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 27th 2012, 10:02 March 27 | Tue Mar 27, 2012 6:02am EDT March 27 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1050 GMT on Tuesday. ** Spain's La Caixa agreed on Monday to the takeover of smaller rival Banca Civica by its listed arm CaixaBank , creating Spain's biggest bank by domestic assets. CaixaBank offered 1.97 euros per share for Banca Civica in an all-share deal valuing the whole bank at 980 million euros ($1.46 billion). ** TAG Immobilien agreed on Monday to buy 25,000 flats for 960 million euros ($1.3 billion) from BayernLB , the second-largest real estate sale in Germany this year as prices rise and interest in property as a relatively safe investment increases. ** Transocean Ltd , owner of the world's largest offshore drilling fleet, expects to sell older rigs this year worth between $500 million and $1 billion as it steps up its efforts to upgrade the fleet, it said on Monday. ** Sharp Corp will issue shares worth $808 million to Taiwan's Hon Hai Precision Industry as part of a tie-up in liquid crystal display production aimed at reversing losses at the Japanese firm from falling TV sales. ** French food group Danone said on Monday it plans to invest around $700 million in Russia over the next five to seven years, aiming to increase capacity and take advantage of anticipated growth in a core emerging market. ** Bausch & Lomb said it agreed on Monday to buy Ista Pharmaceuticals Inc for about $500 million in cash to broaden its portfolio of eye health products. ** Optical components maker Oclaro Inc agreed on Monday to buy smaller rival Opnext Inc in a stock deal valued at about $177 million, to tap the urgent need for network upgrades driven by a spurt in Internet traffic and the rapid adoption of mobile devices. ** Online travel agency Expedia Inc agreed to buy leading Nordic corporate travel company Via Travel. ** Europe's largest drugs distributor Celesio said it has put mail order pharmacy unit DocMorris on the block to mend relations with German pharmacies, its main customer group. Chief Executive Markus Pinger said in a statement the sales process for the online pharmacy as well as for Movianto and Pharmexx, two service providers catering to drugmakers, has been started. ** Talks between Abu Dhabi and the British government over a stake in state-owned Royal Bank of Scotland are at the level of the Abu Dhabi ruling family, a source close to the ruling family said on Tuesday. ** Islamic bank Kuwait Finance House will shuffle its top management and work with advisers to sell, merge or restructure unprofitable subsidiaries, state news agency KUNA quoted the bank's chief executive as saying. Link this Share this Digg this Email Reprints

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