COMPANIES

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Allied Healthcare confirms Supporta bid approach

Allied Healthcare International (AHCI.O) said it had made an indicative cash offer for homecare services provider Supporta (SOR.L), sparking the prospect of a bidding war with British social housing provider Mears (MERG.L).

Telefonica buys Internet phone provider Jajah

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Spain's Telefonica (TEF.MC) said on Wednesday its O2 unit had bought voice-over-Internet-protocol provider Jajah for 145 million euros ($207.6 million). The all cash deal is subject to approval by Spain's antitrust authorities, Telefonica said.
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Nortel seeks buyer for Carrier VoIP business

Bankrupt telecom equipment maker Nortel Networks Corp (NRTLQ.PK) has sought court approval to sell certain assets of its Carrier voice over Internet protocol and application solutions business to Genband Inc for $282 million, court papers showed.
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NY's Tavern on the Green to sell art, chandeliers

New York's famed restaurant and celebration spot Tavern on the Green has asked a bankruptcy court to approve the sale of its tableware and art, including Tiffany stained glass, murals and etched mirrors, at a mid-January auction.
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Agrium has conditional U.S. antitrust OK for CF deal

Canadian fertilizer maker Agrium Inc (AGU.TO), which is attempting a hostile takeover of rival CF Industries (CF.N), has won U.S. antitrust approval of the proposed transaction after agreeing to sell two plants, the Federal Trade Commission said on Wednesday.
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China's new cash cow: Tech firm spin-offs

Chinese Internet firms are eyeing more spin-off offerings after raising nearly $1.5 billion this year as they bank on strong foreign interest in high growth China plays.
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US mortgage applications drop to two-month low

Demand for U.S. home loans fell last week to the lowest level in almost two months even though mortgage rates held steady below 5 percent, the Mortgage Bankers Association said on Wednesday.
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Dubai's Deyaar says not in merger talks

Dubai developer Deyaar said it is not in merger talks, and said it remained focused on exploring growth opportunities in the United Arab Emirates and other markets.
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Harassed Nestle halts Zimbabwe operations

Swiss food company Nestle has suspended operations in Zimbabwe, complaining of harassment after it pulled out of a deal to buy milk from a farm taken over by President Robert Mugabe's family.
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Volvo Cars sale to Geely seen closing in Q2 '10

U.S. carmaker Ford said it expected to close a deal to sell Volvo Cars to China's Zhejiang Geely in the second quarter of 2010, in the latest in a string of deals between Asian and Western carmakers.
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SNC-Lavalin buys Brazilian engineering firm

SNC-Lavalin Group Inc (SNC.TO) said on Tuesday it had bought an engineering business in Brazil, an acquisition one analyst expects will be followed by others as Canada's biggest engineering company dips into its sizable cash pile.
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Boeing tightens grip on Dreamliner assembly

Boeing has gained complete control of critical Dreamliner 787 assembler Global Aeronautica, LLC as it looks forward to boosting manufacturing productivity of its much-delayed new plane.
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Jones Soda gets buyout offer from private beverage co

Jones Soda Co (JSDA.O), which is exploring strategic alternatives, said privately held beverage company Big Red Holdings Corp offered to buy it for 30 cents per share, a 55 percent discount to the stock's Monday close.
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Danfoss to buy rest of Sauer-Danfoss for $118.8 mln

Danish industrial group Danfoss A/S said it intends to offer about $118.8 million for the remaining stake in Sauer-Danfoss Inc (SHS.N), which makes hydraulic and electronic systems for mobile equipment.
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Japan won't guarantee loans to struggling JAL

Japan's government will not offer guarantees on funding to Japan Airlines Corp (9205.T), Finance Minister Hirohisa Fujii said on Tuesday, eliminating one potential support for the carrier as it struggles for survival.
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Saudi Kayan receives four bids in plant retender

Saudi Kayan Petrochemical Co, 2350.SE, a unit of Saudi Basic Industries Corp 2010.SE (SABIC) has received four bids in a retender to build a petrochemical plant at its complex in Jubail, industry sources said on Tuesday.
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Commercial Metals posts Q1 loss, sees weak Q2

Commercial Metals Co (CMC.N) posted a first-quarter loss, hurt by lower steel demand and prices at its Americas fabrication and distribution segment, and expects the second quarter to be in line with the current quarter's results.
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Zambia Jan-Oct copper output rises - cbank

Copper output in Zambia, Africa's largest producer of the metal, rose to 573,405 tonnes between January and October this year, compared with 480,665 tonnes in the same period last year, the central bank said on Tuesday
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Bancorp urges shareholders to reject takeover bid

Canadian merchant bank C.A. Bancorp Inc (BKP.TO) urged shareholders on Tuesday to reject a C$1.22 per share bid from private equity firm Maxam, saying the offer was too low and that it was talking to third parties.
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DFM's bid for Nasdaq Dubai hits Nasdaq pockets

Dubai Financial Market DFM.DU(DFM) bid $121 million for Nasdaq Dubai, hitting New York-based Nasdaq OMX's (NDAQ.O) pockets, as well as the idea that international investor flows matter much in the Emirates.
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Saab hopes flicker as Spyker rescue bid drags on

Spyker Cars pressed ahead with efforts to cut a deal for Saab with General Motors, with talk of possible backing from a Dutch billionaire fanning the Swedish carmaker's faint hopes of an eleventh-hour reprieve.

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