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Deals of the day -- mergers and acquisitions

Published: 28 Jul 2009 20:20:23 PST

July 29 - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Wednesday.

** National Australia Bank (NAB), the nations top lender, has agreed to buy 80.1 percent of Goldman Sachs JBWere's private wealth management business in Australia and New Zealand, both parties said. To read more, please double click on

** Pipeline partnership Targa Resources Partners LP said it agreed to buy the natural gas liquids business of parent company Targa Resources Inc for $530 million in cash and stock.

** The $1.13 billion sale of Nortel Networks' prized wireless assets to Swedish telecoms equipment maker Ericsson received the blessing of Canadian and U.S. courts, with a U.S. bankruptcy judge praising the bidding process.

** Reinsurer PartnerRe Ltd said it has negotiated the purchase of about 19.5 percent additional Paris Re shares as part of its bid to buy the smaller rival in a $2 billion deal.


Source: Reuters

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