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<item><title>Welspun Power &amp; Steel Ltd acquires Vikram Ispat from Grasim Industries Ltd (pending)</title><description>INDIA - Welspun Power &amp; Steel Ltd, a wholly-owned unit of Welspun Group, planned to acquire Vikram Ispat, a sponge iron manufacturer, from Grasim Industries Ltd, for ##.# bil Indian rupees ($###.### mil US) in cash and liabilities. The transaction was to be effected via a scheme of arrangement. The transaction was approved by the board of directors'.</description><pubDate>6/13/2008 1:32:56 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">94958L</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">93230X</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">95042R</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">38891M</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Welspun Power &amp; Steel Ltd</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Vikram Ispat</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Welspun Group</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Grasim Industries Ltd</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Welspun_Power_Steel_Ltd_acquires_Vikram_Ispat_from_Grasim_Industries_Ltd-1985839040</link><guid isPermaLink="false">sdc/1985839040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1985839040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Metal and Metal Products</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>India</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Steel works, blast furnaces, and rolling mills</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>3312</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Subsidiary</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value sdc:p="0">3312:Steel works, blast furnaces, and rolling mills</sdc:value><sdc:value sdc:p="1">3339:Primary nonferrous metals, except copper, aluminum</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">2253:Knit outerwear mills</sdc:value><sdc:value sdc:p="1">2299:Textile goods, nec</sdc:value><sdc:value sdc:p="2">2384:Robes and dressing gowns</sdc:value><sdc:value sdc:p="3">2392:Housefurnishings, except curtains and draperies</sdc:value><sdc:value sdc:p="4">3312:Steel works, blast furnaces, and rolling mills</sdc:value><sdc:value sdc:p="5">3462:Iron and steel forgings</sdc:value><sdc:value sdc:p="6">3498:Fabricated pipe and pipe fittings</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Metal and Metal Products</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>India</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Steel works, blast furnaces, and rolling mills</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>3312</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Subsidiary</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>1022051001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Mnfr textiles,pipes,steel bars</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Mnfr,whl fiber,chem,cement</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Liabilities</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1022042001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Jun 13 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Wellspun Power &amp; Steel Ltd</sdc:value><sdc:value sdc:p="1">located in Mumbai, India, is a</sdc:value><sdc:value sdc:p="2">manufacturer of steel bars,</sdc:value><sdc:value sdc:p="3">ingots and billets. It was</sdc:value><sdc:value sdc:p="4">founded in 2004.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Wellspun Power &amp; Steel Ltd located in Mumbai, India, is a</sdc:value><sdc:value sdc:p="1">manufacturer of steel bars, ingots and billets. It was</sdc:value><sdc:value sdc:p="2">founded in 2004.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Wellspun Power &amp; Steel Ltd located in Mumbai, India, is a manufacturer of steel bars, ingots and billets. It was founded in 2004.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Vikram Ispat located in India,</sdc:value><sdc:value sdc:p="1">is a gas-based sponge iron</sdc:value><sdc:value sdc:p="2">manufacturer. The company is</sdc:value><sdc:value sdc:p="3">India's third largest sponge</sdc:value><sdc:value sdc:p="4">iron plant. It was founded in</sdc:value><sdc:value sdc:p="5">1993.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Vikram Ispat located in India, is a gas-based sponge iron</sdc:value><sdc:value sdc:p="1">manufacturer. The company is India's third largest sponge</sdc:value><sdc:value sdc:p="2">iron plant. It was founded in 1993.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Vikram Ispat located in India, is a gas-based sponge iron manufacturer. The company is India's third largest sponge iron plant. It was founded in 1993.