Deals du Jour
U.S. network equipment maker Cisco systems offers to buy Norwegian video-conferencing equipment maker Tandberg ASA for $3 billion in cash. The offer price of NOK 153.5 per share represents a premium of 11 percent to Tandberg’s closing price on Wednesday.
Sanofi-Aventis (SASY.PA) says it has acquired privately-held Fovea, a privately-held firm specialised in eye diseases, for up to 370 million euros.
For these stories and more deals-related news from Reuters, click here.
And here’s what we found in Thursday’s papers:
* ViaSat Inc (VSAT.O), which provides satellite and other wireless networking systems, has agreed to buy Wild Blue Communications Inc for more than $565 million, the Wall Street Journal reports. The deal is a combination of $440 million in cash and $125 million in new Viasat shares. Wild Blue is owned by Liberty Media Corp (LINTA.O).
* British Airways (BAY.L) has a chance of finalising its proposed merger with Iberia (IBLA.MC) by the end of the year and is also keen to make an offer for BMI, BA Chief Executive Willie Walsh told the Financial Times.
* Hershey Co (HSY.N) “remains stymied” in its ability to assemble a takeover offer for Cadbury Plc (CBRY.L), leaving Kraft Food Inc (KFT.N) as the sole bidder for the British confectioner, the Wall Street Journal reports.