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Wednesday, August 22, 2012

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08/22/2012
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
Heineken inches closer to controlling Tiger beer maker
SINGAPORE (Reuters) - Heineken raised its stake in Asia Pacific Breweries (APB) to about 44.6 percent after buying shares from Singapore's Temasek Holdings and other shareholders, underlining its resolve to gain control of the maker of Tiger beer.
Exclusive: Barry Diller's IAC offers $300 million for About.com
(Reuters) - Barry Diller's IAC/Interactivecorp submitted an offer in excess of $300 million to buy the About.com information website from the New York Times Co, according to people with knowledge of the situation.
China Telecom buys parent's 3G assets for $13 billion, shares rally
HONG KONG (Reuters) - China Telecom Corp Ltd, the smallest of China's three mobile carriers, said on Wednesday it would acquire 3G network infrastructure from its parent for an initial $13.3 billion to cut future costs, sparking a rally in the company's shares.
Glencore says $30 billion Xstrata deal "not a must-do"
LONDON (Reuters) - Glencore's $30 billion bid for miner Xstrata is not a "must-do deal" its chief executive said on Tuesday, in making the company's strongest suggestion yet that it will not yield to key shareholder Qatar's demands for an improved offer.
Italy's Generali looks to sell U.S. reinsurance arm
MILAN/LONDON (Reuters) - Italy's biggest insurer Assicurazioni Generali has commissioned Citigroup to look into selling the group's U.S. life reinsurance business, two sources close to the matter said on Wednesday.
Icahn pulls offer for rest of CVR, shares drop
(Reuters) - Carl Icahn has withdrawn his $29-per-share offer to buy the remaining shares of U.S. oil refiner CVR Energy that he does not already own, the billionaire investor said on Tuesday, and the stock fell 3 percent in trading after the close.
Qatar buys 22 percent stake in China investment firm CITIC Capital
SHANGHAI/DUBAI (Reuters) - A unit of Qatar's sovereign wealth fund has bought a 22 percent stake in CITIC Capital Holdings, linking one of the Middle East's most powerful investors with one of China's top investment funds.
KKR plans up to $1 billion India-specific debt fund: sources
HONG KONG (Reuters) - Global buyout fund KKR & Co LP is in early stage discussions to launch a debt fund to invest in India that could raise $750 million to $1 billion, sources with direct knowledge of the matter told Reuters.
Analysis: Drought dampens Jana's case in Agrium fight
(Reuters) - If Jana Partners fails in its bid to shake things up at Canada's Agrium Inc , the New York hedge fund can always blame the weather.
Mexico's Cemex gains breathing room on debt payment
MEXICO CITY (Reuters) - Mexican cement maker Cemex moved closer on Tuesday to wrapping up an ambitious refinancing deal to push back payment of $7.2 billion of debt, and also announced a planned asset sale that would give the company much-needed breathing room.
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