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Tuesday, May 6, 2014

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05/6/2014
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
Pfizer signals open to hostile option for AstraZeneca
NEW YORK (Reuters) - Pfizer Inc's top officials said on Monday they are weighing all strategies, including potential hostile maneuvers, in the company's effort to seal a $106 billion takeover of British drugmaker AstraZeneca Plc.
UK lawmakers summon Pfizer and AstraZeneca
LONDON (Reuters) - Representatives from U.S. drugmaker Pfizer and British pharmaceutical firm AstraZeneca will be called before a British parliamentary committee to discuss a potential takeover deal in the coming weeks, a committee spokesman said on Tuesday.
France's Hollande says GE must improve Alstom bid
PARIS (Reuters) - French President Francois Hollande said General Electric's bid for Alstom's energy business is not acceptable as it stands and that the government's aim is to get better offers.
Insurer Endurance working on higher bid for Aspen: sources
NEW YORK (Reuters) - Endurance Specialty Holdings Ltd is considering increasing its offer to acquire rival reinsurer Aspen Insurance Holdings Ltd to around $50 per share, or roughly $3.26 billion, people familiar with the matter said.
AMD expands low-power chip technology licensing deal
SAN FRANCISCO (Reuters) - Chipmaker Advanced Micro Devices has expanded its licensing technology agreement with Britain's ARM Holdings as the U.S. company seeks growth outside the slowing personal computer industry.
China's Tencent plans to acquire stake in map provider Navinfo
SHANGHAI (Reuters) - Chinese internet service provider Tencent Holdings plans to acquire an 11.3 percent stake in digital mapping service provider Navinfo Co Ltd for 1.17 billion yuan ($187.33 million), Navinfo said late on Monday.
France opposes current GE offer for Alstom assets
PARIS (Reuters) - The French government rejected General Electric's current bid for Alstom's energy assets on Monday, but opened the door for a deal that would also combine the two companies' rail businesses.
Warburg Pincus explores New Breed Logistics sale: sources
(Reuters) - Private equity firm Warburg Pincus LLC is exploring a sale of New Breed Logistics Inc in a deal that could value the supply chain management company at more than $1 billion, according to people familiar with the matter.
WordPress.com parent raises $160 million
(Reuters) - Web developer Automattic, the company that operates blogging service WordPress.com, said it raised $160 million from a group of investors led by venture capital firm Insight Ventures.
Chinese jobs website Zhaopin files for U.S. IPO
(Reuters) - Chinese jobs website operator Zhaopin Ltd filed with U.S. regulators to raise up to $100 million in an initial public offering of American depositary shares.
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