Yes, no, maybe so

October 22, 2008

It was a busy day for global dealmakers, with some deals going ahead, some being scuttled and yet others being given further consideration. Here are some of the key deals of the day:

** Russia‘s National Reserve Bank (NRB), a mid-sized lender controlled by billionaire Alexander Lebedev, will buy out troubled Russian Capital bank for a nominal price, NRB Chairman Arkady Kolodkin said on Wednesday.

** Value investment firm Southeastern Asset Management has boosted its stake in Sun Microsystems Inc and has talked to the computer hardware company about its strategic alternatives.

** Saputo Inc said that it planned to buy the Neilson Dairy division of George Weston Ltd for C$465 million ($372.5 million), boosting its presence in the Ontario fluid milk market.

** Media magnate Sumner Redstone does not plan to sell any more shares in Viacom Inc or CBS Corp, two companies he controls, he told cable television network CNBC.

** Deutsche Lufthansa is not in talks now to merge its Germanwings airline unit with TUI AG’s TUIfly carrier, a spokesman for Lufthansa said.

** General Motors Corp is exploring the sale of ACDelco, its global aftermarket parts business, to raise cash, the No. 1 automaker said.

** Icelandic bank Straumur-Burdaras is in talks with troubled Landsbanki to buy parts of its UK business after ditching a similar deal earlier this month, a source familiar with the situation said.

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