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Thursday, May 31, 2012

Deals Today

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05/31/2012
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
Lufthansa pulls out of Finnair catering deal
HELSINKI (Reuters) - Deutsche Lufthansa AG said on Thursday it has pulled out of a deal to buy Finnair's catering business, because the German company's board did not approve the transaction due to a spending freeze.
Graff pulls Hong Kong IPO, latest victim of weak markets
HONG KONG (Reuters) - London luxury jeweler Graff Diamonds has pulled its planned $1 billion Hong Kong initial public offering, the fourth major IPO to be called off in Asia this week, as tumbling stock markets threaten to claim yet more casualties in the region.
Canada's CGI to buy Logica to create global IT firm
LONDON (Reuters) - Canada's CGI Group Inc agreed to buy Anglo-Dutch IT services firm Logica for $2.64 billion on Thursday, giving it the scale and geographical presence to meet multinational companies' demands for global IT contracts.
Malaysia launches $3 billion IPO with eye on poll
KUALA LUMPUR (Reuters) - Malaysian Prime Minister Najib Razak unveiled on Thursday the $3.3 billion listing of palm oil giant Felda Global, paving the way for Asia's largest initial public offering so far this year that could also lift his chances of winning a national election.
US Airways, TPG weigh joint bid for American's parent: sources
NEW YORK (Reuters) - US Airways Group and private equity firm TPG Capital may team up to bid for American Airlines' parent, AMR Corp , according to people familiar with the discussions.
Dubai govt backs $1 billion loan for DIFCI: sources
DUBAI/ABU DHABI (Reuters) - The Dubai government will partly guarantee the $1 billion loan which DIFC Investments will use to repay its $1.25 billion Islamic bond maturing in June, two sources said on Thursday.
Maersk to buy UK assets for $127 million from Noble
COPENHAGEN (Reuters) - Danish oil and shipping group A.P. Moller-Maersk said on Thursday it would buy a 30 percent stake in two British oil fields and a production unit from Noble Energy for $127 million.
Prudential Plc buying Swiss Re's U.S. unit for $621 million
HONG KONG (Reuters) - Britain's No. 1 insurer Prudential Plc said on Thursday it is buying Swiss Re's U.S.-based life insurance business for $621 million in cash.
Telenor sees new India partner before airwaves auction
NEW DELHI (Reuters) - Norway's Telenor is confident of roping in a new partner in India before a radio airwaves auction due by end-August, a senior company executive said on Thursday.
TNK-BP co-owner says open to offers: report
MOSCOW (Reuters) - TNK-BP , British oil major BP's Russian joint venture that is embroiled in a shareholder dispute, may get a third investor, co-owner and former chief executive Mikhail Fridman was quoted on Thursday as saying.
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