Reuters: Bankruptcy News: Deals of the day -- mergers and acquisitions

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Deals of the day -- mergers and acquisitions Feb 26th 2013, 10:30 Tue Feb 26, 2013 5:30am EST Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday: ** Polish state-owned utilities PGE and Energa agreed to buy Iberdrola's 75 percent stake in Renewables Polska for 840 million zlotys ($268 million), PGE said on Tuesday. ** Nestle has agreed to buy U.S. medical foods company Pamlab, the latest in a string of recent acquisitions as the world's biggest food group expands in health and nutrition. ** U.S. aluminum producer Ormet Corp has filed for Chapter 11 bankruptcy protection, hurt by low aluminum prices and high power costs, and agreed to sell its business to investment firm Wayzata Investment Partners, court documents showed. ** Belgian natural gas infrastructure company Fluxys has teamed up with private equity firm Global Infrastructure Partners (GIP) to bid for Czech gas transmission system Net4Gas, Belgian business daily De Tijd said. ** Private equity firm Carlyle Group LP is preparing to sell aerospace and defense company Arinc Inc and hired JPMorgan Chase and Evercore Partners Inc to advise on the process, three people familiar with the matter said on Monday.

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