Deal Round-Up: Could Bud and Miller Get Together?

by: Alacra Pulse Check Blog

By Angus Robertson

Credit Suisse (NYSE:CS) reckons Anheuser-Busch InBev (OTCPK:AHBIF) should respond to the continuing ills of the U.S. domestic beer market by making a blockbuster bid for SAB Miller (OTCPK:SBMRY), FT Alphaville reports. CS thinks “SABMiller would be the most natural merger partner as SAB would provide strong management talent and a robust EM footprint.”

JPMorgan (NYSE:JPM) is touting Northumbrian Water (LSE: NWG), which is 26 percent owned by a Canadian pension fund, as a possible takeover target on account of its lowly valuation (FT Alphaville).

Devon Energy (NYSE:DVN) shares rallied on renewed takeover rumors (RANsquawk). As far back as November 2009, Forbes tagged Devon as an attractive target for oil majors.

Turkish foodmaker Yildiz Holding and private equity fund KKR may bid for assets of Turkey’s leading media group Dogan Yayin, which has been in play since October, sources familiar with the deal said. (Reuters)

Wimm-Bill-Dann Foods (NYSE:WBD), Russia’s leading producer of healthy food and beverage products, today announced the acquisition of Opolie Holding Company, which ranks among Russia’s top-10 dairy companies. As noted previously, Wimm-Bill-Dann is in the process of being acquired by PepsiCo (NYSE:PEP).

Data networking and communications company Carousel Industries, announced that it has signed a letter of intent to acquire the assets of Farmingdale, NY-based Juma Technology Corp.

IAC’s (IACI) announced that it has acquired OkCupid, the U.S. online dating company, for $50 million in cash, plus potential future payments contingent upon performance.

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