Hostess Brands' bid to sell its bread brands to Flowers Foods has hit a roadblock with unsecured creditors objecting to the break-up fees

Bids, mergers, acquisitions and disposals on Wednesday The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: - Cisco Systems Inc said it will buy Israeli software maker Intucell for about $475 million in cash to expand its mobile network management offerings.

Newfoundland Capital Exploring the Sale of Alberta Broadcasting Division (Photo : IVCPOST) Corporation Limited (TSX: NCC. A, NCC. B) announced today that its wholly-owned subsidiary, Newcap Inc.

Cerberus Capital Management LP plans to reduce its stake in Japanese mid-sized lender Aozora Bank Ltd bringing down its stake in the bank from 58 percent to 7.7 percent.

France will not take over insolvent Swiss refiner Petroplus' oil refinery in Normandy, but could help the plant financially once a suitable buyer is found, President Francois Hollande said on Saturday.

The U.S.-based Carlyle Group sold all of its remaining shares in India's HDFC for $831 million on Thursday night, making it the country's fourth larges equity deal for the year, Reuters repored.

Swiss private bank EFG International (EFGN.S) will proceed with its planned initial public offering in Switzerland of its structured products business in the fourth quarter.

Carlyle Group-backed Japanese ball-bearings maker Tsubaki Nakashima Co has called off an up to $555 million initial public offering.

Stake sales have slowed Formula One IPO drive. Formula One cars will roar around Singapore's streets this weekend, but the prospect of the motor racing business floating on the stock market there this year has receded following stake sales by its main private equity backer.

LifeLock Inc said it expects to sell 15.7 million shares for between $9.50 and $11.50 per share in an initial public offering.