Markets & Finance

Philip Morris Sells Miller Brewing Unit

Philip Morris (M0) agreed to sell its Miller Brewing unit to London-based South African Breweries PLC for $5.6 billion. (5/30)

Stancorp Financial's (SFG) 's StanCorp Financial Group unit agreed to acquire the group insurance business of Teachers Insurance & Annuity Association for $75 million. (5/30)

EEX Corp. (EEX) agreed to be acquired by Newfield Exploration (NFX). EEX shareholders will get 0.05703 NFX shares per EEX share, or have the option to receive units in a new trust in lieu of NFX stock. (5/30)

Visible Genetics (VGIN) says it is in talks with third parties on various alternatives, including a potential sale of the company. (5/30)

SignalSoft (SGSF) agreed to be acquired by Openwave Systems (OPWV) for $2.26 cash per share. (5/29)

Gulf Indonesia's (GRL) board will recommend approval of a proposal by Conoco (COC) to acquire all common stock not owned by COC or affiliates at $13.25 per share. (5/28)

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