TFN NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST

TFN NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST

	Published : Thu, 17 May 2007 09:37 By : Agencies Print this Story

2007-05-17 09:13:05

Serco Group says agreed offer for Cornwell declared wholly unconditional

LONDON (Thomson Financial) - Support services provider Serco Group PLC said

its agreed offer for consultancy business Cornwell Management Consultants PLC

has been declared wholly unconditional and it is cutting the required acceptance

level from 90 pct to 70 pct.

2007-05-17 09:11:36

Italy govt divided on motorway concessions reform - report

MILAN (Thomson Financial) - The Italian government is divided on amendments

to a draft reform of motorway concessions and the clearance of the reform could

be delayed, daily Finanza & Mercati said, without citing sources.

2007-05-17 08:58:13

Rayet cancels sell option on 5 pct of Astroc; to acquire additional 5 pct

MADRID (Thomson Financial) - Grupo Rayet said it has cancelled the sell

option it had with CV Capital on its 5.1 pct of Astroc Mediterraneo SA and has

decided to acquire an additional 5 pct of the property group.

2007-05-17 08:48:36

DaimlerChrysler CEO says Daimler to stand aside as sector consolidation unfolds

FRANKFURT (Thomson Financial) - DaimlerChrysler AG chief executive said he

believes the automotive industry will continue to consolidate, but his company

won't be part of it, according to his interview with today's online edition of

Wall Street Journal.

2007-05-17 08:40:03

PAI Partners in talks to buy Kaufman et Broad majority at 55 eur/shr

PARIS (Thomson Financial) - French private equity group PAI Partners said it

is in exclusive talks to buy a majority stake in Paris-listed housebuilder

Kaufman et Broad SA at a price of 55 eur per share.

2007-05-17 08:35:59

INTERVIEW Dresdner Bank CEO says Europe ought to be active in bank consolidation

FRANKFURT (Thomson Financial) - Dresdner Bank AG chief executive Herbert

Walter said European banks should seize the initiative in the ongoing industry

consolidation process if they want to avoid being taken over themselves.