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Friday, August 24, 2012

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08/24/2012
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
Qatar raises Xstrata stake to over 12 percent
LONDON (Reuters) - Qatar, the second-largest shareholder in takeover target Xstrata , has bought almost 24 million pounds ($38 million) of additional shares in the miner, lifting its holding to over 12 percent and raising the stakes in a standoff with rival investor Glencore .
Exclusive: Santander plans Mexico unit listing for Sept 25 - source
MEXICO CITY (Reuters) - Banco Santander is looking to list its Mexican unit in Mexico and New York on September 25, a source close to the deal told Reuters late on Thursday.
Amerigroup says antitrust clearance for WellPoint deal delayed
(Reuters) - Amerigroup Corp said the antitrust waiting period for the closing of WellPoint Inc's $4.46 billion deal to buy the company was extended after the U.S. Department of Justice sought additional information from both companies.
BHP says committed to $20 billion Australian port project
LONDON (Reuters) - BHP Billiton , the world's largest miner, said it was still committed to a $20 billion expansion of the harbour at one of Australia's biggest ports, Port Hedland, after it signaled earlier in the week it would delay the investment.
Australia's Tinkler pulls $5.5 billion Whitehaven bid
MELBOURNE/SYDNEY (Reuters) - Australian electrician-turned-mining magnate Nathan Tinkler has walked away from a $5.5 billion bid to take Whitehaven Coal private, Whitehaven said on Friday, with a source saying the businessman was unable to line up enough funds.
Shareholders press F&N to explain future without Tiger Beer maker
SINGAPORE (Reuters) - Shareholders of Fraser and Neave (F&N) are urging the board to outline a future without Asia Pacific Breweries before they vote on a S$5.59 billion ($4.49 billion) deal to sell F&N's stake in the maker of Tiger Beer to Heineken .
Olympus sells mobile telecom unit to fund for $676 million
TOKYO (Reuters) - Japan's Olympus Corp said on Friday it will sell its mobile telecom business for 53 billion yen ($676 million) to an investment fund, as the cash-strapped medical equipment and camera maker tries to rebuild from a massive accounting fraud.
Mongolia mining minister seeks bigger Oyu Tolgoi stake: report
ULAN BATOR (Reuters) - Mongolia should seek to raise its stake in the giant Oyu Tolgoi copper and gold project, the country's new mining minister said, adding weight to concerns among foreign investors about rising resource nationalism following a June election.
Aer Lingus reiterates rejection of Ryanair bid
DUBLIN (Reuters) - Irish airline Aer Lingus on Friday renewed a call to its shareholders to reject Ryanair's latest takeover bid, saying its budget rival had failed to provide any new information on its offer.
Permira buying Japan sushi restaurant chain in $1 billion deal
HONG KONG/TOKYO (Reuters) - European private equity firm Permira's is buying Japan's largest sushi restaurant chain, Akindo Sushiro Co Ltd, for $1 billion including debt, in what is set to be the nation's second-biggest buyout deal this year.
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