Deals

Ericsson in pole position to buy Nokia Siemens unit: report

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STOCKHOLM - Ericsson, the world's top mobile network infrastructure supplier, is in pole position to buy the business support systems (BSS) unit of rival Nokia Siemens Networks (NSN), Dow Jones Newswires reported on Monday.

Hon Hai chairman demands management role at Japan's Sharp 5:55am EDT

TOKYO/TAIPEI - Hon Hai Precision Industry Co Ltd's chairman is demanding a management role at Sharp Corp as part of an equity tie-up, stepping up the pressure on the Japanese TV maker to give him greater influence in the company in return for badly needed cash.

Fresenius pulls the plug on Rhoen takeover bid 7:34am EDT

FRANKFURT - German healthcare conglomerate Fresenius has dropped its attempt to take over Rhoen-Klinikum after two other companies bought stakes to block the 3.1 billion-euro ($3.9 billion) merger of Germany's two biggest private hospital operators.

EU to clear Universal's $1.9 billion bid for EMI: sources 10:22am EDT

BRUSSELS - Universal Music Group will win EU approval for its $1.9 billion purchase of EMI with its offer to sell global rights to some of EMI's most valuable record labels and catalogues, two people familiar with the deal said on Monday.

Algeria says talks on acquiring Vimpelcom unit continue 12:10pm EDT

ALGIERS - Algeria's finance minister denied speculation that its talks on acquiring a controlling stake in local mobile phone unit Djezzy from emerging markets telecoms operator Vimpelcom had stalled.

Brookfield to buy 5 percent of Abertis shares in OHL Brazil deal 2:23pm EDT

MADRID - Spanish toll road operator Abertis said on Monday U.S. fund Brookfield Infrastructure would buy 5 percent of the firm's shares as part of a joint deal to buy a stake in OHL's highway assets in Brazil.

Valeant boosts skin care offering with $2.6 billion Medicis deal 6:26pm EDT

- Valeant Pharmaceuticals International Inc agreed on Monday to buy Medicis Pharmaceutical Corp for $2.6 billion in cash, in a deal that will add Botox competitor Dysport and other skin care drugs to its portfolio.

Vodafone, Zain in Middle East partner deal 2:44am EDT

LONDON - Vodafone said it has agreed a deal with Kuwait-based telecoms operator Zain that would expand the global telecoms group's presence in the Middle East.

Chalco drops $926 million bid for Mongolian coal miner 7:22am EDT

HONG KONG - Chalco has dropped its $926 million bid for a majority stake in Mongolia-focused coal miner SouthGobi Resources Ltd in the face of stiff political opposition.

Buyer to use bankrupt Saab to go electric 6:18am EDT

STOCKHOLM - The buyer of bankrupt Saab completed the deal to acquire most of its assets in a step that advanced its plans to make electric vehicles but said it would not be able to use the Swedish automaker's distinctive griffin head logo.

Deals

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