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Deals of the day — mergers and acquisitions

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The following bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies were reported by 2000 GMT on Friday:

** A consortium led by Australian coal magnate Nathan Tinkler has offered $5.3 billion to take Whitehaven Coal private in a bold play on sector that has seen prices slump and the demand outlook weaken.

** An infrastructure fund manager that has severed ties with bailed-out insurer American International Group is in advanced discussions to buy Veolia Environment SA’s U.S. waste management business, in a deal that could be valued at as much as $2 billion, according to three people familiar the matter.

** U.S. private equity firm Bain Capital is in advanced talks with the Government of Singapore Investment Corp (GIC) to make a joint bid for a 40 percent stake in IT outsourcing company Genpact for $1.5 billion to $2 billion, three sources with direct knowledge of the matter said.

Read More At: Reuters

Filed under Deals Mergers Acquisitions U.S AIG IT Takeover

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