DealZone

DealZone Daily

April 19, 2010

United Airlines has restarted merger talks with Continental Airlines as it eyes the top spot as the world’s largest air carrier. The two laid much of the ground work for a deal in 2008 but decided to puruse an alliance instead. A deal could leave US Air jilted despite four months of negotiations with United but, in a further twist to the aerial saga, United has also raised the topic of a deeper three-way cooperation between the airlines.

Top Macarthur Coal shareholder CITIC Resources said it has not yet decided whether to support a A$16 a share offer from Peabody Energy valuing the Australian miner at $3.8 billion. The 22.4 percent stakeholder said it needs more information to make a final decision on the Peabody bid.

Prudential’s Asia CEO said the British insurer is under no pressure from its shareholders to cut the $35.5 billion purchase price for AIG’s Asian life insurance unit.

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In other media:

Newmont Mining Corp, the world’s second-largest gold producer, is holding preliminary talks with advisers to takeover target Australia’s Lihir Gold, The Australian Financial Review reported.

State-owned German transport group Deutsche Bahn is poised to make a 1.6 billion pound ($2.6 billion) bid for British train and bus operator Arriva, according to the Times.

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