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Tuesday, April 16, 2013

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04/16/2013
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
Dish's $25.5 billion Sprint bid may force others to act
(Reuters) - Dish Network Corp, the No.2 U.S. satellite TV provider, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecoms or video companies to consider their own prospects of combining.
Glencore-Xstrata merger passes last hurdle in China
BEIJING/LONDON (Reuters) - Glencore and Xstrata cleared the final hurdle in their long-running merger plan on Tuesday, when China's Ministry of Commerce conditionally backed the $35 billion deal.
China eyes ConocoPhillips' Kashagan stake-Kazakh minister
ASTANA (Reuters) - China has shown an interest in buying the stake of U.S. oil major ConocoPhillips in a multinational consortium developing Kazakhstan's giant Kashagan oilfield, Kazakh Oil & Gas Minister Sauat Mynbayev said on Tuesday.
SoftBank seen fighting for Sprint as ambition trumps easy gains
TOKYO (Reuters) - Masayoshi Son, billionaire founder of Japanese mobile carrier SoftBank Corp, is expected to stay in the battle for U.S. wireless service provider Sprint Nextel Corp - even though he could walk away with more than $3.5 billion in gains from currency hedging, a convertible bond and break-up fee.
Panasonic hires Merrill Lynch to sell healthcare unit stake
TOKYO (Reuters) - Japan's Panasonic Corp has hired Bank of America Merrill Lynch to sell a part of its healthcare unit in a deal that could raise as much as $1 billion for the sprawling electronics conglomerate, two financial sources familiar with the deal said.
Thermo Fisher to buy Life Tech for $13.6 billion
NEW YORK (Reuters) - Thermo Fisher Scientific Inc on Monday agreed to buy Life Technologies Corp for $13.6 billion in a deal that would make it one of the top two companies in the hot field of genetic testing.
Liberty Global's $15.8 billion Virgin Media deal cleared in EU
BRUSSELS (Reuters) - U.S. cable firm Liberty Global won unconditional EU regulatory approval on Monday for its $15.8 billion takeover of Virgin Media, a deal that pits the group against Rupert Murdoch's British satellite TV operation BSkyB.
Vintage Capital offers to buy Anaren
(Reuters) - Investment firm Vintage Capital Group LLC offered to buy Anaren Inc for $23 per share in a deal that values the telecommunication components maker at about $300 million.
Mexico says Nestle to sell Pfizer baby food business
MEXICO CITY (Reuters) - Swiss food giant Nestle will sell the assets of U.S. pharmaceutical company Pfizer's baby food business in Mexico, a business it acquired globally in an $11.85 billion deal last year, Mexico's competition watchdog said on Monday.
MetroPCS urges shareholders to vote for amended T-Mobile deal
(Reuters) - MetroPCS Communications amended the terms for its proposed merger with Deutsche Telekom unit T-Mobile USA, and asked shareholders to vote for the deal.
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