UPDATE 3-Deals of the day — mergers and acquisitions

(Recasts; Updates ADC Telecommunications, Borders Group)

July 13 (BestGrowthStock) – The following bids, mergers,
acquisitions and disposals involving European, U.S. and Asian
companies were reported by 2000 GMT on Tuesday.

(For Reuters columns on deals, click on [DEALTALK/])

** Tyco Electronics Ltd (TEL.N: ) has agreed to buy broadband
equipment maker ADC Telecommunications Inc (ADCT.O: ) for $1.25
billion in cash, betting on future demand for fiber optics and
diversifying away from its historical automotive connector
business.

To read more, double click on [ID:nN13242571]

** The board of American International Group (AIG.N: ) is set
to meet this week to consider the future of its AIA unit, with
a public float seen as the most likely outcome, sources said.
[ID:nTOE66C00I]

** African Minerals Ltd (AMIq.L: ) has sealed a second
investment deal with a Chinese group for its flagship iron ore
project in Sierra Leone, selling a 25 percent stake to Shandong
Iron & Steel for $1.5 billion. [ID:nLDE66C07Q]

** Mongolian coking coal company Energy Resources LLC aims
to raise between $800 million and $1 billion in a Hong Kong
initial public offering by as early as September, three sources
with knowledge of the matter told Reuters. [ID:nHKU000068]

** South Africa’s Imperial Holdings (IPLJ.J: ) plans to buy
Namibia-based CIC Holdings (CCIJ.J: ) for $95.5 million, as the
industrial conglomerate looks to expands its transport business
across Africa. [ID:nLDE66C1F7]

** Top European paper and board maker Stora Enso’s
(STERV.HE: ) failed acquisition in the United States cost the
company between 2.0 billion euros ($2.5 billion) and 2.7
billion, according to a study published on Tuesday.
[ID:nLDE66C0S0]

UPDATE 3-Deals of the day — mergers and acquisitions