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Monday, October 15, 2012

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10/15/2012
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
Japan's Softbank to buy 70 percent of Sprint for $20.1 billion
TOKYO (Reuters) - Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.
Virgin, Flowers head slim field chasing RBS branches
LONDON (Reuters) - Virgin Money and U.S. private equity firm J.C. Flowers are leading a small field of potential suitors to buy 316 branches from Royal Bank of Scotland , after Spain's Santander pulled out of a deal on Friday.
Qatar PM says looking favorably at Glencore/Xstrata tie
DUBAI (Reuters) - Qatar, the second-largest investor in miner Xstrata , is looking favorably at the company's proposed merger with commodities trader Glencore , Prime Minister Sheikh Hamad bin Jassim al-Thani said on Monday.
Amazon in talks to buy Texas Instruments' mobile chip arm: paper
TEL AVIV (Reuters) - Amazon.com Inc, the world's largest Internet retailer, is in advanced talks to buy the mobile chip business of Texas Instruments, Israeli financial newspaper Calcalist reported on Monday.
Sinopec, ENN drop $2.2 billion offer for China Gas
HONG KONG (Reuters) - Sinopec Corp and ENN Energy Holdings Ltd have dropped their $2.2 billion offer for China Gas Holdings Ltd in the face of regulatory hurdles and opposition from the target's management, ending what would have become Hong Kong's first unsolicited takeover bid.
Italian eyewear maker Marcolin sold to private equity
MILAN (Reuters) - Private equity fund PAI Partners has agreed to buy 78.4 percent of Marcolin for 207 million euros ($268.42 million) and will launch a bid for remaining shares aimed at delisting Italy's No.3 eyewear manufacturer, it said on Monday.
Croatia's HPB bank improves business before sale
ZAGREB (Reuters) - Croatia's last state-owned bank Hrvatska Postanska Banka (HPB) is achieving strong results and loan growth as the government prepares to sell its majority stake, its chief executive said.
Debt-strapped Mechel girds for asset fire sale
MOSCOW (Reuters) - Loss-making Russian coal miner Mechel faces a toxic combination of poor demand and uncertain markets as it pushes ahead with a plan to sell steel, ferroalloys and mining assets to reduce its $9.4 billion in debts.
Bakrie plans unit sale in step towards Bumi split
JAKARTA/SINGAPORE (Reuters) - PT Bakrie & Brothers is in talks to sell a pipe making unit for $100 million, sources said, a step by the powerful Bakrie family to engineer a split from financier Nat Rothschild and Bumi Plc, the London-listed miner they co-founded two years ago.
Hera shareholders approve merger with Acegas
BOLOGNA, Italy (Reuters) - Shareholders of Italian utility Hera approved on Monday a merger with smaller peer Acegas-APS , clearing the way for the creation of Italy's second-biggest regional authority.
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