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Thursday, December 26, 2013

Deals of the day- Mergers and acquisitions, (NYSE: VALE)

The following bids, mergers, acquisitions and disposals were reported by 1700 GMT on Thursday: ** French cement maker Lafarge SA said it would sell its remaining 20 percent stake in its former European and South American gypsum operations to Belgian building materials group Etex for 145 million euros ($198 million) in cash.** Vale SA, the world's No. 1 iron ore producer, sold a 44.25 percent stake in purified phosphoric acid producer Fosbrasil SA to Israel Chemicals Ltd for $52 million, according to a securities filing.

Vale SA (Vale) is a Brazil-based metals and mining company. Shares of VALE fell by 0.37% or $-0.055/share to $14.76. In the past year, the shares have traded as low as $12.39 and as high as $21.88. On average, 16629300 shares of VALE exchange hands on a given day and today's volume is recorded at 4170377.