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Tuesday, March 5, 2013

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03/5/2013
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
Trafigura says interested in bidding for Nyrstar's zinc deal
SINGAPORE (Reuters) - Commodities trader Trafigura said on Tuesday it is interested in bidding for an exclusive deal to buy zinc from world No. 1 producer Nyrstar that may be worth about $700 million a year.
Exclusive: Private equity owners plan HD Supply IPO - sources
NEW YORK (Reuters) - Private equity owners are preparing to take HD Supply public, nearly six years after buying the industrial distribution company out of Home Depot Inc for $8.5 billion, three people familiar with the matter said on Monday.
Buyout firms battle for Armacell: bankers
LONDON (Reuters) - A few buyers are left in the running for German insulation firm Armacell after Goldman Sachs Private Equity and Equistone dropped out of the auction process, banking sources said on Tuesday.
Hess to offload Hetco to focus on exploration, production
(Reuters) - Hess Corp will offload its energy trading arm, Hetco, and exit its retail gasoline and marketing businesses by 2015 after pressure from investors accelerated plans to break up the company's sprawling energy empire.
Exclusive: KKR close to buying Gardner Denver - sources
NEW YORK (Reuters) - Private equity firm KKR & Co LP is nearing a deal to buy industrial machinery maker Gardner Denver Inc and could announce the agreement in the next few days, two people familiar with the matter said on Monday.
Heinz CEO's golden parachute set at $56 million
(Reuters) - H.J. Heinz Co Chief Executive William Johnson would receive about $56 million if he gets terminated following the ketchup maker's acquisition by Berkshire Hathaway and 3G Capital, the company said on Monday.
Lockheed, Austal win U.S. coastal warship orders: Pentagon
WASHINGTON (Reuters) - Lockheed Martin Corp and Australia's Austal each won orders to build two more smaller warships for the U.S. Navy, while Lockheed beat out two rivals to remain the chief developer of the Aegis combat system, the Pentagon said Monday.
US Airways beefs up lobbying power for review of American merger
WASHINGTON (Reuters) - US Airways Group Inc , which is seeking government approval to buy rival American Airlines, has hired two new lobbying firms, according to recent filings.
Judge says Macy's, Penney should have settled Steward spat
NEW YORK (Reuters) - J.C. Penney Co Inc and Macy's Inc should have settled their dispute over the rights to sell Martha Stewart products, the judge overseeing a trial involving the two retailers said on Monday.
Berkshire on hunt for more Heinz-like deals: Buffett
(Reuters) - Berkshire Hathaway Inc is on the hunt for more deals similar to its planned purchase of H.J. Heinz Co , Warren Buffett, the conglomerate's chief executive, said on Monday.
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