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>Indian Rupee</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>10 Jun 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Tue, 10 Jun 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 06/10/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Acq. of 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Rupee</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>10300.00000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>10300.00000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>10300 Indian 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">INDIA - Welspun Power &amp; Steel</sdc:value><sdc:value sdc:p="1">Ltd, a wholly-owned unit of</sdc:value><sdc:value sdc:p="2">Welspun Group, planned to</sdc:value><sdc:value sdc:p="3">acquire Vikram Ispat, a sponge</sdc:value><sdc:value sdc:p="4">iron manufacturer, from Grasim</sdc:value><sdc:value sdc:p="5">Industries Ltd, for 10.3 bil</sdc:value><sdc:value sdc:p="6">Indian rupees ($240.464 mil</sdc:value><sdc:value sdc:p="7">US) in cash and liabilities.</sdc:value><sdc:value sdc:p="8">The transaction was to be</sdc:value><sdc:value sdc:p="9">effected via a scheme of</sdc:value><sdc:value sdc:p="10">arrangement. The transaction</sdc:value><sdc:value sdc:p="11">was approved by the board of</sdc:value><sdc:value sdc:p="12">directors'.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>INDIA - Welspun Power &amp; Steel Ltd, a wholly-owned unit of Welspun Group, planned to acquire Vikram Ispat, a sponge iron manufacturer, from Grasim Industries Ltd, for 10.3 bil Indian rupees ($240.464 mil US) in cash and liabilities. The transaction was to be effected via a scheme of arrangement. The transaction was approved by the board of directors'.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">INDIA - Welspun Power &amp; Steel Ltd, a wholly-owned unit of Welspun Group, planned to</sdc:value><sdc:value sdc:p="1">acquire Vikram Ispat, a sponge iron manufacturer, from Grasim Industries Ltd, for 10.3 bil</sdc:value><sdc:value sdc:p="2">Indian rupees ($240.464 mil US) in cash and liabilities. The transaction was to be</sdc:value><sdc:value sdc:p="3">effected via a scheme of arrangement. The transaction was approved by the board of</sdc:value><sdc:value sdc:p="4">directors'.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">INDIA - Welspun Power &amp; Steel Ltd, a wholly-owned unit of Welspun Group, planned to acquire Vikram Ispat, a sponge iron manufacturer, from Grasim Industries Ltd, for 10.3 bil Indian rupees ($240.464</sdc:value><sdc:value sdc:p="1">mil US) in cash and liabilities. The transaction was to be effected via a scheme of arrangement. The transaction was approved by the board of directors'.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">INDIA - Welspun Power &amp; Steel Ltd, a wholly-owned unit of Welspun Group, planned to acquire Vikram Ispat, a sponge iron manufacturer,</sdc:value><sdc:value sdc:p="1">from Grasim Industries Ltd, for 10.3 bil Indian rupees ($240.464 mil US) in cash and liabilities. The transaction was to be effected via</sdc:value><sdc:value sdc:p="2">a scheme of arrangement. The transaction was approved by the board of directors'.</sdc:value></sdc:n_synopsis5><sdc:p_MANAGER_LONG2><sdc:value>JP Morgan &amp; Co Inc</sdc:value></sdc:p_MANAGER_LONG2><sdc:p_SEQ><sdc:value>1.00000</sdc:value></sdc:p_SEQ><sdc:p_TFINL_ROLEVAL_LONG><sdc:value>$ 240.464 - JP Morgan - Adv</sdc:value></sdc:p_TFINL_ROLEVAL_LONG><sdc:p_TTOTFEENEG><sdc:value>0.00000</sdc:value></sdc:p_TTOTFEENEG><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value>3312:Steel works, blast furnaces, and rolling mills</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>1022057001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_NATION><sdc:value>India</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>2253</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Private</sdc:value></sdc:upa1_STATUS><sdc:upsic_SIC><sdc:value sdc:p="0">2299:Textile goods, nec</sdc:value><sdc:value sdc:p="1">2611:Pulp mills</sdc:value><sdc:value sdc:p="2">2819:Industrial inorganic chemicals, nec</sdc:value><sdc:value sdc:p="3">2833:Medicinal chemicals and botanical products</sdc:value><sdc:value sdc:p="4">2869:Industrial organic chemicals, nec</sdc:value><sdc:value sdc:p="5">2879:Pesticides and agricultural chemicals, nec</sdc:value><sdc:value sdc:p="6">2899:Chemicals and chemical preparations, nec</sdc:value><sdc:value sdc:p="7">3241:Cement, hydraulic</sdc:value><sdc:value sdc:p="8">3312:Steel works, blast furnaces, and rolling mills</sdc:value><sdc:value sdc:p="9">5032:Brick, stone, and related construction materials</sdc:value><sdc:value sdc:p="10">5099:Durable goods, nec</sdc:value><sdc:value sdc:p="11">5131:Piece goods, notions, and other dry goods</sdc:value><sdc:value sdc:p="12">5169:Chemicals and allied products, nec</sdc:value><sdc:value sdc:p="13">5199:Nondurable goods, nec</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>219012001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Bombay</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>India</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>2611</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>500300</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>240.46400</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>10300.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>240.46400</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>123.08800</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>Thomson Financial Mergers &amp; Acquisitions</alacra:ip></item><item><title>Thai Rayon PCL acquires a minority stake in Birla Jingwei Fibres Co Ltd from Grasim Industries Ltd (pending)</title><description>THAILAND - Thai Rayon PCL (TR) planned to raise its stake to ##.#% from ##.#%, by acquiring a further ##% stake, in Birla Jingwei Fibres Co Ltd, a viscose staple fibre manufacturer, and a ##:##:##.#:##.# joint venture between Grasim Industries Ltd, Hubei Jing Wei Chemical Fibre Co Ltd (HJ), TR, and Indo Bharat Rayon PT, a majority-owned unit of Aditya Birla Management Corp Ltd, from HJ, for an estimated ###.## mil Chinese yuan (###.# mil Thailand baht/$##.### mil US) in cash.</description><pubDate>5/17/2008 12:38:27 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">88293T</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">08984R</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">88293T</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">38891M</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Thai Rayon PCL</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Birla Jingwei Fibres Co Ltd</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Thai Rayon PCL</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Grasim Industries Ltd</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Thai_Rayon_PCL_acquires_a_minority_stake_in_Birla_Jingwei_Fibres_Co_Ltd_from_Grasim_Industries_Ltd-1978403040</link><guid isPermaLink="false">sdc/1978403040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1978403040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>Thailand</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Chemicals and Allied Products</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Thailand</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Cellulosic manmade fibers</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>2823</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Public</sdc:value></sdc:a_STATUS><sdc:a_TICKER><sdc:value>TR</sdc:value></sdc:a_TICKER><sdc:asic_SIC><sdc:value sdc:p="0">2269:Finishers of textiles, nec</sdc:value><sdc:value sdc:p="1">2299:Textile goods, nec</sdc:value><sdc:value sdc:p="2">2823:Cellulosic manmade fibers</sdc:value><sdc:value sdc:p="3">5199:Nondurable goods, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">2269:Finishers of textiles, nec</sdc:value><sdc:value sdc:p="1">2299:Textile goods, nec</sdc:value><sdc:value sdc:p="2">2823:Cellulosic manmade fibers</sdc:value><sdc:value sdc:p="3">5199:Nondurable goods, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Chemicals and Allied Products</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>China</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Cellulosic manmade fibers</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>2823</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Joint Venture</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>302427002</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Mnfr,whl rayon staple fibre</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Mnfr cement,steel</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Cash Only</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Stock</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>289979001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>May 17 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ACURR_CODE><sdc:value>BA</sdc:value></sdc:fiscal_ACURR_CODE><sdc:fiscal_ADATEFIN><sdc:value>31 Dec 07</sdc:value></sdc:fiscal_ADATEFIN><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>97.93600</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>280.44600</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>525.21400</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_CURRENCYLONG><sdc:value>Thai Baht</sdc:value></sdc:fiscal_CURRENCYLONG><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Thai Rayon PCL is a rayon</sdc:value><sdc:value sdc:p="1">staple fiber manufacturer and</sdc:value><sdc:value sdc:p="2">wholesaler, headquartered in</sdc:value><sdc:value sdc:p="3">Thailand. The company's</sdc:value><sdc:value sdc:p="4">principal activity is the</sdc:value><sdc:value sdc:p="5">manufacture and distribution</sdc:value><sdc:value sdc:p="6">of Viscose Staple Rayon and</sdc:value><sdc:value sdc:p="7">Anhydrous Sodium Sulphate to</sdc:value><sdc:value sdc:p="8">sell to both domestic and</sdc:value><sdc:value sdc:p="9">export markets. The company</sdc:value><sdc:value sdc:p="10">was founded in 1974.