Thursday, April 26, 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
Apr 26th 2012, 09:04

April 26 | Thu Apr 26, 2012 5:04am EDT

April 26 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Thursday:

** Watson Pharmaceuticals Inc said on Wednesday it agreed to buy Actavis Group for at least 4.25 billion euros ($5.60 billion), in a deal that cements its status as one of the world's biggest suppliers of generic drugs.

** Fresenius said it plans to take over Rhoen-Klinikum for 3.1 billion euros ($4.09 billion), making the German healthcare conglomerate by far the largest private-sector operator of German hospitals.

** Qatar's Mannai Corp and Egyptian investment bank EFG Hermes have taken control of Dubai's Damas after their consortium's $445 million offer was accepted by more than 75 percent of the jeweler's shareholders.

** Takaoka Electric MFG Co and Toko Electric Corp , two companies affiliated with Tokyo Electric Power Co , will merge their businesses under a new holding company around October, the Nikkei business daily reported on Thursday.

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