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Thursday, September 12, 2013

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09/12/2013
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
Clock ticking for a 2013 Alibaba IPO
HONG KONG (Reuters) - The door is closing fast for Alibaba Group Holding Ltd to complete an initial public offering in 2013.
Hotel operator Hilton files for $1.25 billion IPO
(Reuters) - Hotel operator Hilton Worldwide Inc, backed by Blackstone Group LP, filed for an initial public offering of up to $1.25 billion.
Exclusive: Societe Generale said to explore sale of Asia private bank
SINGAPORE/HONG KONG (Reuters) - Societe Generale, France's No. 2 listed bank, is exploring the sale of its Asia private banking arm, people familiar with the matter told Reuters, seeking to exit a market where small managers are getting hit by rising costs and competition.
KPN, America Movil talk about bid, say result unclear
BRUSSELS (Reuters) - Dutch telecoms company KPN has entered into talks with Mexico's America Movil over the latter's 7.2 billion-euro ($9.6 billion) takeover offer, the two sides said on Thursday, although both cautioned that the outcome was unclear.
Britain to float Royal Mail within weeks
LONDON (Reuters) - Britain embarked on its largest privatization in decades on Thursday as the government unveiled plans to sell the majority of the near 500-year-old state-owned Royal Mail postal service.
Lockheed Martin pursues tech deals in Britain, Australia
LONDON (Reuters) - U.S. defense company Lockheed Martin is looking to make more technology acquisitions in Britain and Australia after buying UK technology firm Amor Group.
S. Korea's ex-air force chiefs slam Boeing choice in fighter deal
SEOUL (Reuters) - South Korea's 15 former air force chiefs have signed a petition opposing the selection of Boeing Co's F-15 Silent Eagle for the country's 8.3 trillion won ($7.64 billion) fighter jet program, one former chief said on Thursday, saying the plane lacked the cutting-edge stealth capabilities of more modern fighters.
3i offers to buy remaining stake of ferry group Scandlines
FRANKFURT (Reuters) - Private equity investor 3i has offered to buy the shares in Scandlines it does not already own, after an attempt to find a buyer for the ferry group failed earlier this summer, it said in a statement on Thursday.
Dell launches $5.5 billion loan to back leveraged buyout
NEW YORK (Reuters) - Computer maker Dell Inc set indicative pricing on the new $5.5 billion loan backing the company's approximately $25 billion buyout by founder and CEO Michael Dell and private equity firm Silver Lake Partners, sources told Thomson Reuters LPC.
Umpqua to buy Sterling Financial in $2 billion deal
NEW YORK (Reuters) - Umpqua Holdings Corp has agreed to buy private-equity backed Sterling Financial Corp in a $2 billion cash-and-stock deal, the companies said on Wednesday.
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