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Monday, September 17, 2012

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09/17/2012
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
GE hires Morgan Stanley to review $2.2 billion Thai bank stake: sources
SINGAPORE/HONG KONG (Reuters) - General Electric Co has hired Morgan Stanley to review its 33 percent stake in Thailand's Bank of Ayudhya Pcl, which could potentially lead to a sale by the U.S. conglomerate of its near $2.2 billion holding, sources familiar with the matter said.
Lowe's withdraws C$1.8 billion offer to acquire Rona
(Reuters) - Lowe's Cos Inc said on Monday that it had withdrawn its C$1.8 billion ($1.86 billion) offer to acquire Canadian competitor Rona Inc after stiff opposition to the unsolicited bid.
Australia's Rip Curl gets approaches, could fetch $500 million
MELBOURNE (Reuters) - Australian surfwear company Rip Curl said it has received unsolicited approaches from several international companies wanting to invest in the privately held firm, in a deal that could fetch up to A$480 million ($506 million).
Russia launches $5 billion Sberbank stake sale
MOSCOW (Reuters) - Russia pulled the trigger on the sale of a $5 billion stake in Sberbank on Monday, taking advantage of strong markets to cut the state's ownership in Europe's No.3 bank to a bare majority.
Waste Connections to buy R360 Environmental Solutions for $1.3 billion
(Reuters) - Waste Connections Inc said it would acquire R360 Environmental Solutions Inc, a provider of non-hazardous oilfield waste treatment for about $1.3 billion in cash.
UAE's Essdar Capital in management buy-out deal
DUBAI (Reuters) - Essdar Capital Ltd, an advisory and investment firm backed by Abu Dhabi royals, said its management bought out its existing shareholders, in a rare management led buy-out of a specialist financial institution in the Middle East.
General Atlantic invests $44 million in Turkish online food firm
ISTANBUL (Reuters) - New York-based private equity firm General Atlantic LLC has invested $44 million for a minority stake in Turkey's yemeksepeti.com, an online food delivery business, the Turkish firm said in a statement on Monday.
EPL bulks up shallow-water U.S. Gulf assets with $550 million buy
(Reuters) - EPL Oil & Gas Inc said it will buy some shallow water Gulf of Mexico assets from privately held Hilcorp Energy for $550 million, nearly doubling its proved reserves.
Complete Genomics to be bought by Chinese firm for $117.6 million
(Reuters) - Complete Genomics Inc said it would be bought by China's BGI-Shenzhen for $117.6 million, three months after the gene sequencing company started a strategic review.
Hammerson strengthens hand in London mall battle
LONDON (Reuters) - British developer Hammerson has strengthened its hand in a long-running battle with Australian rival Westfield by buying a 25 percent stake in a shopping center that Westfield wants to develop into its third major London mall.
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