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Monday, July 15, 2013

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07/15/2013
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
Loblaw to buy Shoppers Drug Mart for $11.9 billion
(Reuters) - Loblaw Cos Ltd, Canada's largest food retailer, will buy Shoppers Drug Mart Corp for C$12.4 billion ($11.9 billion), as it faces increasing competition from Target Corp and Wal-Mart Stores Inc.
Alexion valuation could choke any Roche bid
ZURICH (Reuters) - Buying Alexion Pharmaceuticals Inc would help Roche make a splash in the newly lucrative area of rare or so-called orphan diseases, but it could command a price that the Swiss drug maker is ultimately not willing to pay.
AT&T to pay hefty $1.2 billion for Leap in latest telco deal
NEW YORK (Reuters) - AT&T Inc will buy Leap Wireless International Inc for $1.19 billion, paying almost double the current value of the prepaid mobile service provider as major U.S. carriers scramble to acquire valuable wireless spectrum.
Shuanghui's $4 billion loan raises $5 billion so far
LONDON (Reuters) - The $4 billion loan backing Chinese pork producer Shuanghui International's $4.7 billion bid for U.S. meat processor Smithfield Foods has raised $5 billion from banks so far and could rise to $9 billion, banking sources said on Friday.
JPMorgan, Goldman eye sales of metal warehouse business: FT
(Reuters) - JPMorgan Chase & Co is following a move by rival Goldman Sachs Group Inc to explore sales of its metal warehouse business, the Financial Times said on Sunday.
US Airways shareholders approve merger with American
(Reuters) - US Airways Group Inc shareholders approved the carrier's plan to merge with AMR Corp's American Airlines, clearing another hurdle to the deal that would create the world's largest carrier.
Unusual Leap options trades before pending deal raise eyebrows
(Reuters) - Unusual buying of bullish options in prepaid wireless carrier Leap Wireless International Inc before a takeover bid by AT&T was announced on Friday has raised questions that the news may have reached investors ahead of time.
Media owners keep Hulu website, may bring in partners
LOS ANGELES (Reuters) - Walt Disney Co, Twenty-First Century Fox Inc and Comcast Corp's NBCUniversal said on Friday they decided to keep their video streaming website, Hulu, and will invest $750 million to help it grow.
Icahn sweetens bid for Dell by adding warrants
(Reuters) - Billionaire investor Carl Icahn and Southeastern Asset Management Inc sweetened their takeover bid for Dell Inc on Friday, adding warrants they said would increase the offer to a range of $15.50 to $18.00 per share from $14.00.
Elan seeks bids from Allergan, Forest: sources
NEW YORK (Reuters) - Irish drugmaker Elan Corp is seeking first-round bids next week after drawing interest from a few drugmakers including Allergan Inc and Forest Laboratories Inc , several people familiar with the matter said on Friday.
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