Feb 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on
Thursday:
** AsiaPak Investments, a private investment firm with
operational assets in Pakistan and Hong Kong, and Middle Eastern
oil and gas company Motange Oil have submitted a bid to acquire
a 75.01% stake in Lotte Chemical Pakistan Ltd (LOTT.PSX),
according to a notice filed by Arif Habib Ltd (ARIF.PSX), the
manager to the offer, with the Pakistan Stock Exchange.
** Polish state-owned fund PFR has dropped its plan to bid
for Spanish train manufacturer Talgo after the Spanish
government opposed the move, Expansion newspaper reported,
citing unnamed market sources.
** Privately owned U.S. oil and gas producer Validus Energy
has struck a deal to buy rival 89 Energy III for about $850
million, including debt, sources familiar with the matter told
Reuters.
** Buyout firm Warburg Pincus has clinched a deal to acquire
Vermont Information Processing, which makes software for
beverage distributors, for about $1 billion including debt,
according to people familiar with the matter.
(Compiled by Rajarshi Roy in Bengaluru)