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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.6100.0%May 25 3:59 PM EDT

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From: richardred3/25/2008 7:45:11 AM
   of 6275
UPDATE 1-Deals of the day -- mergers and acquisitions
Tue Mar 25, 2008 5:17am EDT

March 25 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Tuesday.

(For Reuters columns on deals, click on [DEALTALK/])

** ArcelorMittal SA (ISPA.AS: Quote, Profile, Research) (MT.N: Quote, Profile, Research), the world's largest steelmaker, said it will increase to 49.95 percent its stake in Noble International Ltd (NOBL.O: Quote, Profile, Research), a provider of parts, component assemblies and services to the auto industry. [nWEN4651]

** Packaging firm Ess Dee Aluminium's (ESDA.BO: Quote, Profile, Research) founder said he has pledged 22.5 percent of his stake to IL&FS Trust for 1 billion rupees as a guarantee for the revival of ailing India Foils (IFLS.BO: Quote, Profile, Research). [nBOM31838]

** Fuels and petrochemicals group Sasol (SOLJ.J: Quote, Profile, Research) will sell a 10 percent stake to black investors in South Africa's biggest black economic empowerment transaction to date worth 25.9 billion rand ($3.19 billion). To read more, please double click on [nWEB9530]

** Oil tanker group Frontline (FRO.OL: Quote, Profile, Research) said it and firms directly controlled by its main owner John Fredriksen have a 5.2 percent stake in Overseas Shipholding Group (OSG.N: Quote, Profile, Research) and a forward contract on 4.4 percent more. [nL25161775]

** Inchcape Plc (INCH.L: Quote, Profile, Research) said it bought remaining 24.9 percent stake in its St Petersburg business, in continued expansion into Russia, for a total cash consideration of $54.8 million from existing facilities. [nWLB8941]

** Polish insulin maker Bioton BOTN.WA said it had put on hold its acquisition of Ukrainian firm Indar after it learnt the Ukrainian state had lost control over the stake it had sought. [nL25273784] (Compiled by Neetha Mahadevan in Bangalore)
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