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Tuesday, June 11, 2013

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06/11/2013
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 raises Sprint offer, wins key shareholder support
TOKYO/NEW YORK (Reuters) - Japanese mobile operator SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion, as it fights off a counter bid by Dish Network Corp .
Dole CEO offers $12 per share to buy rest of company
(Reuters) - Fruit and fresh vegetable distributor Dole Food Co Inc received an unsolicited buyout offer from Chief Executive David Murdock valuing the company at just over $1 billion.
Bidder for Britain's Severn Trent set to walk as deadline looms
LONDON (Reuters) - British water company Severn Trent will see its suitor walk away on Tuesday unless it starts last-minute talks with the Canadian-led consortium whose three previous approaches it has spurned.
Dubai World makes first major asset sale since crisis
DUBAI (Reuters) - Dubai World , the state-linked group whose $25 billion of debt brought the emirate to the brink of financial collapse in 2009, has sold one of its UK assets as part of its efforts to repay creditors.
Coty IPO set to draw investors despite blemishes
NEW YORK (Reuters) - After 109 years of selling beauty products, Coty Inc is ready for its close-up, blemishes and all.
U.S. Navy to sign deal with Bell, Boeing for 99 more V-22 tilt-rotor aircraft
WASHINGTON (Reuters) - The U.S. Navy plans to sign this week a five-year contract valued just under $6.5 billion to buy 99 new V-22 Osprey tilt-rotor aircraft built by Boeing Co and Bell Helicopter, a unit of Textron Inc , saving $1 billion over that period, the program's manager said in an interview on Monday.
Tax leverage helps make Irish pharma a popular target
NEW YORK (Reuters) - Irish pharmaceutical companies are becoming increasingly popular takeover targets as buyers compete for benefits seen in the country's lower tax rates.
Exclusive: EU regulators to clear Delta, Virgin deal unconditionally - sources
BRUSSELS (Reuters) - Delta Air Lines is expected to secure unconditional European regulatory approval to buy a 49 percent stake in Virgin Atlantic, allowing it to compete better with rivals in the lucrative transatlantic market.
Dish Network says due diligence on Sprint is ongoing
(Reuters) - Dish Network Corp on Monday said it was still doing due diligence on Sprint Nextel Corp , for which it made an unsolicited $25 billion offer in April.
Dish still eyeing Sprint books days ahead of vote
(Reuters) - Dish Network Corp said it was still examining Sprint Nextel Corp's books just two days before shareholders were due to vote on rival bidder SoftBank Corp's proposed $20.1 billion purchase of 70 percent of Sprint.
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