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

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Deals of the day -- mergers and acquisitions Mar 11th 2013, 10:15 March 11 | Mon Mar 11, 2013 6:15am EDT March 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1015 GMT on Monday: ** Hostess Brands Inc creditor Silver Point Capital and hedge fund Hurst Capital have expressed interest in buying Hostess's snack cake brands, including Twinkies, the New York Post reported. ** National Bank of Bahrain (NBB) and a local pension fund will buy a 51.6-percent stake in Bahrain Islamic Bank from its Kuwaiti owner in the latest consolidation move in the island kingdom's banking sector. ** The Philippine unit of Asia's biggest budget airline AirAsia Bhd has agreed to acquire 49 percent of small-scale regional carrier Zest Airways, as it moves to turn its Philippine business into a money-making operation. ** Dutch and French airport operators Schiphol and Aeroports de Paris are interested in bidding together for a stake in Rio de Janeiro's airport which has been put up for sale by Brazil. ** Austrian lender Erste Group Bank unveiled a permanent offer for the shares in Romanian unit BCR it does not already own, it said on Monday, with the price initially set at 0.75 Romanian leu ($0.22) per share. ** Private equity firm TPG Capital has purchased the highly sought after assets of Australian poultry firm Ingham Enterprises, Bob Ingham confirmed in a statement on Saturday. Ingham wouldn't confirm the deal valued Australia's largest poultry producer at around A$1 billion ($1.02 billion) and that TPG paid more than A$850 million, including a small cash earn-out, as reported by the Australian newspaper on Saturday. ** BHP Billiton Ltd, the world's largest miner, is concentrating on about 10 assets as it looks for opportunities to divest to cut debt and simplify the business, the company said on Saturday. Link this Share this Digg this Email Reprints

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