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Thursday, September 26, 2013

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09/26/2013

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

Tokyo Electron takeover could be a mold-breaker for Japan

TOKYO (Reuters) - Applied Materials Inc's $10 billion acquisition of Tokyo Electron Ltd is more than just a milestone foreign takeover in Japan - it's a rare forward-looking deal in a country where selling to an overseas rival is usually a last resort.

Fairfax's Watsa confident BlackBerry bid will succeed

TORONTO (Reuters) - Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd.

Lixil to buy Grohe in $4 billion landmark deal

TOKYO/FRANKFURT (Reuters) - Germany's biggest bathroom fittings company Grohe has been snapped up by Japanese building products group Lixil in a 3.06 billion euro ($4.13 billion) deal, marking the largest ever investment by Japan in Europe's biggest economy.

Raiffeisen to buy specialist units to cut more costs

VIENNA (Reuters) - Raiffeisen Zentralbank , the parent of Raiffeisen Bank International , plans to bring four of its eight independent specialist units into the wider group to cut costs.

UBS places Bankia's stake in Mapfre for $3.6 per share

MADRID (Reuters) - Broker UBS said on Thursday it had placed the 12 percent stake in Spanish insurer Mapfre held by the country's largest state-rescued lender Bankia for 2.647 euros ($3.6) per share for a total of almost 1 billion euros.

Intesa executive denies talk of Monte Paschi tie-up

MILAN (Reuters) - Market rumors about any kind of tie-up between Italy's biggest retail bank Intesa Sanpaolo and struggling domestic rival Monte dei Paschi di Siena are groundless, the head of Intesa's management board said on Thursday.

Lixil CEO: Grohe would be its last big M&A deal for some time

TOKYO (Reuters) - Japan's Lixil Group Corp would take a break from major acquisitions if it completes a planned $4 billion deal for European bathroom fixtures maker Grohe , the chief executive of Lixil told Reuters on Thursday.

Drinks firm Stock Spirits plans London share market debut

LONDON (Reuters) - Vodka maker Stock Spirits plans to sell at least a quarter of its shares next month in a London listing which could value it at up to 700 million pounds as it looks to expand across eastern Europe.

EADS CEO sees no urgency to decide on Dassault stake

PARIS (Reuters) - The head of European aerospace group EADS said on Thursday its 46 percent stake in Dassault Aviation is not strategic but that there is no urgency to decide its future.

U.S. to get coveted Alibaba IPO after Hong Kong talks founder

HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd will pursue an IPO in the United States after talks with Hong Kong regulators broke down, a move bound to set off a dogfight between the two main U.S. stock exchanges for the offering.