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Monday, June 9, 2014

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06/9/2014
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
Lloyds prices TSB stock market listing below book value
LONDON (Reuters) - Britain's Lloyds Banking Group has priced the stock market listing of its TSB business at below book value, aiming to attract investors amid a flurry of new issues and make progress on a much-delayed, costly sale.
Tyson wins bidding war for Hillshire over Pilgrim's Pride: source
(Reuters) - Tyson Foods Inc has prevailed over Pilgrim's Pride Corp in a bidding war for Jimmy Dean sausage maker Hillshire Brands Co, according to a person familiar with the matter.
Alitalia needs a few weeks to close Etihad deal: CEO
ROME (Reuters) - Alitalia needs a few weeks to complete a deal with Etihad which could see the Abu Dhabi airline invest 560 million euros ($762.4 million) in its struggling Italian peer, Alitalia chief executive Gabriele del Torchio said on Monday.
China Mobile set to buy stake in Thailand's True Corp: sources
BANGKOK (Reuters) - State-owned China Mobile Ltd is poised to buy an 18 percent stake in Thai telecoms group True Corp valued at around $581 million, people familiar with the matter said, in Thailand's first major corporate deal since a coup last month.
Man Group boosts U.S. fund of funds business with Pine Grove deal
LONDON (Reuters) - British hedge fund manager Man Group said on Monday it is buying credit-focused privately held fund of hedge fund firm Pine Grove Asset Management, stepping up a push into the United States.
Saab says potential Swedish defense orders worth $1.7 billion
STOCKHOLM (Reuters) - Swedish defense company Saab said it had potential orders of around 11.2 billion Swedish crowns ($1.7 billion) from the Swedish Defence Material Administration and had signed a letter of intent over a long-term submarine contract.
Lloyds Bank to price TSB IPO below book value: sources
LONDON (Reuters) - Lloyds Banking Group will on Monday price the sale of a 25 percent stake in its TSB business at below its book value, according to industry sources.
JPMorgan's Asia mergers head set to leave firm: source
HONG KONG/SINGAPORE (Reuters) - JPMorgan Chase & Co's top mergers and acquisition banker for Asia outside Japan, Rob Sivitilli, will leave the firm for personal reasons, a source with direct knowledge of the matter told Reuters on Sunday.
Gates Foundation sells stake in Britain's G4S
LONDON (Reuters) - Microsoft Corp co-founder Bill Gates has sold his entire stake in G4S Plc , the British security firm trying to bounce back from a series of scandals that have hurt its reputation and profits.
Uber snags $1.2 billion in new funding; seen valued at $18 billion
SAN FRANCISCO (Reuters) - Uber Inc has raised $1.2 billion from mutual funds and other investors in a funding round valuing the fast-growing rides-on-demand service at $18.2 billion, one of the highest valuations ever for a Silicon Valley startup.
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