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Thursday, December 20, 2012

Deals of the day -- mergers and acquisitions, (NASDAQ: CG), (NASDAQ: FMCN), (NYSE: SD)

The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday: ** Display-advertising provider Focus Media Holding Ltd said on Wednesday it had agreed to be acquired by a consortium led by Carlyle Group LP for about $3.7 billion in what would be the largest ever private equity deal in China.** U.S. oil and gas company SandRidge Energy Inc, which is facing calls from two top investors to replace its board and chief executive, struck a deal on Wednesday to sell its Permian Basin properties in west Texas to privately held oil and gas company Sheridan Production Partners for $2.6 billion.

Shares of CG remained unchanged at $26.11. In the past year, the shares have traded as low as $20.00 and as high as $27.90. On average, 88531 shares of CG exchange hands on a given day and today's volume is recorded at 0.

Focus Media Holding Limited (Focus Media) is a multi-platform digital media company, operating liquid crystal display (LCD) display network in the People?s Republic of China using audiovisual digital displays in commercial and residential locations. Shares of FMCN remained unchanged at $25.52. In the past year, the shares have traded as low as $16.80 and as high as $30.08. On average, 1827660 shares of FMCN exchange hands on a given day and today's volume is recorded at 0.

SandRidge Energy, Inc. (SandRidge) is an independent oil and natural gas company. Shares of SD remained unchanged at $6.50. In the past year, the shares have traded as low as $4.81 and as high as $9.04. On average, 15218900 shares of SD exchange hands on a given day and today's volume is recorded at 0.



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