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Tuesday, May 14, 2013

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05/14/2013
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
Families edging out private equity in consumer deals
LONDON (Reuters) - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
Severn Trent shares leap on takeover approach
LONDON (Reuters) - Shares in Severn Trent surged to all-time highs after the British water company confirmed it had received a takeover approach from a consortium including Borealis Infrastructure and the Kuwait Investment Office.
Icahn, Southeastern reveal board nominees as Dell seeks more info
NEW YORK (Reuters) - Dell Inc's special committee asked Carl Icahn for details on his plan to make the computer maker pay dividends and issue shares rather than sell itself to its founder, as the activist investor unveiled candidates for a new board.
China Galaxy narrows price range on up to $1.1 billion IPO: IFR
HONG KONG (Reuters) - State-owned China Galaxy Securities Co Ltd narrowed the indicative price range on its up to $1.1 billion initial public offering, IFR reported on Tuesday, citing sources familiar with the deal.
CVC ends $1.5 billion pursuit of Betfair
LONDON (Reuters) - Private equity firm CVC Capital Partners has ended a 1 billion pound ($1.5 billion) attempt to buy online betting exchange Betfair after the two companies failed to agree on price and strategy.
EU regulators approve Unicaja, Banco CEISS merger
BRUSSELS (Reuters) - The European Commission gave approval on Tuesday for the restructuring of Spain's Banco CEISS and said the lender's takeover by larger peer Unicaja would ensure its long-term viability.
China's XD Group said to be in talks to buy GE's Prolec JV stake
HONG KONG (Reuters) - Chinese state-controlled power equipment maker XD Group is in early talks to buy General Electric Co's joint venture with Mexico's Xignux SA for up to $1 billion, a person familiar with the discussions told Reuters on Tuesday.
Theragenics gets buyout offer from investment firm; shares jump
(Reuters) - Medical device maker Theragenics Corp said it had received a takeover offer of $69.9 million to $71.4 million from Juniper Investment Co, representing a premium of 51-54 percent to its closing stock price on Friday.
Amazon buys Liquavista from Samsung, launches digital currency
SAN FRANCISCO (Reuters) - Amazon.com Inc said on Monday it had acquired Liquavista NV from Samsung Electronics Co to help the world's largest Internet retailer develop new displays for mobile devices.
Luxury apparel company Vince selects banks for fall IPO: sources
(Reuters) - High-end sportswear brand Vince is close to filing for an initial public offering, according to two sources close to the situation.
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