May 2 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Thursday:
** Goldman Sachs Group Inc affiliate plans to spend
$743 million to buy Ebix Inc, an insurance software
provider that has been a target of allegations from
short-sellers about inaccuracies in its financial statements.
** Ireland's 'bad bank' has sold its first portfolio of
Irish commercial property loans to a consortium led by private
real estate investor Starwood Capital Group, but the National
Asset Management Agency declined to say what discount it gave.
The Irish Times newspaper reported the portfolio of loans backed
by 30 office and retail properties sold for around 200 million
euros ($264 million), a quarter of its par value of 800 million.
** Thailand's largest entertainment group, GMM Grammy Pcl , has sold all of its stake in newspaper publisher
Matichon Pcl in big-lot transactions with an estimated
value of 470 million baht ($16 million), sources said on
** The private equity arm of OMERS, one of Canada's largest
pension plans, has hired Barclays Plc and Harris
Williams & Co to explore a sale of United States Infrastructure
Corporation, three people familiar with the matter said this
** JP Morgan and Greenhill & Co Inc have
been appointed to advise GlaxoSmithKline on the sale of
its soft drinks brands Lucozade and Ribena, which analysts
believe will fetch more than 1 billion pounds ($1.6 billion).
** Ramsay Health Care Ltd, Australia's largest
private hospital operator, is in talks to invest in China's
private healthcare market, banking on increasing demand for
quality healthcare from the country's growing middle class.
** Archer Daniels Midland Co defended its plan to
buy Australia's GrainCorp Ltd for A$3.0 billion ($3.1
billion), promising the grain handler was a good fit to help
feed growing markets in Asia and the Middle East. ADM, one of
the world's top grain traders, said on Wednesday it has
completed a due diligence review of GrainCorp's books and
intends to move forward with a cash offer to acquire the
** France Telecom will search for a new partner for
video-sharing website Dailymotion after France derailed its plan
to sell a majority stake to Yahoo Inc, its CEO was
quoted saying. In an interview with newspaper Les Echos, Chief
Executive Stephane Richard complained that the intervention of
the state was inappropriate and the group's strategy for its
subsidiary, which competes with Google Inc's YouTube,
should be set by its management and board.
** Turkey's CarrefourSA, a joint-venture between
Sabanci Holding and Carrefour, will look
into buyout opportunities including Migros, Sabanci
retail group head Haluk Dincer said on Thursday.
** Merchant bank Kirchner Group and Crestline Investors Inc,
a hedge fund secondary buyer with $7.3 billion under management,
have teamed up to launch a joint venture aimed at taking over
management of so-called zombie funds from their original private
** Shares of Oslo-listed salmon firm Cermaq jumped
19 percent on Thursday after Marine Harvest, the
world's top fish farmer, made a conditional hostile bid for the
firm. Cermaq rejected the offer, saying it undervalued the
company and its conditions were unacceptable.
** Private equity firm Sun Capital Partners plans to merge
five of its plastic packaging portfolio companies to form what
it says will be the sixth-largest plastic packaging company in
** UniCredit, Italy's biggest bank by assets, said
on Thursday it had completed the sale of Kazakh unit ATF bank to
a firm owned by Kazakh businessman Galimzhan Yesenov.
** After years of on-off talks, months of brinksmanship and
often bitter negotiations, Glencore's head Ivan
Glasenberg gets to complete the $30 billion acquisition of
Xstrata on Thursday, the mining industry's biggest takeover yet.
(Compiled by Vrinda Manocha in Bangalore)
Keywords: DEALS DAY/
(Vrinda.Manocha@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5800)(Reuters Messaging: email@example.com)
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