Deals Today

	Click to View in Browser 08/31/2012 Dealtalk: Banks pin hopes on $7.6 billion AIA selldown to buffer poor year HONG KONG (Reuters) - As American International Group becomes free next week to sell a $7.6 billion stake in former unit AIA , deal-starved bankers in Hong Kong are jostling for a role in what may be Asia-Pacific's biggest stock market event of the year. Activist fund calls for Xstrata board shakeup if bid fails LONDON (Reuters) - Activist fund Knight Vinke on Friday became the first leading shareholder in Xstrata to publicly question the future of the miner's board if a proposed $31 billion bid from trader Glencore collapses at a vote next week. Investors cast doubts on Sharp's future, ability to pay debts TOKYO (Reuters) - Sharp Corp shares fell almost 13 percent and ratings agency Standard & Poor's downgraded the company's debt to junk, underscoring growing concerns about the ability of the loss-making firm to pay its debts and revive its business. Sharp says eager to sell stake to Hon Hai soon OSAKA (Reuters) - Sharp Corp wants to conclude a deal that would make Taiwan's Hon Hai Precision Industry Co Ltd its biggest shareholder as soon as possible, its chief financial officer said on Friday, as the Japanese TV maker struggles to overcome losses that have bled it of cash. Indian court orders Sahara to refund $3 billion to investors NEW DELHI (Reuters) - India's top court on Friday ordered the Sahara conglomerate, the lead sponsor of India's cricket team and which recently agreed to buy New York's Plaza Hotel, to refund more than $3 billion raised from millions of small investors, reaffirming earlier rulings that said Sahara's fundraising did not comply with securities regulations. China's Shandong takes stake in Germany's Kion FRANKFURT (Reuters) - Shandong Heavy Industry Group will buy a one quarter stake in Kion Group , giving China access to industrial technology from the world's number two fork lift truck maker in the largest direct investment by a Chinese company in a German firm. Antitrust group asks for Universal, EMI deal to be stopped WASHINGTON (Reuters) - An independent antitrust group urged U.S. regulators on Thursday to stop Universal Music Group's plan to buy EMI Music's labels for $1.9 billion because it says the deal would give Universal too much power in the music industry. Korean Air submits sole initial bid for $1.1 billion KAI stake SEOUL (Reuters) - Korean Air Lines Co was the sole preliminary bidder for an estimated 1.2 trillion won ($1.06 billion) stake in aircraft maker Korea Aerospace Industries , KAI's largest shareholder Korea Finance Corp said Friday. Otkritie Financial Corp to buy the rest of Nomos bank MOSCOW (Reuters) - Otkritie Financial Corporation said on Friday it plans to consolidate up to 100 percent in Nomos bank over the coming two years, increasing its holding from just under 20 percent. Taylor & Martin files for IPO of up to $172.5 million (Reuters) - Taylor & Martin Group Inc, which helps companies cash their excess inventory and assets, filed with U.S. regulators on Thursday to raise up to $172.5 million in an initial public offering of common stock. Related Video Breakingviews: Spanish junk pending Time not ripe for more China easing: Rogers Related News Consumer spending posts biggest rise in five months Record farm export sales seen despite drought: USDA A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend