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Friday, September 27, 2013

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09/27/2013
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
Britain kicks off Royal Mail sale with $5.3 billion price tag
LONDON (Reuters) - Britain's Royal Mail postal service should a command a value of as much as 3.3 billion pounds ($5.3 billion) when it makes its London stock market debut next month, the government said on Friday as it began taking orders for the selloff.
J.C. Penney says will have $1.3 billion in cash excluding offering
(Reuters) - Struggling retailer J.C. Penney Co Inc said it expects to end the year with about $1.3 billion in cash, excluding the proceeds from a share offering.
Russian tycoon Gutseriyev reclaims all of oil firm Russneft
SOCHI, Russia (Reuters) - Russian tycoon Mikhail Gutseriyev has bought from Sberbank the two percent of mid-sized oil producer Russneft he did not already own, ending his long battle for the firm, he said on Friday.
Rosneft's Sechin offers to buy out TNK-BP minorities
MOSCOW (Reuters) - Russian Rosneft's board will consider the possibility of buying out minority shareholders of TNK-BP Holding, offering a 20 to 30 percent premium to the current share price, Rosneft's head Igor Sechin said on Friday.
Devon Midstream Partners files for IPO of up to $400 million
(Reuters) - Devon Midstream Partners L.P. filed with U.S. regulators on Friday to raise up to $400 million in an initial public offering of its common units.
Vestas and Mitsubishi Heavy form joint venture
COPENHAGEN (Reuters) - Danish wind turbine producer Vestas Wind Systems and Japanese conglomerate Mitsubishi Heavy Industries (MHI) have agreed to form a joint venture aimed at gaining a strong position in the market for offshore wind turbines.
Rosneft says buys Alrosa gas assets for $1.4 billion
MOSCOW (Reuters) - Russia's top oil producer Rosneft has agreed to buy gas assets from diamond miner Alrosa for $1.4 billion, in a drive to expand its natural gas business, Rosneft said on Friday.
KKR to buy Panasonic's healthcare unit in $1.67 billion deal
(Reuters) - U.S. private equity firm KKR & Co said it will initially pay about 165 billion yen ($1.67 billion) for Panasonic Corp's healthcare unit, in what could be the largest buyout deal in Asia year to date.
Archipelago agrees to 338 million pounds takeover by Indonesia's Rajawali
LONDON (Reuters) - Indonesia-focused gold firm Archipelago Resources said it agreed to be acquired by PT Rajawali Corporation, an Indonesian company which already owns 53 percent of the company, in an offer that values it at 338 million pounds ($541 million).
Shuanghui to cut stake in Spain's Campofrio
MADRID (Reuters) - The Chinese group that inherited the largest single stake in Spanish food company Campofrio plans to sell enough shares to avoid making a forced takeover, though some analysts viewed the move merely as a postponement.
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