Business news with words acquire+million. 60 or more news.

NEW YORK (Reuters) - Billionaire investor Kirk Kerkorian's Tracinda Corp will pay $684 million to acquire a 35 percent stake in Delta Petroleum Corp , the independent oil and gas company said on Monday.

Tracinda will take a 35% stake in Delta Petroleum, under an agreement for the firm to make a $684 million investment in the energy company and acquire shares at a price representing a 23% premium from Friday's closing price.

CHINA'S securities watchdog has rejected Microsoft Corp's plan to acquire a stake in Sichuan Changhong Electric Co. Changhong, China's second-largest television set maker, told the Shanghai Stock Exchange yesterday that the China Securities Regulatory Commission had blocked its plan to sell new shares to investors, including Microsoft. The plan was submitted to the regulator on Thursday. Shanghai Daily's calls to Changhong for comment were not answered. Microsoft has agreed pay 94 million yuan (US$12.84 million) for a stake in Changhong after the Chinese company revealed the plan to sell 400 million shares at 6.27 yuan to 10 institutional investors in April. Under the deal, the world's biggest software maker will buy 15 million newly issued Changhong shares at 6.27 yuan for a one percent-stake in the TV maker in Sichuan Province. Both companies will join a Media Galaxy project to develop, produce and market TVs, computers, and other digital entertainment products that would

LONDON (MarketWatch) -- EMC Corp. said that it will acquire Document Sciences Corporation for around $85 million in cash. Document Sciences stockholders will receive $14.75 in cash for each share of common stock, and is expected to be completed in the first quarter of 2008. Document Sciences Corporation is a provider of document output management software and EMC said that the acquisition complements and extends its position in the transactional content management market. The deal is not expected to have a material impact on EMC financial results in 2008. (Updates to add ticker.)

SHANGHAI Forte Investment Management Co Ltd said it will combine forces with Shanghai Vanke Real Estate Co Ltd to jointly develop a mixed-used real estate project in Pudong New Area, its latest effort to expand the company's market share in the city. Forte Investment, a wholly-owned subsidiary of Hong Kong-listed Shanghai Forte Land Co Ltd, will acquire a 40-percent stake in Shanghai Dijie Real Estate Ltd while Shanghai Vanke, a subsidiary of China Vanke Co, the country's largest publicly traded developer, will hold the remainder, Forte Land said in a recent statement to the Hong Kong stock exchange. Total consideration of the deal will reach 2.43 billion yuan (US$330.6 million), according to the Forte statement.

NEUSOFT Group Ltd will acquire its parent through a share swap, which will double the market value of the Shanghai-listed software vendor to 520 million yuan (US$70.27 million), Neusoft said in a statement yesterday. Chinese software firms, which grew most rapidly, need to boost economies of scale to compete internationally, the Ministry of Information Industry said. Neusoft has received approval from regulators, including the China Securities Regulatory Commission, to buy its parent's assets via a share swap of 1 to 3.5, according to the company's statement to the Shanghai Stock Exchange. After the purchase, the firm will be valued at 520 million yuan from 280 million yuan now. "The deal is a milestone in the company's history and it will continue to grow through the resources acquired from the parent firm," said Neusoft's chairman Liu Jiren in a Chinese-language statement.

Liquidity Services Inc., an online auction marketplace for wholesale, surplus and salvage assets, has agreed to acquire Information Management Specialists Inc. and its GovDeals Inc. subsidiary for about $10 million in cash. (LQDT)

CHINA'S air conditioner giant Midea Electric Appliances will acquire four companies from its parent Guangdong Midea Group to expand capacity and business. The company's shareholder board on Monday approved its proposal to pay 480 million yuan (US$65 million) for a 100-percent stake in Hefei Hualing Electrics Co Ltd, Guangzhou Hualing Air Conditioning & Equipment Co Ltd and a 95-percent stake in China Refrigeration Industry Co. It also plans to spend 31 million yuan to acquire a 30-percent stake in Chongqing Midea General Refrigeration Equipment Co from its parent company, the country's largest air conditioner maker told Shenzhen Stock Exchange yesterday. Hong Kong-listed Hualing Holdings Limited, which lost HK$372.02 million in 2.5 years through June 30, deals in selling household electrical appliances such as air conditioners and refrigerators with its subsidiaries. "The acquisition won't benefit Midea a lot based on Hualing's assets. Midea may target Hualing's listed

DELEK Real Estate Ltd, the Israeli company that backed out of a US$2.9-billion deal with Jelmoli AG, has agreed to buy 12 Frankfurt-area supermarkets from Metro AG, Germany's biggest retailer, for 243 million euros (US$349 million), Bloomberg News reported on Sunday. Delek, through its Delek Global Real Estate unit, will acquire the buildings from the Real supermarket chain, a subsidiary of Metro, the Netanya, Israel-based company said in an e-mailed statement to the stock exchange. Real will rent 10 of the supermarkets from Delek through 2022, and the other two through 2020, beginning at 16 million euros annually for all the properties. The rent will increase 6.7 percent every five years. "DGRE has again purchased a property with a quality tenant for a long period in a central area, and proved that even in these times it can use its connections to close deals and get good financing," Chief Executive Officer Ilik Rozanski said in the statement. Delek Real Estate, a

TEL AVIV (MarketWatch) -- Ampal-American Israel Corp., the Tel Aviv investment firm, took an option to acquire a 35% interest in a project to produce ethanol from sugarcane from a company controlled by Ampal's chairman, president and chief executive officer. Separately, that company, Merhav, agreed to sell 25% to 35% of the project to Ecopetrol SA of Colombia. Terms of both deals weren't disclosed. Ampal said the move will add to its interests in clean energy and in the broader energy industry. As part of the option deal, Ampal has loaned Merhav $10 million to buy 11,000 hectares (27,000 acres) in Colombia for growing sugarcane and to build the ethanol facility. And Ampal agreed to advance as much as $10 million more to fund the project, it said in a Tuesday statement. Yosef Maiman, who holds the top three posts at Ampal, is sole owner of Merhav. A panel made up of Ampal's independent directors approved the deal. Houlihan Lokey Howard & Zukin advised the board committeee, Ampal said.

