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Wednesday, May 30, 2012

Deals Today

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05/30/2012
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
Technicolor board backs JPMorgan stake plan
PARIS (Reuters) - The board of directors of French digital video specialist Technicolor has backed a plan for U.S. bank JPMorgan Chase to take a stake of up to 29.96 percent over a rival offer from private equity firm Vector Capital.
Rothschilds buy into Rockefeller wealth business
LONDON (Reuters) - Two of the most glamorous names in global finance are linking up, with the Rothschild banking dynasty agreeing to buy a stake in the Rockefeller group's wealth and asset management business to get a long-sought foothold in the United States.
Dewey close to deal with ex-partners: attorney
(Reuters) - An attorney for bankrupt law firm Dewey & LeBoeuf on Tuesday said the firm was "close" to a deal that would allow it to recover money from some of its former partners.
Booker snaps up Metro's UK cash & carries
LONDON/BANGALORE (Reuters) - British group Booker is to buy the loss-making British cash & carry operations of German retailer Metro , giving it more customers and products and taking a long-running problem off Metro's hands.
China firm in talks for $3 billion Pakistan wind farm
HONG KONG (Reuters) - Chinese oil and gas company United Energy Group Ltd said on Wednesday it plans to invest $3 billion in a wind farm project in energy-starved Pakistan and is in talks to buy equipment from mainland suppliers.
Sony, Panasonic top candidates for Olympus tie-up: Asahi
TOKYO (Reuters) - Japanese electronics firms Sony Corp and Panasonic Corp are the leading contenders to take an equity stake in Japan's scandal-hit Olympus Corp , the Asahi Shimbun said on Wednesday in a report that sent Olympus shares surging.
BG sells Philippines plants stake for $360 million
LONDON (Reuters) - UK gas producer BG Group Plc said on Wednesday it had agreed to sell its 40 percent stake in two gas-fired power generation plants in the Philippines to free up cash to invest in more lucrative gas and oil production.
Peabody Australia mine attracts Asian interest
SEOUL/BANGKOK (Reuters) - Coal miner Peabody Energy Corp has attracted a bid from South Korean trader LG International for its Wilkie Creek mine in Australia, which is valued at around $500 million, but may not draw as many bids as it had hoped for.
CVCI fund invests in Thai skincare company
HONG KONG (Reuters) - Emerging markets fund CVCI Private Equity and a co-investor advised by Thai Strategic Capital have bought a significant minority stake in Thai skincare company Wuttisak Clinic Inter Group Co Ltd, a source familiar with the matter told Reuters.
Clock ticking for KPN in battle vs. Carlos Slim
PARIS/AMSTERDAM (Reuters) - Mexican tycoon Carlos Slim launched his offer to buy up to 27.7 percent of Dutch telecoms group KPN on Wednesday, giving KPN just four weeks to come up with a plan to convince shareholders to reject an offer it believes is too low.
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