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Tuesday, August 28, 2012

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08/28/2012
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
Hertz to buy car hire rival Dollar Thrifty for $2.56 billion
(Reuters) - Hertz Global Holdings agreed to buy rival Dollar Thrifty Automotive Group for about $2.56 billion in a deal that puts the combined company's share of the U.S. car rental market at around 25 percent.
Vestas shares soar on Mitsubishi talks
COPENHAGEN (Reuters) - Ailing wind turbine maker Vestas is in talks with Japan's Mitsubishi Heavy Industries which could result in a much-needed capital injection, sending its shares sharply higher.
Toyota Tsusho confirms to buy rest of CFAO
PARIS (Reuters) - Japanese conglomerate Toyota Tsusho Corp confirmed on Tuesday that it planned to go ahead with an offer for the remainder of distribution firm CFAO after buying a 29.8 percent stake from French retailer PPR .
M&T Bank to buy Hudson City Bancorp in $3.7 billion deal
(Reuters) - M&T Bank Corp agreed to buy smaller rival Hudson City Bancorp Inc for $3.7 billion, in a deal that allows the bigger bank to expand its presence on the U.S. East Coast.
General Dynamics announces second acquisition in a week
WASHINGTON (Reuters) - General Dynamics Corp on Monday announced its second acquisition in a week, moves the company said were aimed at expanding its portfolio and keeping its offerings relevant.
IBM enters HR web applications market with Kenexa buy
(Reuters) - IBM Corp will buy Kenexa Corp for about $1.3 billion to enter the human resources software market in a move that would likely increase competition with Oracle Corp and SAP AG who recently bought into the sector.
Ryanair courts rivals to secure Aer Lingus: FT
LONDON (Reuters) - Ireland's Ryanair has asked at least six airlines to operate alternative services on some Aer Lingus routes, as it seeks regulatory approval for a $850 million takeover of its domestic rival, the Financial Times reported on Tuesday.
Court dismisses claims over Express Scripts: Medco merger
NEW YORK (Reuters) - Pharmacy benefit manager Express Scripts Inc on Monday won the dismissal of most legal claims that its $29 billion acquisition of Medco Health Solutions Inc violates federal antitrust law.
Dealtalk: Cheap Bakken shale oil companies ripe for acquisition
(Reuters) - Small U.S. oil producers with big acreage in the remote Bakken shale field of Montana, North Dakota and Saskatchewan are ripe for acquisitions due to their cheap valuations.
Dynegy sees Chapter 11 exit as creditors OK plan
(Reuters) - Creditors of power producer Dynegy Inc and its Dynegy Holdings LLC unit voted overwhelmingly in favor of their joint bankruptcy reorganization plan, and the companies expect to emerge from Chapter 11 shortly after the plan wins court approval.
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