[BUBUIOC INC.] Deals of the day -- mergers and acquisitions

[BUBUIOC INC.]

The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

** MetLife Inc, the largest U.S. life insurer, said it will sell MetLife Bank's mortgage servicing portfolio to a unit of JPMorgan Chase & Co for an undisclosed amount as it looks to exit its bank holding structure.

** Canada said it has extended its review of a $15.1 billion bid by China's CNOOC Ltd for Canadian energy producer Nexen Inc by a month to Dec. 10.

** Lloyds Banking Group is considering selling its 60 percent stake in wealth manager St James's Place in a bid to raise around 1 billion pounds ($1.60 billion), according to a report in Britain's Sunday Times.

** Prudential Plc said it would buy 100 percent of Thanachart Life Assurance Co Ltd, a wholly-owned life insurance subsidiary of Thanachart Bank for a total of 368 million pounds ($590.3 million).

** Bahrain-based alternative asset manager Investcorp Bank BSC is buying Danish luxury retailer Georg Jensen for $140 million, Investcorp's spokesman confirmed on Monday.

** Miner Bumi Plc has received details of a proposal from co-founder Nat Rothschild that would provide an alternative to a $1.4 billion plan outlined by the Bakrie family to dismantle the coal mining venture.

** Offshore rig firm Seadrill, the world's biggest rig operator by market capitalization, will sell part of its Asian business to Malaysia's SapuraKencana to free up cash for expansion elsewhere, the firms said on Monday.

** U.S. health insurer Humana Inc said it would buy Metropolitan Health Networks, an organization that largely serves Medicare and Medicaid members for about $850 million.

** JBS SA, the world's largest beef producer, said on Monday it signed a deal to buy local poultry processor Agroveneto for 128 million reais ($63.02 million) just months after its first move into Brazil's poultry sector.

** French carmaker PSA Peugeot Citroen has signed a contract to sell a 75 percent stake in its Gefco logistics business to Russia's state railway monopoly.

** Stifel Financial Corp said it would buy smaller rival KBW Inc in a deal valued at about $575 million, creating a middle-market investment bank focused on the financial services industry.

** Brazil's Copersucar SA, the world's biggest sugar exporter, will take control of U.S.-based Eco-Energy to become the world's largest ethanol trader, Copersucar said on Monday.

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Posted By BUBUIOC INC. to BUBUIOC INC. at 11/05/2012 10:35:00 AM