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Tuesday, May 8, 2012

Deals Today

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05/8/2012
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
SingTel close to Silicon Valley startup deal: source
(Reuters) - Singapore Telecommunications Ltd , Southeast Asia's largest telecoms company, is close to acquiring a Silicon Valley-based mobile advertising startup, a person familiar with the matter said.
Marubeni close to buying Gavilon for $5.2 billion: source
TOKYO (Reuters) - Marubeni Corp is in advanced talks to buy U.S. grain and energy trader Gavilon for about $5.2 billion including debt, a source close to the deal said on Tuesday, as Japanese trading houses expand an overseas buying spree to secure grain supplies.
Asahi to buy Japan drinks maker Calpis for $1.5 billion
TOKYO (Reuters) - Brewer Asahi Group Holdings said it will buy soft drinks maker Calpis Co for about 120 billion yen ($1.5 billion), its largest deal to date as it seeks new revenue sources, and a move that could hasten a realignment of Japan's beverage sector.
H.B. Fuller to sell Latam paints business for $120 million
(Reuters) - Specialty chemicals maker H.B. Fuller said it will sell its Central American paints business to a Grupo Mundial unit for $120 million, to focus on its core adhesives business.
Bwin.party signs California online poker deal
LONDON, MAY 8 - Bwin.party digital, the world's largest listed online gaming company, said it had prepared the ground for a possible relaxation of U.S. internet betting laws by signing a deal with a Native American tribe which operates gambling in California.
Crosstex Energy to expand in Utica with $210 million buy
(Reuters) - Gas-focused pipeline company Crosstex Energy LP will buy privately held pipeline services provider Clearfield Energy Inc for about $210 million in cash to expand its presence in Ohio's Utica shale region.
America Movil offers $4.2 billion for KPN stake
AMSTERDAM (Reuters) - America Movil , the telecoms group controlled by Mexican tycoon Carlos Slim, has offered to buy a stake worth up to 3.2 billion euros ($4.2 billion) in Netherlands-based KPN NV , seeing it as a base for potential expansion in Europe.
Intercell signs finance deal with BB Biotech
VIENNA (Reuters) - Austrian biotech group Intercell has signed a financing deal with Switzerland's BB Biotech and is in talks with other investors about a private stock placement that could total 20 million euros, it said.
Chesapeake should consider sale: top investor
(Reuters) - Chesapeake Energy Corp's largest shareholder urged the natural gas company to remain open to acquisition, despite the weakness of its share price
Corrected: Swiss companies still hungry for quality buys
ZURICH/LONDON (Reuters) - Swiss companies with strong local currency cash piles burning a hole in their pockets are defying a weak global economic backdrop as they hunt more acquisitions even after a raft of corporate buys helped buoy an otherwise anemic European market.
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