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Wednesday, May 8, 2013

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05/8/2013
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
SoftBank to meet Sprint investors, many eye higher bid
TOKYO/NEW YORK (Reuters) - SoftBank Corp President Masayoshi Son may get a frosty reception when he comes to the United States this week to meet Sprint Nextel Corp's major shareholders, as he tries to drum up support for the Japanese company's proposed takeover of the No. 3 U.S. wireless service provider.
ING prepares European insurance arm for listing in 2014
AMSTERDAM (Reuters) - Dutch banking and insurance group ING will speed up preparations for a stock market listing of its European insurance business next year after just completing the spin-off of its U.S. insurance and investment arm.
SMBC to buy up to 40 percent of Indonesian bank BTPN
TOKYO/HONG KONG (Reuters) - Sumitomo Mitsui Banking Corp (SMBC) said it agreed to acquire as much as 40 percent of Indonesian lender BTPN , giving the Japanese bank a foothold in the fast-growing Southeast Asian economy.
Apollo's investors and founders to sell shares
NEW YORK (Reuters) - Apollo Global Management LLC's cornerstone investors and two of its founders are selling a slice of their shares, demonstrating how going public makes it easier for dealmakers at alternative asset managers to cash out on their holdings.
Berkshire may boost DaVita stake to 25 percent
(Reuters) - Warren Buffett's Berkshire Hathaway Inc , the largest investor in DaVita HealthCare Partners Inc , has entered an agreement allowing it to nearly double its stake in the largest U.S. operator of dialysis clinics to 25 percent.
Telecom Italia investors seen split on Hutchison deal
MILAN (Reuters) - Shares in Telecom Italia dropped nearly 3 percent after sources said the board will likely put off a decision on whether to start formal merger talks with Hutchison Whampoa at a meeting on Wednesday.
Seeking control and confidence, China diary buys KKR milk stake
HONG KONG (Reuters) - China Mengniu Dairy Co Ltd's deal to buy a $410 million stake in China's largest unpasteurized milk producer is a strategic move to rebuild trust after a series of scandals left local brands' reputations in tatters.
Qatar approached British Airways parent over Bankia stake: FT
(Reuters) - Qatar has approached International Airlines Group , the owner of British Airways and Iberia, with an informal offer to become the company's largest shareholder by buying the 12 percent stake held by Spain's nationalized lender Bankia, the Financial Times reported.
Plains holders should vote down Freeport deal -proxy firm ISS
(Reuters) - Proxy advisory firm ISS said Plains Exploration & Production Co. shareholders should vote against the more than $6 billion proposed takeover of the oil and gas company by Freeport-McMoRan Copper & Gold Inc. , dealing a blow to the miner as shareholder resistance to the deal intensifies.
Hochtief sells airport unit to Canada's PSP Investments for $1.4 billion
FRANKFURT (Reuters) - German builder Hochtief has sold its airports division to Canada's Public Sector Pension Investment Board (PSP Investments) for 1.1 billion euros ($1.4 billion), seeking to cut debt and invest in its infrastructure business.
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