Business news for Tue, 25 Dec 2007 & with words acquisition+buy. 3 news.

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

Yesterday marked yet another acquisition of an advertising agency, and perhaps one of the last of 2007. This year has brought so many acquisitions, and big news such as Google getting the federal go-ahead to buy DoubleClick.

French luxury goods company LVMH Moet Hennessy Louis Vuitton SA said Monday it had concluded a deal with Britain-based media group Pearson PLC to buy France's leading financial newspaper Les Echos.