May 26, 2011 / 9:07 AM / in 9 years

Deals of the day -- mergers and acquisitions

(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]

** Hedge fund manager David Einhorn is set to acquire a minority stake in the New York Mets, in a $200 million deal that could put him in a position to take control of the cash-strapped baseball team. [ID:nN26247232]

** Azeri state energy firm SOCAR plans to buy 1.6 percent of a major Caspian oilfield, Azeri-Chirag-Guneshli (ACG), from BP , its partner in the project. [ID:nANT643904]

** Indian television network Zee Entertainment Enterprises and a unit of Rupert Murdoch’s News Corp , Star India, have joined hands to distribute their television channels in the domestic market, the companies told reporters on Thursday. [ID:nL3E7GQ1AU]

** Coal India , the world’s largest coal miner, is in advanced talks to buy up to 40 percent of Indonesia’s Golden Energy Mines for as much as $1 billion, three sources with direct knowledge of the deal said on Thursday. [ID:nL3E7GQ1CC]

** British online gaming firm Sportingbet has agreed to buy Australia’s Centrebet International Ltd for A$183 million, funding the deal with a discounted share sale and bond issue. [ID:nL3E7GP2FE]

** Charter Hall Office REIT has received an offer of more than $1.68 billion from Apollo Global Management LLC and Broadway Partners for its U.S. real estate holdings, Bloomberg reported, citing three people with knowledge of the bid. [ID:nL3E7GQ08O]

** Australia’s biggest pay-tv firm, Foxtel, has made a $2 billion takeover bid for rival Austar in a deal aimed at reviving subscriber growth and taking on competition from free-to-air television stations. [ID:nL3E7GQ00Q]

** British American Tobacco Plc on Thursday said it had agreed to buy the privately owned Productora Tabacalera de Colombia, S.A.S. (Protabaco), the second-largest cigarette company in Colombia, for $452 million. [ID:nLDE7161TC]

** Italian state holding company Cassa Depositi e Prestiti (CDP) has given a mandate to its CEO to conclude the acquisition from oil and gas group Eni of its stake in gas pipeline TAG, CDP chairman Franco Bassanini said on Thursday. [ID:nWEA3326]

** Lloyds shares gained ground on Thursday as Virgin Money stepped up its bid interest in 600 retail branches which the British bank has been ordered to sell by regulators.

Virgin Group boss Richard Branson, whose parent company runs the Virgin Money brand, told the Financial Times that he was planning to make a formal bid for the 600 Lloyds branches in July. [ID:nLDE74P056] (Compiled by Aniket Basu in Bangalore)

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