Reddy's Laboratories Ltd have struck a deal to develop cheap versions of biotech cancer drugs, seeking to tap into a new market as patents on biotech medicines expire. ** Italian insurer Unipol accepted on Wednesday to take a 61 percent in a new insurer that would be created in a merger with troubled peer Fondiaria-SAI, moving forward towards the creation of Italy's second-largest insurance group. ** Calumet Specialty Products LP will buy privately held Royal Purple Inc for about $335 million to bulk up its lubricants offering. ** Halcon Resources Corp said it would buy an operated interest in oil and gas leases in East Texas in a deal valued at $377.8 million, as it looks to beef up its portfolio of oil and gas assets. ** RSA, Britain's biggest commercial insurer, has agreed to buy L'Union Canadienne, the No. 3 general insurance player in the Canadian province of Quebec, for 94 million pounds ($144.48 million). ** Rupert Murdoch's News Corp has taken full control of its Asian joint venture ESPN STAR Sports (ESS), buying out Walt Disney Co's 50 percent share to end a 16-year partnership in the region. ** British military equipment maker Chemring said it would sell its marine interests to Drew Marine for 32 million pounds ($49.19 million) to help it cut debt, buy back shares and fund pension liabilities. ** American clothing designer Kenneth Cole will take his eponymous fashion house private for $15.25 per share, slightly more than he had offered in February. The offer values Kenneth Cole Productions Inc at about $280 million. Link this Share this Digg this Email Reprints

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