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

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Deals of the day -- mergers and acquisitions Aug 16th 2013, 10:01 Fri Aug 16, 2013 6:01am EDT Aug 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday: ** A U.S. bankruptcy judge on Thursday held off approval of a restructuring plan for American Airlines, citing a U.S. government challenge this week to the airline's proposed merger with US Airways Group Inc. American's parent company, AMR Corp, worked out the $11 billion merger with US Airways as part of a plan to exit bankruptcy, where it has been since 2011. ** IBM, the world's biggest technology services company, said on Thursday it has agreed to buy Trusteer, a company that helps businesses fight computer viruses and fraud. A person familiar with the matter said IBM was paying close to $1 billion for Trusteer, making it the company's second-largest acquisition of a security company after its 2006 purchase of Internet Security Systems for about $1.3 billion. ** Leonard Green & Partners LP is exploring a sale of Brickman Group Holdings Inc that could value the largest commercial landscaping company in the United States at up to $1.5 billion, three people familiar with the matter said this week. ** Taiwan's Formosa Plastics Group has agreed to invest $1.15 billion as part of a deal to buy nearly a third of a new iron ore project in Australia from partners Fortescue Metals Group and China's Baoshan Iron & Steel (Baosteel) . Fortescue Metals Group is still pursuing a sale of a minority stake in its TPI rail and port infrastructure unit. ** South Korean financial behemoth Woori Finance put up for sale a controlling stake in its brokerage unit Woori Investment & Securities Co Ltd on Friday, in a deal that analysts say may top 1.2 trillion won ($1.07 billion). ** L'Oreal SA has offered to buy Chinese facial mask maker Magic Holdings International Ltd for HK$6.54 billion ($840 million), a move that would put the world's largest cosmetics group in the lead of the fastest growing sector in China's $15 billion skincare market. ** Amgen Inc, the drugmaker in advanced discussions to buy Onyx Pharmaceuticals Inc, has asked Onyx for some of the data from an ongoing trial on the company's new blood cancer drug, two people familiar with the matter said on Thursday. ** A pair of private equity executives who own a majority of the Philadelphia 76ers basketball team on Thursday reached a deal to acquire the New Jersey Devils hockey team and its arena. Joshua Harris and David Blitzer bought the team from former owner Jeffrey Vanderbeek. They declined to disclose the purchase price, though The Record newspaper of New Jersey valued the deal at $320 million. ** A unit of Malaysian autos-to-property conglomerate DRB-HICOM is seeking government approval to sell Uni Asia Life Assurance Bhd in a deal valued at 518 million ringgit ($158.10 million). ** Russian state development bank Vnesheconombank, or VEB, is continuing to sell down its 5.02 percent stake in Airbus's parent EADS with the proceeds destined for local plane maker Sukhoi, Vedomosti newspaper said on Friday. ** Indian snack maker Balaji Wafers is in separate talks with private-equity funds, including Blackstone Group and Actis, to raise between $100 million and $125 million, two sources with direct knowledge of the matter told Reuters. Link this Share this Digg this Email Reprints

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