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Monday, August 20, 2012

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08/20/2012
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
Best Buy says Schulze rejected due diligence deal
NEW YORK (Reuters) - Talks between struggling retailer Best Buy Co Inc and its founder Richard Schulze over taking the company private have broken down after the company said Schulze had rejected its offer to conduct due diligence.
Insurer Aetna to buy Coventry Health for $5.6 billion
(Reuters) - Insurer Aetna Inc said it will buy rival Coventry Health Care Inc for $5.6 billion in cash and stock to boost its share of government business and benefit from U.S. healthcare reforms.
Spotlight back on Thai suitor after Heineken hikes Tiger brewer bid
HONG KONG/AMSTERDAM (Reuters) - Heineken's sweetened offer of $6.35 billion to take control of the maker of Tiger Beer throws the spotlight back onto the Thai suitor that launched the beer battle last month.
Shell, Chevron to swap gas assets in Australia
(Reuters) - Royal Dutch Shell Plc will pay $450 million and swap interests in two fields off the Australian coast with Chevron Corp holdings in a $30 billion-plus liquefied natural gas (LNG) project that has been plagued by infighting among its stakeholders.
Norway's Orkla expands food business with $1 billion deal
OSLO (Reuters) - Norwegian conglomerate Orkla is to buy food producer Rieber & Soen in a deal valuing the target at 6.1 billion crowns ($1.03 billion) on a debt free basis, Orkla said on Monday.
Franco-Nevada, Inmet in $1 billion funding deal for Panama project
(Reuters) - Gold-focused royalty company Franco-Nevada Corp said it will provide $1 billion to Inmet Mining Corp for the development of its Cobre Panama copper-gold project in Panama.
Struggling Sharp to deliver asset report to banks in Sept: sources
TOKYO (Reuters) - Japan's embattled TV maker Sharp Corp will submit an asset appraisal report to its banks next month they will use to identify businesses the century-old company has to sell in return for funding, sources at the lenders said.
BAA to sell Stansted Airport after dropping legal appeal
LONDON (Reuters) - British airport operator BAA on Monday said it would proceed with the sale of London's Stansted airport after deciding not to challenge a Competition Commission (CC) ruling forcing it to sell the airport.
Korea Life likely to ditch plan to buy ING's SE Asia unit
SEOUL (Reuters) - Korea Life Insurance Co Ltd is unlikely to pursue its planned purchase of Dutch insurer ING's Southeast Asian life insurance operations, a spokesman for the Korean firm's parent Hanwha Group said on Monday.
Telenor says will not sell Vimpelcom shares, Alfa controls more
OSLO (Reuters) - Norway's Telenor said on Monday it has no plans to sell shares in Vimpelcom to achieve equal ownership with Russian co-investor Alfa-Group, which it says already has effective control over more shares in the mobile phone operator.
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