Petroceltic Share News (PCI)

Thu, 28th Apr 2011 17:15

(Adds Exelon Corp, Hong Leong Bank, BNY Mellon, others)

April 28 (Reuters) - The following bids, mergers,

acquisitions and disposals involving European, U.S. and Asian

companies were reported by 1600 GMT on Thursday.



** Power company Exelon Corp struck a deal to buy

rival Constellation Energy Group for $7.9 billion in a

bid to become the largest generator of competitively priced

electricity in the United States.



** A Malaysian court dismissed a lawsuit to block Hong Leong

Bank's $1.7 billion bid for rival EON Capital , clearing the way for a deal to create the country's

fourth largest lender.



** Bank of New York Mellon's wealth management arm said on

Thursday that it will buy a Chicago investment manager with $800

million in assets, the latest in a series of deals to expand the

bank's presence across the United States and Canada.



** Independent explorer and producer Linn Energy

said it agreed to purchase assets in North Dakota's Bakken shale

for $163 million, continuing a buying spree of oil and natural

gas liquids-rich properties



** Indian biotechnology firm Biocon Ltd Chairwoman

Kiran Mazumdar-Shaw said on Thursday the total value

consideration for its divestment of German unit AxiCorp was 40

million euros ($58.2 million).



** Vladimir Antonov, who seeks to invest 30 million euros

($44.5 million) in Spyker, the Dutch group that owns

the stalled carmaker Saab, won initial approval for the plan.



** Irish independent energy company Petroceltic

said on Thursday it had agreed to sell an 18 percent stake in

Algeria's Isarene exploration project to Italy's Enel

for a maximum $183 million.



** Bid target NYSE Euronext, the transatlantic

exchange operator, stepped up calls on shareholders to back a

bid by Deutsche Boerse as it unveiled robust

first-quarter results.



** Russian billionaire Mikhail Fridman's Alfa-Group said it

is in talks to sell its 25.3 percent stake in Russian

broadcaster CTC Media to Russia's National Media

Group.



** U.S. private equity firm Blackstone is in talks

with Valad Property Group on a possible takeover of the

Australian property firm, the Australian Financial Review said

on Thursday, citing a source familiar with the negotiations.



** Ratchaburi Electricity Generating Holding Pcl,

Thailand's largest private power producer, said on Thursday it

expected to conclude a deal to buy a stake in an Australian

power plant in the first half of 2011.



** Private equity firm Apollo Global Management LLC

is eyeing warehouse retailer BJ's Wholesale Club Inc,

which could fit with its Smart & Final chain, a source familiar

with the matter said on Thursday.



** The Agnelli family holding Exor intends to

remain the leading investor in Fiat after the Italian

carmaker merges with U.S. affiliate Chrysler, Exor's chief

executive said on Thursday.



** Private equity investor Nordic Capital has sold its

nearly 44 percent stake in Danish ambulance service group Falck

to the Lundbeck Foundation, the owners of the Lego company and

Falck management, Falck said.

(Compiled by Mayuresh Tungare in Bangalore)

Keywords: MERGER/DEALS

(mayuresh.tungare@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 4135 5800; Reuters Messaging: mayuresh.tungare.thomsonreuters.com@reuters.net)

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