Reuters: Financial Services and Real Estate: Deals of the day -- mergers and acquisitions

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Deals of the day -- mergers and acquisitions May 14th 2012, 13:36 Mon May 14, 2012 9:36am EDT May 14 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Monday: ** A court upheld a decision by Poland's competition watchdog to block the 7.5-billion zloty ($2.3 billion) purchase of utility Energa by its larger state-controlled sibling PGE . ** Ally Financial Inc's mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help set it on a path to repaying $12 billion in bailout money. ** Oil company Genel Energy is to acquire a 23 per cent stake in the Bina Bawi exploration licence in Kurdistan for $175 million to build on its existing presence in the region. ** Golfsmith International Holdings Inc said Canadian golf retailer Golf Town will take it private for about $97.2 million. ** Russia-focused private equity firm Baring Vostok will invest $50 million into Tinkoff Credit Systems (TCS), a fast-growing local mid-sized lender, TCS said at the weekend. ** BMC Software Inc adopted a shareholder rights plan to help stave off a potential acquisition, after hedge fund group Elliott called for a sale of the company and told the business software maker it acquired a more than 5 percent stake. ** Arabtec Holding, UAE's largest builder by market capitalisation, said Aabar Investments owns 20.8 percent in the company, clarifying reports that the Abu Dhabi fund had taken a majority stake in the Dubai firm. ** Private equity firm Triton said it had struck a deal to sell Scandinavian installation services provider Bravida to investment group Bain Capital for an undisclosed sum, the latest deal in the Nordic region's buzzing private equity sector. ** Tii Network Technologies Inc agreed to be bought by Kelta Inc for $33.1 million in cash. Kelta will fund the acquisition with cash on hand and funds under it's current credit facilities. Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions