DealZone

Dealzone Daily

November 16, 2009

Cisco says more than 40 percent of Tandberg shareholders are backing its bid for the Norwegian group now that Cisco has raised its offer to value the group at $3.4 billion.

Canon plans to buy Dutch copier and printer maker Oce for $1.1 billion. For these, and other merger Monday stories, click here.

And here’s what we found of interest in other media.

U.S. investment bank J.P. Morgan will offer 500 to 525 pence per share to buy out the 50 percent stake it does not already own in its UK stockbroker joint venture with Cazenove, according to media reports, such as in the Financial Times.

UC RUSAL, the world’s largest aluminium producer, is close to a deal to restructure $7.4 billion in debt to foreign banks which is crucial for the Russian firm’s planned $2 billion IPO in December, the Wall Street Journal says.

Jaguar Land Rover is expected to announce today that it has secured a 170 million-pound ($282.5 million) working capital facility from GE Capital, according to the Financial Times.

Germany’s largest steelmaker ThyssenKrupp has sold its U.S. scaffolding unit Safway to Odyssey Investment Partners for an undisclosed price, Handelsblatt newspaper reports.

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