Mergers & Acquisitions

UPDATE 1-First Niagara sells $3.1 bln mortgage-backed securities

June 27 - First Niagara Financial Group Inc said it sold $3.1 billion of mortgage-backed securities and used the proceeds to repay short-term debt.

UPDATE 3-Mexican tycoon Slim scores new win in Europe

* America Movil says will acquire stake as originally planned

Brazil's Equatorial bids for troubled rival Celpa

SAO PAULO, June 27 - Brazilian electricity utility Equatorial Energia placed a formal bid for control of debt-laden power distributor Celpa, according to a securities filing on Wednesday.

News Corp board expected to approve split

June 27 - Rupert Murdoch will oversee one of the most important board meetings of his more than 40-year career on Wednesday afternoon as News Corp directors vote on whether to divide the $60 billion media conglomerate into two separate publicly traded companies.

UPDATE 1-Cigna to buy Arcadian's medicare plans from Humana

June 27 - Cigna Corp said it agreed to buy some Medicare Advantage plans in Texas and Arkansas from health insurer Humana Inc.

UPDATE 2-T-Mobile USA CEO calls it quits after two years

NEW YORK, June 27 - Barely two years after signing on as chief executive with T-Mobile USA, Philipp Humm is leaving the company and will be succeeded on an interim basis by Jim Alling.

Deals of the day -- mergers and acquisitions

June 27 - The following bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies were reported by 2000 GMT on Wednesday:

UPDATE 1-Brazil may cancel, pay for 'strategic' mine rights-sources

RIO DE JANEIRO, June 27 - Brazil is considering cancelling some mineral rights in areas considered "strategic" and compensating mining companies for prospecting work done on those claims, high-level Brazilian government and mining industry officials told Reuters.

Deals

M&A; ($B)

 
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Global M&A; Industires ($B)