Deals of the day- Mergers and acquisitions

Russia’s Norilsk Nickel, the world’s biggest nickel producer, said it plans to slim down and focus on its top assets, joining other big mining companies in shedding businesses in the face of weak metals prices. Under its new strategy announced on Thursday, Norilsk stuck to its plan to sell off assets in Africa and Australia, despite the failure to close any deals in recent months.

The Japanese majority owner of Indonesian aluminum producer PT Inalum said there was still a big gap to bridge in talks to sell its stake to the Indonesian government, with less than two months to go before their joint venture agreement expires.

Lockheed Martin Corp on Wednesday announced the acquisition of Scotland-based Amor Group, a privately held information technology company, saying the deal would aid its plans to expand internationally and into non-defense markets.

Belgian chemicals manufacturer Tessenderlo Group said it had sold its British PVC window and doorframe businesses to private investment firm H2 Equity Partners, completing the entire sale of these activities worldwide. Tessenderlo gave no financial details about the divestment.

http://www.reuters.com/article/2013/09/12/deals-day-idUSL3N0H827M20130912

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