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Friday, April 18, 2014

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04/18/2014
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
Exclusive: 'Leopard King' Cavalli nears 450 million euro sale to Permira - sources
LONDON (Reuters) - Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.
Potential Sprint/T-Mobile deal may prompt U.S. auction rethink
WASHINGTON (Reuters) - A possible merger between Sprint Corp and T-Mobile US Inc could prompt U.S. regulators to rewrite rules they are now weighing for a 2015 auction of airwaves, according to sources familiar with the proposed regulations.
Weibo cuts IPO size amid selloff in technology stocks
(Reuters) - China's Weibo Corp, a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.
Post Holdings to buy Michael Foods for $2.45 billion
(Reuters) - Cereal maker Post Holdings Inc said it will buy egg and dairy producer and distributor Michael Foods Inc for $2.45 billion in its largest-ever deal.
Facing FTC action, U.S. ringmakers call off deal
WASHINGTON (Reuters) - Jostens, a leader in the school ring and academic memento market, on Thursday said it had dropped plans to acquire competitor American Achievement Corp - a deal the Federal Trade Commission had said it would fight.
Virtu IPO timing not set in stone: source
(Reuters) - High-speed trading firm Virtu Financial Inc has not set a date to go to market with its initial public offering at this time, according to a person familiar with the matter.
Banco Popolare says successfully closed 1.5 billion euros share sale
MILAN (Reuters) - Banco Popolare said on Thursday it had successfully closed its capital increase for 1.5 billion euros ($2.1 billion), the first Italian lender to tap the market for funds ahead of Europe-wide health check of the sector.
Hellman & Friedman targets $8.9 billion for Fund VIII
NEW YORK, April 17 (Reuters-BUYOUTS) - Hellman & Friedman is seeking a comparable fund size to its flagship vehicle of nearly $9 billion raised in the midst of the financial crisis, in the buyout firm's first major capital-raising effort since the death of co-founder Warren Hellman in 2011.
Etihad toughens stance on Alitalia deal but talks continue: sources
ROME (Reuters) - Etihad Airways has toughened its stance on conditions for investing in Italy's struggling Alitalia in continuing negotiations between the airlines, sources close to the matter said on Thursday.
Monte Paschi set to approve bigger capital increase
MILAN (Reuters) - Italian lender Monte dei Paschi di Siena looks likely to increase a planned share sale to 5 billion euros ($6.9 billion), two billion euros more than first planned, to help it pass a Europe-wide bank health check and repay state aid.
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