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Thai Rayon PCL is a rayon staple fiber manufacturer and</sdc:value><sdc:value sdc:p="1">wholesaler, headquartered in Thailand. The company's</sdc:value><sdc:value sdc:p="2">principal activity is the manufacture and distribution of</sdc:value><sdc:value sdc:p="3">Viscose Staple Rayon and Anhydrous Sodium Sulphate to sell</sdc:value><sdc:value sdc:p="4">to both domestic and export markets. The company was founded</sdc:value><sdc:value sdc:p="5">in 1974.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Thai Rayon PCL is a rayon staple fiber manufacturer and wholesaler, headquartered in Thailand. The company's principal activity is the manufacture and distribution of Viscose Staple Rayon and Anhydrous Sodium Sulphate to sell to both domestic and export markets. The company was founded in 1974.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Birla Jingwei Fibres Co Ltd is</sdc:value><sdc:value sdc:p="1">a viscose staple fibre</sdc:value><sdc:value sdc:p="2">manufacturer, headquartered in</sdc:value><sdc:value sdc:p="3">China.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Birla Jingwei Fibres Co Ltd is a viscose staple fibre</sdc:value><sdc:value sdc:p="1">manufacturer, headquartered in China.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Birla Jingwei Fibres Co Ltd is a viscose staple fibre manufacturer, headquartered in China.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>Y</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>Chinese Yuan</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>15 May 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Thu, 15 May 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 05/15/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Acq. Part. Int.</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>130.06 Chinese Yuan</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>130.06000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>130.06 Chinese Yuan</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>130.06000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>130.06000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>130.06 Chinese Yuan</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.14300</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>9.56000</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>18.62100</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>18.62100</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>19.50000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>30.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>440.89900</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value><sdc:value sdc:p="17">18.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">THAILAND - Thai Rayon PCL (TR)</sdc:value><sdc:value sdc:p="1">planned to raise its stake to</sdc:value><sdc:value sdc:p="2">49.5% from 19.5%, by acquiring</sdc:value><sdc:value sdc:p="3">a further 30% stake, in Birla</sdc:value><sdc:value sdc:p="4">Jingwei Fibres Co Ltd, a</sdc:value><sdc:value sdc:p="5">viscose staple fibre</sdc:value><sdc:value sdc:p="6">manufacturer, and a</sdc:value><sdc:value sdc:p="7">31:30:19.5:19.5 joint venture</sdc:value><sdc:value sdc:p="8">between Grasim Industries Ltd,</sdc:value><sdc:value sdc:p="9">Hubei Jing Wei Chemical Fibre</sdc:value><sdc:value sdc:p="10">Co Ltd (HJ), TR, and Indo</sdc:value><sdc:value sdc:p="11">Bharat Rayon PT, a</sdc:value><sdc:value sdc:p="12">majority-owned unit of Aditya</sdc:value><sdc:value sdc:p="13">Birla Management Corp Ltd,</sdc:value><sdc:value sdc:p="14">from HJ, for an estimated</sdc:value><sdc:value sdc:p="15">130.06 mil Chinese yuan (598.4</sdc:value><sdc:value sdc:p="16">mil Thailand baht/$18.621 mil</sdc:value><sdc:value sdc:p="17">US) in cash.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>THAILAND - Thai Rayon PCL (TR) planned to raise its stake to 49.5% from 19.5%, by acquiring a further 30% stake, in Birla Jingwei Fibres Co Ltd, a viscose staple fibre manufacturer, and a 31:30:19.5:19.5 joint venture between Grasim Industries Ltd, Hubei Jing Wei Chemical Fibre Co Ltd (HJ), TR, and Indo Bharat Rayon PT, a majority-owned unit of Aditya Birla Management Corp Ltd, from HJ, for an estimated 130.06 mil Chinese yuan (598.4 mil Thailand baht/$18.621 mil US) in cash.