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Friday, April 29, 2011

Deals of the day -- mergers and acquisitions

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Friday. ** Kohlberg Kravis Roberts & Co is in talks to buy Singapore-listed abalone farmer Oceanus Group Ltd in a deal that may be worth around $500 million, three sources with direct knowledge of the matter told Reuters. ** Europe's largest hotel group Accor said on Friday it was looking to sell its Lenotre gourmet food catering unit to further reduce its debt and accelerate its refocusing on its core hotel business.

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