DealZone Daily

March 1, 2010

Merger Monday at long last? Spearheaded by British inusrer Prudential buying American International Group’s Asian life insurance unit for about $35.5 billion, the start of the week sees a swathe of deals¬†announced.

Prudential confirms it is in advanced talks to buy the Asian arm of American International Group. The sides are finalizing the terms and financing, which will see Pru launch a $20 billion rights offer.

And others:

German pharmaceutical company Merck KGAA agrees to buy Millipore for around $7.2 billion, including net debt.

Oil and gas major Royal Dutch Shell is selling a number of assets, including its European liquid petroleum gas businesses, to fund a 28 billion pound capital spending programme, the FT reports, citing unnamed sources.

U.S. private equity firm TPG has emerged as a front runner to buy Dow Chemical’s Styron plastics business, the Wall Street Journal says, citing several people familiar with the matter.

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