Mergers & acquisitions

March 7, 2013, 8:01 PM UTC

Adidas AG (DB: ADS) has abandoned plans to sell its hockey unit, after not receiving sufficient offers.

Johnson Controls (NYSE: JCI) is considering a sale of its automotive electronics unit, according to Reuters. The same report says that the company “has no intention of selling its automotive interiors business).

Anacacia Capital of Australia has agreed to sell its 82% stake in cooking and kitchen appliance importer and distributor Home Appliances to McPherson’s Ltd. (ASX: MCP). The deal is valued at A$22 million.

Mitsubishi UFJ Financial Group is among several banks considering a bid for TPG Capital’s $1.6 billion stake in Indonesia’s PT Bank Tabungan Pensiunan Nasional, according to Bloomberg.

Tumi Holdings Inc. (NYSE: TUMI), a South Plainfield, N.J.-based maker of travel suitcases and bags, said that certain insiders plan to sell upwards of $250 million worth of shares via a secondary public offering. Tumi stock closed trading Monday at $23.76 per share. Significant shareholders include Doughty Hanson and T. Rowe Price.

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