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">THAILAND - Thai Rayon PCL (TR) planned to raise its stake to 49.5% from 19.5%, by</sdc:value><sdc:value sdc:p="1">acquiring a further 30% stake, in Birla Jingwei Fibres Co Ltd, a viscose staple fibre</sdc:value><sdc:value sdc:p="2">manufacturer, and a 31:30:19.5:19.5 joint venture between Grasim Industries Ltd, Hubei</sdc:value><sdc:value sdc:p="3">Jing Wei Chemical Fibre Co Ltd (HJ), TR, and Indo Bharat Rayon PT, a majority-owned unit</sdc:value><sdc:value sdc:p="4">of Aditya Birla Management Corp Ltd, from HJ, for an estimated 130.06 mil Chinese yuan</sdc:value><sdc:value sdc:p="5">(598.4 mil Thailand baht/$18.621 mil US) in cash.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">THAILAND - Thai Rayon PCL (TR) planned to raise its stake to 49.5% from 19.5%, by acquiring a further 30% stake, in Birla Jingwei Fibres Co Ltd, a viscose staple fibre manufacturer, and a</sdc:value><sdc:value sdc:p="1">31:30:19.5:19.5 joint venture between Grasim Industries Ltd, Hubei Jing Wei Chemical Fibre Co Ltd (HJ), TR, and Indo Bharat Rayon PT, a majority-owned unit of Aditya Birla Management Corp Ltd, from</sdc:value><sdc:value sdc:p="2">HJ, for an estimated 130.06 mil Chinese yuan (598.4 mil Thailand baht/$18.621 mil US) in cash.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">THAILAND - Thai Rayon PCL (TR) planned to raise its stake to 49.5% from 19.5%, by acquiring a further 30% stake, in Birla Jingwei Fibres</sdc:value><sdc:value sdc:p="1">Co Ltd, a viscose staple fibre manufacturer, and a 31:30:19.5:19.5 joint venture between Grasim Industries Ltd, Hubei Jing Wei Chemical</sdc:value><sdc:value sdc:p="2">Fibre Co Ltd (HJ), TR, and Indo Bharat Rayon PT, a majority-owned unit of Aditya Birla Management Corp Ltd, from HJ, for an estimated</sdc:value><sdc:value sdc:p="3">130.06 mil Chinese yuan (598.4 mil Thailand baht/$18.621 mil US) in cash.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>14558.57500</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>2916.24000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>8350.82100</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>15639.29600</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value>2823:Cellulosic manmade fibers</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>302427002</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>Thailand</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>Thailand</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>2823</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Foreign</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>TR</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value sdc:p="0">2231:Broadwoven fabric mills, wool (including dyeing)</sdc:value><sdc:value sdc:p="1">2262:Finishers of broadwoven fabrics-manmade fiber,silk</sdc:value><sdc:value sdc:p="2">2281:Yarn spinning mills</sdc:value><sdc:value sdc:p="3">2284:Thread mills</sdc:value><sdc:value sdc:p="4">2298:Cordage and twine</sdc:value><sdc:value sdc:p="5">2299:Textile goods, nec</sdc:value><sdc:value sdc:p="6">2679:Converted paper and paperboard products, nec</sdc:value><sdc:value sdc:p="7">2812:Alkalies and chlorine</sdc:value><sdc:value sdc:p="8">2823:Cellulosic manmade fibers</sdc:value><sdc:value sdc:p="9">2824:Manmade organic fibers, except cellulosic</sdc:value><sdc:value sdc:p="10">2891:Adhesives and sealants</sdc:value><sdc:value sdc:p="11">3241:Cement, hydraulic</sdc:value><sdc:value sdc:p="12">3321:Gray and ductile iron foundries</sdc:value><sdc:value sdc:p="13">3322:Malleable iron foundries</sdc:value><sdc:value sdc:p="14">3325:Steel foundries, nec</sdc:value><sdc:value sdc:p="15">3399:Primary metal products, nec</sdc:value><sdc:value sdc:p="16">3493:Steel springs, except wire</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>219012001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>Bombay</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>India</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>3241</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>500300</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>18.62100</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>130.06000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>18.62100</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>9.56000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>Thomson Financial Mergers &amp; Acquisitions</alacra:ip></item></channel></rss>