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Tuesday, April 9, 2013

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04/9/2013
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
Lagardere sells EADS stake for $3 billion
PARIS/FRANKFURT (Reuters) - French media group Lagardere has sold its 7.4 percent stake in Airbus parent EADS, kicking off a long-expected overhaul in the ownership of Europe's top aircraft maker.
Activist investors find allies in mutual, pension funds
NEW YORK (Reuters) - Institutional investors, who used to shun activist investors and side with a company's management on most controversial issues, are starting to change their tune.
Hutchison aims to become top investor in Telecom Italia: sources
FRANKFURT/MILAN (Reuters) - Hong Kong's Hutchison Whampoa is in talks to buy up to 29.9 percent of Telecom Italia in a deal that would radically alter the power base at Italy's leading phone company, two sources familiar with the negotiations said.
Australia's Billabong says consortium cuts takeover bid to $300 mln
SYDNEY (Reuters) - Australian surfwear company Billabong International Ltd will enter 10 days of exclusive talks with a consortium led by its former U.S. boss after the group cut its indicative takeover proposal by 45 percent to $300 million.
Ericsson to buy Microsoft IPTV business
STOCKHOLM (Reuters) - Swedish telecom equipment maker Ericsson struck a deal on Monday to buy Microsoft Corp's Mediaroom IPTV business, which makes software used by phone companies to deliver television over the Internet, making it the world's leader in a growing business.
Blackstone's SeaWorld aims for $2.5 billion valuation in IPO
(Reuters) - Blackstone Group's SeaWorld Parks and Entertainment set the price range of its initial public offering at $24 to $27 per share, valuing the company at up to $2.5 billion.
GE to buy oil pump maker Lufkin for nearly $3 billion
(Reuters) - General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday.
Lagardere sells EADS stake for $3 billion
PARIS/FRANKFURT (Reuters) - French media group Lagardere has sold its 7.4 percent stake in Airbus parent EADS , kicking off a long-expected overhaul in the ownership of Europe's top aircraft maker.
Generali picks two bidders for U.S. Life unit: sources
LONDON/MILAN (Reuters) - Europe's third-biggest insurer Generali has moved closer to selling its U.S. life reinsurance unit as it shortlisted two among a large number of bidders, two people with direct knowledge of the situation said on Monday.
Russia's Sistema plans up to $1 billion investment in India
MOSCOW (Reuters) - Russian conglomerate Sistema may invest up to $1 billion in India in 2013-2015, the head of its Indian mobile phone unit Sistema Shyam TeleServices, Vsevolod Rozanov, said on Tuesday.
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