Deals of the day -- mergers and acquisitions

giovedì 26 maggio 2011 21:59

(Adds Tullow Oil, Target, Minerva, New York Mets)

May 26 (Reuters) - The following bids, mergers, acquisitions and disposals, involving U.S., European and Asian companies were reported by 2000 GMT on Thursday.

** British oil firm Tullow Oil said it agreed to pay Ghanaian company EO $305 million for its oil interests off the coast of Ghana in a deal that will raise Tullow's exposure to the key Jubilee oil field. [ID:nLDE74P1UT]

** Target Corp has picked the first Zellers locations that it plans to buy and will pay half of the C$1.825 billion purchase price in the coming days as it gets ready to open its first Canadian stores in 2013. [ID:nN26123202]

** Debt-laden British property developer Minerva said it had received a possible takeover offer from a consortium of real estate investors valuing the company at 194.3 million pounds ($309.7 million). [ID:nLDE74P0AP]