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Deals of the day-Mergers and acquisitions

Published 2015-11-11, 09:02 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Occidental Petroleum, Trelleborg , Thomson Reuters,
Tullett Prebon)
Nov 11 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1400 GMT on Wednesday:

** Occidental Petroleum Corp (N:OXY) OXY.N , the fourth-largest
U.S. oil producer, will sell its stake in the 4-billion-barrel
Zubair oilfield to Iraq's state-run South Oil Co (SOC), Iraqi
oil officials said.

** Swedish industrial rubber maker Trelleborg TRELb.ST and
Germany's Freudenberg are stepping up preparations for a stock
market listing of their jointly held TrelleborgVibracoustic
business, two people familiar with the matter said.

** Anheuser-Busch InBev ABI.BR , the world's biggest
brewer, launched its $100 billion-plus offer for nearest rival
SABMiller SAB.L on Wednesday and agreed to sell the latter's
stake in U.S. venture MillerCoors to help win regulatory
approval.
AB InBev is backing its bid for SABMiller with a record $75
billion syndicated loan, which is the largest commercial loan in
the history of the global loan markets, adviser to the lenders
Allen & Overy said.

** Thomson Reuters Corp TRI.N TRI.TO said it was
exploring strategic options for its Intellectual Property &
Science business, which had revenue of about $1 billion in 2014.

** Anglo-German chipmaker Dialog Semiconductor DLGS.DE
said it was sticking with its plan to buy U.S. peer Atmel
ATML.O , rebuffing activist hedge fund Elliott, which is
seeking to rally co-shareholders to vote against the
acquisition.

** British interdealer brokers Tullett Prebon Plc TLPR.L
and ICAP Plc IAP.L have agreed to combine their voice broking
businesses in a 1.11 billion-pound ($1.68 billion) deal to
better compete in a sector where trading volumes have shrunk.

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** U.S. oil and gas exploration and production company
Anadarko Petroleum Corp (N:APC) APC.N has approached Apache Corp (N:APA)
APA.N with a potential acquisition as low crude oil prices
prompt companies to seek merger partners, according to a person
familiar with the matter.

** Surbana Jurong Private Ltd, a Singapore-based urban
planning consultancy, said it had signed two deals valued at
$69.2 million in total to increase its exposure outside the
city-state and capitalise on growing urbanisation in emerging
markets.

** Germany's biggest utility E.ON EONGn.DE announced an
8.3 billion euro ($8.9 billion) writedown on the value of its
power plants and oil and gas business on Wednesday, showing the
challenges facing the assets ahead of their planned spin-off
next year.

** Aquila Capital has agreed to acquire Smaakraft AS, the
operator and developer of small-scale hydropower plants in
Norway, from a group of Norwegian utilities, the Hamburg-based
asset manager said on Tuesday.

** Osram OSRn.DE , which is selling its traditional light
bulbs business, said it would invest a billion euros ($1.1
billion) in a new factory in Malaysia to make chips for LED
lights and would increase spending on research and development.

** Marathon Petroleum Corp (N:MPC) MPC.N on Tuesday raised the
cash portion of its offer to buy MarkWest Energy Partners LP
MWE.N , the second-largest U.S. natural gas processor, by $400
million to $1.07 billion.

** Ambev SA ABEV3.SA , the Brazilian unit of Belgium's
Anheuser-Busch InBev SA ABI.BR , said on Tuesday it agreed to
buy the Canadian rights to beer and cider brands owned by
Canada's Mark Anthony Group for $350 million.

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** Dell Inc's $67 billion offer to buy data storage company
EMC Corp (N:EMC) EMC.N could be derailed by a tax bill of up to $9
billion, technology news website Re/code reported on Tuesday,
citing sources familiar with the matter.

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