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Monday, October 1, 2012

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10/1/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Xstrata gives cautious blessing to $33 billion Glencore bid
LONDON (Reuters) - Mining group Xstrata gave its long-awaited blessing on Monday to a revised $33 billion bid from trader Glencore, bowing to investor pressure by changing the deal to ensure a payment plan to keep its top managers does not sink the tie-up.
EADS, BAE chiefs tout merger, blast "misconceptions"
PARIS/FRANKFURT (Reuters) - The bosses of EADS and BAE Systems sought to reassure investors over the benefits of their planned $45 billion merger amid what they described as "myths and misconceptions" over the creation of a pan-European defense giant.
Turkey's Pegasus Airlines in talks on possible IPO in first quarter: sources
ISTANBUL (Reuters) - Turkey's Pegasus Airlines has started talks about a possible initial public offering in the first quarter of next year but may float less than 25 percent of the company, sources close to the negotiations said on Monday.
First Reserve sells majority interest in Acteon to KKR
LONDON (Reuters) - Private equity investor KKR has bought UK offshore oil and gas services group Acteon from rival First Reserve, it said on Monday.
Magna International to buy ixetic Verwaltungs for $396 million
(Reuters) - Magna International Inc , one of the world's biggest auto parts manufacturers, said it will buy ixetic Verwaltungs GmbH for about 308 million euros ($396.24 million).
Credit Agricole in talks to hand Greek bank to Alpha
PARIS/ATHENS (Reuters) - Credit Agricole said on Monday it planned to inject another 550 million euros into its Greek bank Emporiki under a deal to sell it to Alpha Bank for a symbolic one euro, as it prepares to quit Europe's most depressed economy.
Softbank to buy rival eAccess for more than $1.8 billion
TOKYO (Reuters) - Softbank Corp will acquire smaller rival eAccess Ltd in a $1.84 billion deal as Japan's No.3 mobile carrier steps up its battle for market share with its nearest competitor KDDI Corp .
AAR hires Rothschilds for TNK-BP bid funding: paper
MOSCOW (Reuters) - The billionaire quartet that owns half of Anglo-Russian oil firm TNK-BP has hired Rothschilds Group to arrange loan syndication to buy out BP's 50 percent stake in the company, the Kommersant daily newspaper said on Monday.
Qatar's Barwa Bank eyeing potential Doha IPO: CEO
DOHA/DUBAI (Reuters) - Barwa Bank, a Qatari lender part-owned by Qatar Holding, plans an initial public offering on the Doha stock exchange and is being advised by local investment bank QInvest, Barwa's top executive said on Monday.
Outokumpu offers Italian plant to seal Inoxum deal
HELSINKI (Reuters) - Finnish stainless steel maker Outokumpu has offered to sell a prized Italian mill to win regulatory approval for its acquisition of ThyssenKrupp's Inoxum.
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