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TFN NEWS BRIEFING: Mergers and acquisitions highlights to 15:50 BST

2008-08-27 15:49:18 UBI CEO says acquisitions unlikely at moment, no contacts with Banco Popolare

MILAN (Thomson Financial) - UBI Banca CEO Giampiero Auletta Armenise said that acquisitions are unlikely at the moment, adding that there are no contacts under way with Banco Popolare.

2008-08-27 13:28:44 Schaeffler secures 8.06 pct of Continental AG shares hours before offer ends

HERZOGENAURACH, Germany (Thomson Financial) - Continental AG. shareholders representing 8.06 percent of the company's stock by Tuesday night had agreed to tender their holdings in the automotive supplier to Schaeffler Group, the family-owned maker of ball bearings said.

2008-08-27 13:06:11 Cisco Systems to buy privately-held PostPath for $215 million

NEW YORK (Thomson Financial) - Cisco Systems Wednesday said it would buy the privately-held PostPath, Inc. for $215 million.

2008-08-27 13:04:51 IKON Office to be bought by Ricoh for $1.6 billion in cash

NEW YORK (Thomson Financial) - IKON Office Solutions Wednesday it would be bought by Ricoh Company, Ltd. for $1.6 billion in cash.

2008-08-27 12:34:43 GDF says interested in marketing Shtokman gas

STAVANGER, Norway, Aug 27 (Reuters) - France's GDF Suez, Europe's largest utility, is interested in marketing gas from the Shtokman project in the remote Barents Sea when it comes onstream, a senior executive said on Wednesday.

2008-08-27 12:19:56 China Brilliance says had approach but no FAW talks

SHANGHAI, Aug 27 (Reuters) - Brilliance Auto, Bayerische Motoren Werke's partner in China, has been approached about a possible takeover but has not discussed a merger with larger rival FAW Group, as reported in domestic media, its chairman said on Wednesday.

2008-08-27 12:12:22 Pharmstandard to buy Afobazol trade mark for $91.5 mln

LONDON (Thomson Financial) - Russian pharmaceutical company OJSC Pharmstandard said it has agreed to buy Afobazol trade mark for $91.5 million adding that the deal is expected to close by year-end.

2008-08-27 12:04:01 EU to look at Alitalia rescue positively-Tajani

RIMINI, Italy, Aug 27 (Reuters) - The European Commission has no choice but to view a rescue of Alitalia with the help of private investors in a positive manner, Transport Commissioner Antonio Tajani said in a speech to a conference.

2008-08-27 12:03:41 Japan regulators eye BNP Paribas financing deal

TOKYO, Aug 27 (Reuters) - Japan's financial regulator is looking into a deal between French bank BNP Paribas and a collapsed property developer amid criticism over its disclosure and concerns insider trading laws may have been breached, sources at the regulator said.

2008-08-27 11:58:32 1-Adecco set Sept 30 deadline for Michael Page bid

LONDON, Aug 27 (Reuters) - Swiss recruitment agency Adecco has been set a deadline of 1600 GMT on Sept. 30 to decide whether to make a formal offer for British rival Michael Page .

2008-08-27 11:47:14 BRIEF-Adecco says no assurance an offer for Michael Page will be made

ZURICH, Aug 27 (Reuters) - Adecco SA :

* Says no assurance an offer for Michael Page International Plc will be

made, further announcement will be made when appropriate tf.TFN-Europe_newsdesk@thomson.com ak

2008-08-27 11:46:52 1-Italy would welcome Air France-Alitalia tie-up

RIMINI, Italy, Aug 27 (Reuters) - Italy's centre-right government would welcome a tie-up between Air France-KLM and a restructured Alitalia, a minister said, rowing back on its staunch opposition to a failed deal between the two carriers.

2008-08-27 11:33:37 Adecco set Sept 30 deadline for Michael Page bid

LONDON, Aug 27 (Reuters) - Swiss recruitment agency Adecco has been set a deadline of 1600 GMT on Sept 30 to decide whether to make a formal offer for British rival Michael Page following a ruling by the UK's Takeover Panel.

2008-08-27 11:16:48 SVTC Technologies says will not be raising offer for EAG Ltd., bid to lapse

LONDON (Thomson Financial) - SVTC Technologies LLC said it will not raise its offer for EAG Ltd., after the revised offer of 130 pence per EAG share was posted by EAGI.

2008-08-27 10:56:05 1-Singapore's UOB to offer S$1 bln preference shares

SINGAPORE, Aug 27 (Reuters) - Singapore's United Overseas Bank said on Wednesday it will offer S$1 billion ($705.7 million) in preference shares to boost its tier-one capital, following the footsteps of local rivals DBS Group and Oversea-Chinese Banking Corp .

2008-08-27 10:45:04 EU merger reviews at a glance outlook

BRUSSELS (Thomson Financial) - The following mergers and joint-venture agreements have been notified to the European Commission for regulatory clearance: PHASE ONE INVESTIGATIONS

2008-08-27 10:30:47 Atlantia to invest 100-150 mln euros in Alitalia

ROME, Aug 27 (Reuters) - Italian toll-road operator Atlantia will invest between 100-150 million euros in a restructured Alitalia , the road company's CEO Giovanni Castellucci said.

2008-08-27 10:20:56 Italy would welcome Air France-Alitalia link-up

ROME, Aug 27 (Reuters) - Italy's centre-right government "would be pleased" if Air France-KLM were to decide to collaborate with a restructured Alitalia , the infrastructure minister said on Wednesday.

2008-08-27 10:19:29 1-GE's Australia sale deadline extended-source

SYDNEY, Aug 27 (Reuters) - General Electric Co has extended the deadline for bids for its Australian mortgage business, worth a potential A$200 million ($171 million), a source with direct knowledge of the matter told Reuters on Wednesday.

2008-08-27 10:02:02 Colaninno's holding to review Alitalia plan

MILAN, Aug 27 (Reuters) - IMMSI , the holding company of the man who is set to become chairman of the successor to Alitalia , is to review plans to buy a stake in it.

2008-08-27 09:39:51 BRIEF-Baloise CEO says looking intensively for buys

ZURICH, Aug 27 (Reuters) - Baloise AG :

* CEO says group is looking intensively for acquisitions, but does not have any

concrete takeover plans

* CEO says group has assessed and dismissed several acquisiton targets tf.TFN-Europe_newsdesk@thomson.com ak


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