Tuesday Papers: Candover poised to pull plug on theme park sale - tips, comment and bids

(Updated with Telegraph share tips)

Financial Times

* Candover is on the brink of ditching plans to sell or float Parques Reunidos, the Spanish theme park operator, after offers from rival buy-out groups came in below its €2bn price tag.

* Royal Bank of Canada has struck a £963 million deal to buy BlueBay Asset Management, one of the UK’s most successful bond traders; BlueBay’s shares jumped by 30% on news of RBC’s 485p per share offer.

* Terra Firma has acquired Rete Rinnovabile, Italy’s biggest solar power company from Terna, the Italian national grid operator, for as much as €670 million.

* Qatari investors have made their first significant move into Latin America with the $2.72 billion purchase of a convertible stake in the Brazilian business of Santander.

* JC Penney, the US department store chain, on Monday adopted a “poison pill” shareholders rights plan, following the acquisition of more than 25% of its shares by Pershing Square and Vornado.

* Northeast Utilities, the Connecticut-based energy supplier, is buying Boston-based Nstar for $4.1 billion in shares.

* Clipper Windpower, the Aim-quoted wind turbine maker based in Iowa, is to be acquired by United Technologies Corporation.

* TNK-BP, the Russian venture half-owned by BP, will pay $1.8 billion to buy the UK oil group’s pipeline and production assets in Venezuela and Vietnam.

* Ford is preparing to sell most of its remaining interest in Japan’s Mazda in a move that would all but end the carmakers’ 31-year capital alliance.

* Wind Hellas, Greece’s third-largest mobile company, is set to be taken over by its bondholders in its second debt restructuring in a year.