DealZone

DealZone Daily

Reckitt Benckiser shares rise 2 percent — so markets are taking notice of the Daily Telegraph’s “latest tale” that the UK group could link up with Colgate-Palmolive. Benckiser is worth roughly $37 billion in the market, Colgate some $41.2 billion, so a deal would be humongous. And this just in: J.P. Morgan Cazenove will become a fully-owned part of J.P. Morgan, as the U.S. investment bank buys out its joint-venture partner Cazenove Group.

Finally, Blackstone Group’s Pinnacle Brands Corp is likely to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, according to the Wall Street Journal.

For the latest deals news from Reuters, click here.

Dealzone Daily

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.

Deals du Jour

Royal Bank of Scotland is talking to investors to gauge support for a “modest” equity placement of 3 to 4 billion pounds, a source tells us, as it tries to limit government control.  JPMorgan and Cazenove are thought to be close to agreeing a price for Cazenove’s share of their J.P. Morgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper says.

For these and other Reuters stories on deals, click here. And for Monday’s stories in other media (some of the links may require subscription):

German power giant E.ON is in advanced talks with potential partners to build new solar power plants in Andalusia, southern Spain, its chief executive tells Spanish daily Expansion.