TEL AVIV (MarketWatch) -- W&T Offshore Inc. agreed to acquire the interest it doesn't own in Ship Shoal 349 field, located offshore Louisiana and covering two federal lease blocks, for $116 million from Apache Corp. W&T and Apache, both Houston energy companies, expect to close the deal by April 30. W&T said in a Monday statement that it would finance the deal from cash on hand.

APPLIANCE maker Sichuan Changhong Electrical Co yesterday bid for a 29.92-percent stake in Huayi Compressor Co to expand its business. The TV company said in a statement to the Shanghai Stock Exchange yesterday that it would acquire 91.7 million shares from Huayi's parent Huayi Electrical Appliance General Co via an auction. The Jiangxi-based Huayi, which produces compressors for air conditioners and refrigerators, was suspended from trading in the Shenzhen stock market since December 14 when it announced the auction plan. The 91.7 million shares are valued at 956 million yuan (US$129 million) based on its closing share price of 10.42 yuan per share on December 13. Changhong wasn't traded yesterday, and its closing price on Friday was 8.45 yuan. Share price of the Shanghai-listed company has doubled this year. Changhong's net profit in the first nine months of this year totaled 340 million yuan, jumping 39 percent from a year earlier on the booming electronics market.

APPLIANCE maker Sichuan Changhong Electrical Co today bid for a 29.92 percent stake in Huayi Compressor Co. China's second-biggest TV maker said in a statement to the Shanghai Stock Exchange today that it would acquire 91.7 million shares from Huayi's parent Huayi Electrical Appliance General Co via an auction. The Jiangxi-based Huayi, which produces compressors for air conditioners and refrigerators, has been suspended from trading on the Shenzhen stock market since December 14 when it announced the auction plan. The 91.7 million shares are valued at 956 million yuan based on its closing share price of 10.42 yuan a share on December 13. Changhong wasn't traded yesterday and its closing price on Friday was 8.45 yuan. The share price of the Shanghai-listed company has doubled this year. Changhong's net profit in the first nine months of this year was 340 million yuan, jumping 39 percent from a year earlier on the booming electronics market and investment income. The

India's Zapak Digital Entertainment Ltd., part of the Anil Ambani-led ADAG group, is set to acquire Sony Online Entertainment for around US$300 million, a newspaper reported Sunday.

RUPERT Murdoch's News Corp is to sell eight of its Fox network-affiliated television stations in the United States to Oak Hill Capital Partners LP for about US$1.1 billion in cash. The sale leaves Fox with 27 owned-and-operated stations and will probably be completed in the third quarter, New York-based News Corp said on Saturday. Oak Hill will add the stations to nine existing ones, according to its Website, Bloomberg News said. News Corp is selling the assets to focus on its largest and most lucrative markets following the US$5.2 billion takeover of Dow Jones & Co this year. The purchase will help Oak Hill, the buyout firm founded by Texas oil billionaire Robert Bass, create a broader US network after it paid US$575 million to acquire stations from New York Times Co in May. "It is part of News Corp's strategic decision to shed low-growth, non-core assets," said Richard Dorfman, managing director of New York-based investment firm Richard Alan Inc. Network television

AXA, France's largest insurer, has agreed to acquire a 36.7-percent stake in Reso-Garantia, Russia's second-largest insurance firm, for 810 million euros (US$1.16 billion). The investment is expected to add to Axa's earnings within three years, the Paris-based company said in a statement. The insurer will have the option to buy the rest of the company through calls exercisable in 2010 and 2011, according to Bloomberg News. Russia's Federal Anti-Monopoly Service gave Dresdner Bank AG, the banking arm of insurer Allianz SA, regulatory approval to buy a controlling stake in Reso on August 14. The next day, news service Vedomosti reported that Dresdner had decided instead to hold onto its Reso shares as collateral for a loan to its holding company. On May 29, Reso-Garantia said it will sell a 20-percent stake in the first public offering of stock by a Russian insurer. The European Bank for Reconstruction & Development said earlier that it was buying a 10-percent stake in

Pacific Northwest Bellevue-based Captaris said Thursday it is buying German software company Oce Document Technologies for nearly $15 million...

SAN FRANCISCO (MarketWatch) -- Buckeye GP LLC, the general partner of Buckeye Partners LP said Friday it will acquire independent fuel distributor Farm & Home Oil Co. for $145.5 million. Buckeye expects the transaction to close in the first quarter of 2008. Over the past year, Farm & Home has provided more than 550 million gallons of refined petroleum products in eastern and central Pennsylvania and surrounding areas, Buckeye said.

LONDON (MarketWatch) -- NXP Semiconductors, the semiconductor company founded by Philips and now mostly held by private-equity firms, said it will acquire GloNav Inc., a US-based fabless semiconductor company developing single-chip solutions for global positioning systems and other satellite navigation systems. NXP will pay $85 million in cash plus to $25 million more depending on revenue and product development milestones.

LONDON (MarketWatch) -- U.K. materials group Morgan Crucible said Friday that it's agreed to acquire the technical ceramics businesses of Carpenter Technology Corp. for $147 million in cash. "'Today's acquisitions are in-line with our strategic priority of focusing on higher growth, higher margin, less economically-cyclical markets," said CEO Mark Robertshaw.