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Monday, June 11, 2012

Deals Today

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06/11/2012
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
Goldman nears hedge fund admin unit sale: source
LONDON (Reuters) - Goldman Sachs is close to signing a deal to sell its hedge fund administration business to U.S. bank State Street Corp , a source familiar with the situation said, the latest deal in a sector enjoying growing demand for its back-office services.
United Tech offers EU concessions for Goodrich buy: source
BRUSSELS (Reuters) - U.S. conglomerate United Technologies Corp. has offered to sell assets to secure EU regulatory approval for its $16.5 billion takeover of U.S. aircraft components maker Goodrich , according to a person familiar with the matter.
New Mozambique gas find boosts bid target Cove
LONDON (Reuters) - U.S. firm Anadarko Petroleum Corp announced a further major gas find off the coast of Mozambique on Monday, raising the stakes in the bid war for London-listed partner, Cove Energy .
Temasek buys 5.5 percent stake in Ivanhoe Mines
SINGAPORE (Reuters) - Singapore state investor Temasek Holdings has taken a 5.5 percent stake in Canada's Ivanhoe Mines valued at $426 million, according to a regulatory filing.
Technicolor rejects higher JPMorgan offer
PARIS (Reuters) - French set-top box maker Technicolor SA rejected a revised offer from a JPMorgan Chase investment fund to buy a 30 percent stake for 179 million euros ($223 million) and opted instead for an original, lower offer which it said was better structured.
South Africa, Saudi Arabia earmark $2.4 billion for joint ventures
CAPE TOWN (Reuters) - South Africa and Saudi Arabia have set up a 20 billion rand ($2.4 billion) holding company for farming, mining and petrochemical investments as both countries seek to diversify their economies.
Premafin board says to go ahead with Unipol deal
MILAN (Reuters) - The boards of Premafin , the Ligresti family's listed holding that owns 36 percent of Italian insurer Fondiaria-SAU , has said it will go ahead with a deal with rival insurer Unipol to rescue its troubled insurance group.
GE plans $900 million investment in Turkey
ISTANBUL (Reuters) - General Electric Co. will invest $900 million in Turkey's infrastructure development and innovation projects over the next three years, John Rice, Vice Chairman and President of GE global growth and operations said on Monday in Istanbul.
Volkswagen eyes U.S. truckmaker Navistar stake: paper
FRANKFURT (Reuters) - Volkswagen is in the early stages of examining whether to take a stake in troubled U.S. truckmaker Navistar International in order to close the gap to rival Daimler , the Financial Times Deutschland reported on Sunday.
Germany's RAG threatens to pull Evonik IPO
DUESSELDORF/FRANKFURT (Reuters) - The owners of German chemicals firm Evonik may pull the plug on an initial public offering (IPO) which, when announced, was billed as Europe's biggest flotation in more than a year.
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