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Tuesday, September 4, 2012

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09/4/2012
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
Russia's MegaFon moves towards $4 billion London IPO
MOSCOW (Reuters) - MegaFon , Russia's second-largest mobile phone operator, has asked its local regulator for permission to list its shares in London for what would be the world's biggest initial public offering since Facebook's in May.
Ericsson in pole position to buy Nokia Siemens unit: report
STOCKHOLM (Reuters) - Ericsson, the world's top mobile network infrastructure supplier, is in pole position to buy the business support systems (BSS) unit of rival Nokia Siemens Networks (NSN), Dow Jones Newswires reported on Monday.
Japan's NEC seeks to sell entire Lenovo stake in $235 million deal: IFR
HONG KONG (Reuters) - Japanese IT solutions and technology firm NEC Corp plans to sell its entire stake in Lenovo Group , the world's No.2 PC maker by sales, in a block deal worth about $235 million, IFR reported on Tuesday, citing a term sheet of the transaction.
Hon Hai chairman demands management role at Japan's Sharp
TOKYO/TAIPEI (Reuters) - Hon Hai Precision Industry Co Ltd's chairman is demanding a management role at Sharp Corp as part of an equity tie-up, stepping up the pressure on the Japanese TV maker to give him greater influence in the company in return for badly needed cash.
Fresenius pulls the plug on Rhoen takeover bid
FRANKFURT (Reuters) - German healthcare conglomerate Fresenius has dropped its attempt to take over Rhoen-Klinikum after two other companies bought stakes to block the 3.1 billion-euro ($3.9 billion) merger of Germany's two biggest private hospital operators.
EU to clear Universal's $1.9 billion bid for EMI: sources
BRUSSELS (Reuters) - Universal Music Group will win EU approval for its $1.9 billion purchase of EMI with its offer to sell global rights to some of EMI's most valuable record labels and catalogues, two people familiar with the deal said on Monday.
Australia's Nine sells unit for $500 million but loss looms for owner CVC
MELBOURNE (Reuters) - Australia's heavily indebted Nine television network, owned by private equity firm CVC Capital Partners, sold its ACP Magazines division for around A$500 million ($512 million) with the proceeds going to pay down debt, Nine said on Tuesday.
Bristow Group invests $250 million in Canada's Cougar Helicopters
(Reuters) - Bristow Group Inc , which provides helicopter services to the offshore energy industry, said it will invest $250 million to buy a minority stake in privately held Cougar Helicopters, gaining access to a growing Canadian exploration and production market.
Australia's Nine network sells ACP Magazines division for A$500 million
MELBOURNE (Reuters) - Private equity firm CVC Capital Partners' heavily indebted Australian firm, the Nine television network, said on Tuesday it had sold its ACP Magazines division to German publishers Bauer for around A$500 million, with the proceeds going to pay down debt.
Dubai's Limitless to sign $1.2 billion debt deal in September
DUBAI (Reuters) - Limitless, the indebted property arm of Dubai World , is aiming to conclude its $1.2 billion debt deal with creditors by the end of September, the company said on Tuesday.
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