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Wednesday, October 23, 2013

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10/23/2013
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
HSBC fails to win regulatory approval for sale of Pakistan unit
HONG KONG (Reuters) - HSBC Holdings plc has failed to win regulatory approval from the State Bank of Pakistan for the sale of its business in the country, the U.K.-based lender said.
American Realty buys Cole to become top US net-lease REIT
(Reuters) - American Realty Capital Properties said it would buy Cole Real Estate Investments for $11.2 billion to create the largest net-lease real estate investment trust (REIT) in the United States.
APR Energy in $314 million deal for GE power rental business
(Reuters) - APR Energy has agreed to buy General Electric's power rental business for $314 million in cash and stock, consolidating its position in the temporary power market and making GE its biggest investor.
Private equity firm Ardian seals $4.3 billion in secondary deals
LONDON (Reuters) - Private equity firm Ardian said on Wednesday it had spent $4.3 billion on acquiring stakes in buyout funds since September last year, defying suggestions there is a shortage of sellers in the secondary market.
Exclusive: Cerberus, others explore deal for Safeway - sources
NEW YORK (Reuters) - A handful of buyout firms, including Cerberus Capital Management LP, are exploring a deal for all or part of supermarket chain Safeway Inc , according to people familiar with the matter, in what could potentially shape up to be one of the largest leveraged buyouts since the financial crisis.
Corning to buy out Samsung from LCD JV, signs 10-year supply deal
(Reuters) - Corning Inc said it would buy out Samsung Display's stake in their LCD glass joint venture in a deal that could see the Samsung Electronics Co Ltd subsidiary take a 7.4 percent share in the Gorilla Glass maker.
Twitter obtains $1 billion credit line on road for IPO
SAN FRANCISCO (Reuters) - Twitter Inc has obtained a $1 billion credit line ahead of its initial public offering, the company disclosed Tuesday in an amended investor prospectus.
Telenor buys Tele2 fiber and cable business in Sweden
STOCKHOLM (Reuters) - Norwegian telecoms group Telenor said on Wednesday it has agreed to acquire Tele2's fiber and cable television business in Sweden for a total of 775 million Swedish crowns ($122 million).
Argentina says to keep buying LNG from Spain's GNF despite court ruling
BUENOS AIRES (Reuters) - Argentina's state-run energy company YPF will continue to buy liquid natural gas (LNG) from Spain's Gas Natural Fenosa (GNF) despite a ruling against the purchases by an Argentine federal judge, YPF chief Miguel Galuccio said on Tuesday.
Sobeys-Safeway deal approved by Canada's Competition Bureau
TORONTO (Reuters) - Empire Co Ltd , the operator of Canadian grocery chain Sobeys, said on Tuesday that Canada's competition watchdog approved its acquisition of substantially all of Safeway Inc's assets in Canada.
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