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Wednesday, September 5, 2012

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09/5/2012
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 closes in on $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.
Partner's Israeli parent warns Hutchison must go ahead with deal
JERUSALEM (Reuters) - The debt-laden owners of Partner Communications said Hong Kong conglomerate Hutchison Whampoa must go through with a deal it has tried to abandon to buy back the Israeli mobile phone operator.
Glencore making final checks on Alcoa site-unions
ROME (Reuters) - Swiss-based commodities multinational Glencore will make a final assessment of a possible acquisition of the loss-making Alcoa aluminum works in Portovesme in Sardinia in the next few hours, unions representing workers at the site said on Wednesday.
Schneider Electric sells stake in AXA
PARIS (Reuters) - French engineering company Schneider Electric said on Wednesday it had sold its 0.45 percent stake in Europe's No. 2 insurer AXA for approximately 120 million euros ($150.74 million).
Israel's Delek sells 5 percent stake in U.S. unit for $76 million
JERUSALEM (Reuters) - Israel's Delek Group sold a 5.05 percent stake in its Delek US Holdings unit to an unnamed foreign financial institution for 306 million shekels ($76 million).
Morgan Stanley-led group invests $150 million more in China hydropower firm
HONG KONG (Reuters) - A consortium led by a Morgan Stanley infrastructure fund has made a second $150 million investment in unlisted Chinese hydropower company Zhaoheng Hydropower Holdings Ltd, Zhaoheng said.
Tech Data to buy distribution companies in UK for $350 million
(Reuters) - Technology products distributor Tech Data Corp will buy several distribution companies from UK-based IT services provider Specialist Computer Holdings for about $350 million.
Britvic in merger talks with Irn-Bru maker
LONDON (Reuters) - British soft drinks maker Britvic Plc said it was in merger talks with Irn-Bru maker AG Barr Plc and had already agreed on certain terms of the deal.
3M says not dropping office products deal, to address DOJ concerns
(Reuters) - 3M Co said it is not dropping the purchase of Avery Dennison Corp's office products groups, in response to the U.S. Justice Department's statement on Tuesday that the company is abandoning the plan following threats of a civil lawsuit by antitrust authorities.
India's MRPL sells naphtha; premium highest in 7 months
SINGAPORE (Reuters) - India's Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold an October naphtha cargo to Total at about $42 a tonne above Middle East quotes on a free-on-board (FOB) basis, the highest premium fetched in seven months by the Indian refiner.
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