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Wednesday, February 9, 2011

Deals of the day -- mergers and acquisitions

Wed Feb 9, 2011 10:30am GMT
Feb 9 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Wednesday.
(For Reuters columns on deals, click on
** The London Stock Exchange (LSE.L: Quote) is to buy the owner of the Toronto Stock Exchange TMX Group (X.TO: Quote) in an all share deal that will create a mining-dominant exchange at a time of rising commodity prices.
** Millhouse LLC, the investment company of Russian billionaire Roman Abramovich, said on Wednesday it has sold a 25 percent stake in the country's main state-run television channel to the National Media Group. The price of the sale of the stake in Channel One was not disclosed, but business daily Kommersant reported the group paid Millhouse $150 million.
** CSN (CSNA3.SA: Quote), Brazil's largest diversified steelmaking group, has raised its stake in Australian miner Riversdale (RIV.AX: Quote) which is subject to a $3.9 billion takeover bid from global miner Rio Tinto (RIO.AX: Quote) (RIO.L: Quote). To read more, please double click on
** Australia's Centro Properties Group (CNP.AX: Quote) has narrowed down bidders for its $9.5 billion U.S. shopping mall assets to three consortiums, including private equity firm Blackstone Group (BX.N: Quote), a source said.
** Billionaire investor Wilbur Ross is considering joining in an effort to buy oil and gas company Exco Resources Inc (XCO.N: Quote), according to a regulatory filing.
** Footwear retailer DSW Inc (DSW.N: Quote) said it agreed to merge with its largest shareholder Retail Ventures Inc (RVI.N: Quote) in an all-stock deal, and raised its full-year outlook.(By Aditi Sharma,Bangalore & Tina Kwan, Singapore)

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