Deals Today

	Click to View in Browser 01/14/2013 UPS to drop TNT Express bid after European Commission veto AMSTERDAM (Reuters) - United Parcel Service Inc said it would drop its 5.2 billion euro ($7 billion) bid for Dutch delivery firm TNT Express on the expectation of an EU veto, a sharp blow that halved the value of TNT's shares within minutes. Swatch buys Harry Winston jewelery arm for $750 million ZURICH (Reuters) - Jeweler Harry Winston is selling its high-end watches-to-necklaces division to Swatch , in a $750 million cash deal that expands the Swiss watchmaker's luxury offering and lets the Canadian group concentrate on its diamond mines. GM could "give" Opel to Peugeot: La Tribune PARIS (Reuters) - PSA Peugeot Citroen could take over alliance partner General Motors' troubled Opel unit in Europe with backing from GM and the French state under an option currently being looked at, newspaper La Tribune said on Monday on its website. PostNL says aims to monetise TNT Express stake AMSTERDAM (Reuters) - Dutch postal firm PostNL , the biggest shareholder in delivery firm TNT Express , said it will seek to monetise its stake and create better value for shareholders if United Parcel Service (UPS) drops its takeover bid. Saint-Gobain begins Verallia exit with £1.7 billion deal PARIS (Reuters) - Saint-Gobain has struck a deal to sell its North American glass container operation to Ireland's Ardagh Group for $1.7 billion, beginning its planned exit from the low-margin business. News Corp to grab control of Sky Deutschland FRANKFURT (Reuters) - Rupert Murdoch's News Corp tightened its grip on Sky Deutschland on Monday, saying it would raise its stake in the German pay-TV company to 54.5 percent from just under half in a capital increase. New Generali boss targets 4 billion euros from asset sales LONDON (Reuters) - New Generali boss Mario Greco said the sale of non-core assets would raise some 4 billion euros ($5.3 billion) as part of a turnaround strategy that promises to boost profit by focusing on "value over volume". Overseas Union-led group extends F&N offer to Jan 21 SINGAPORE (Reuters) - A group led by Overseas Union Enterprise , a property firm controlled by Indonesian tycoon Stephen Riady, extended its $10.7 billion offer to take over Singapore property and drinks firm Fraser and Neave Ltd (F&N) until Jan 21. Billabong receives second, matching U.S. takeover offer SYDNEY (Reuters) - Australian surfwear company Billabong International Ltd has received a second takeover proposal from a U.S. private equity and retail consortium that matches a A$556 million ($586.55 million) bid by its U.S. boss Paul Naude. Transocean says Icahn acquired 1.56 percent stake, seeks more NEW YORK (Reuters) - Transocean Ltd has disclosed that billionaire activist investor Carl Icahn has acquired a 1.56 percent stake in the offshore rig contractor and is looking to increase that holding. Related Video Reuters Breakingviews Japan's leader on a roll Related News U.S. economy to grow 2.5 percent this year: Fed's Evans Getting comfortable with living on the edge A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend