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Tuesday, May 7, 2013

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05/7/2013
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
SoftBank head to meet Sprint shareholders in U.S.
TOKYO (Reuters) - SoftBank Corp's president said he will go to the United States on Tuesday to meet Sprint Nextel Corp's major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network Corp said a U.S. company would make a better suitor.
Hochtief sells airport unit to Canada's PSP Investments for $1.4 billion
FRANKFURT (Reuters) - German builder Hochtief has sold its airports division to Canada's Public Sector Pension Investment Board (PSP Investments) for 1.1 billion euros ($1.4 billion), seeking to cut debt and invest in its infrastructure business.
BMC to go private in $6.9 billion deal led by Bain, Golden Gate
(Reuters) - Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion.
MBIA, Bank of America reach $1.6 billion cash settlement
(Reuters) - Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
Sainsbury's in talks with Lloyds over Sainsbury's Bank control
LONDON (Reuters) - J Sainsbury , Britain's third largest supermarket group, said on Tuesday it was in advanced negotiations with Lloyds Banking Group to take full ownership of the Sainsbury's Bank joint venture.
CD&R, Carlyle, BofA sell off remaining Hertz stake for $1.24 billion
NEW YORK (Reuters) - Hertz Global Holdings Inc said on Monday that private equity firms Clayton, Dubilier & Rice and Carlyle Group , as well as Bank of America Merrill Lynch , have sold off their remaining shares in the car rental agency for $1.24 billion.
Exclusive: Warburg's Antero Resources plans IPO - sources
NEW YORK (Reuters) - Antero Resources, an oil and natural gas company controlled by Warburg Pincus LLC, is preparing for an initial public offering that could value it at as much as $10 billion, three people familiar with the matter said on Monday.
Alwaleed's Kingdom, on prowl for acquisitions, plans hotel sale
RIYADH (Reuters) - Saudi billionaire Prince Alwaleed bin Talal will hold onto his most high-profile investments, which range from stakes in Citigroup and News Corp to microblogging site Twitter, while seeking out new targets to diversify his global portfolio.
Electronic Arts, Disney strike "Star Wars" games deal
SAN FRANCISCO (Reuters) - Electronic Arts and Walt Disney Co sealed a multi-year licensing deal under which the video game publisher will develop games for mobile devices, PCs and consoles based on the "Star Wars" movies.
Nielsen to sell expositions business to Canadian PE firm for $950 million
(Reuters) - Nielsen Holdings NV, best known in the United States for its TV ratings business, said it would sell its expositions business to Canadian private equity firm Onex Corp for $950 million, freeing up cash for its planned push into the radio measurement business.
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