DealZone Daily

April 9, 2010

In Australia, miner New Hope Corp makes a surprise $3.5 billion offer for its rival Macarthur Coal — topping an earlier bid from St. Louis-based Peabody Energy. Macarthur has rejected the bid. An unsourced story in the Australian Financial Review says that a third bidder — London-listed Xstrata — has approached leading Macarthur shareholders about a possible bid for the Brisbane-based miner. Read our story here.

Less enthusiasim in the United States for a plan to merge U.S. United Airlines with US Airways Group. Pilots of the former have lashed out against efforts to create one group. Tough antitrust enforcement could turn out to be another stumbling block to a merger.

In Europe, there is little news from the deals front. UK insurer Aviva is scrambling to re-enter Asia, re-entering that market five years after selling its non-life operations there. Surely an aftershock from Prudential‘s $35.5 billion swoop on AIG’s Asia assets?

Read all deals news from Reuters here. And in other media:

A planned initial public offering (IPO) of private equity-owned hospital chain HCA Inc could be worth up to $4.5 billion, says CNBC.

Billionaire investor Ron Burkle’s Yucaipa Cos has offered to pay $600 million for Walt Disney Co’s  Miramax, Bloomberg cites anonymous sources as saying.

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