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Wednesday, July 17, 2013

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07/17/2013
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
NEC talks on Lenovo mobile phone venture stalled: source
TOKYO (Reuters) - Japanese electronics company NEC Corp's talks with Lenovo Group Ltd over a mobile phone venture have stalled due to disagreements over majority ownership and patents, a source familiar with the matter said on Wednesday.
Dell founder stands firm on buyout offer as vote delay mulled
(Reuters) - Dell Inc founder Michael Dell and his private equity partner Silver Lake would not raise their $24.4 billion bid for the world's No. 3 PC maker even if a vote on their offer is delayed, two people familiar with the matter said on Tuesday.
Peltz could break silence on PepsiCo talks soon: sources
NEW YORK (Reuters) - A timeframe agreed upon between PepsiCo Inc and Trian Fund Management's Nelson Peltz to privately address the activist investor's suggestions for improving shareholder returns may be closing, according to three sources familiar with the matter.
Vivus says FMC rejects compromise offer
(Reuters) - Obesity drug maker Vivus Inc said activist investor First Manhattan Co rejected a settlement offer by the company that included equal representation of Vivus and FMC on the board.
AXA Private Equity raises Elior bid: report
PARIS (Reuters) - A consortium led by Paris-based AXA Private Equity has raised its bid for Elior and is offering to buy a minority stake in the French caterer, French daily Les Echos said on Wednesday.
Exclusive: Smithfield's China bidders plan Hong Kong IPO after deal - sources
SINGAPORE/HONG KONG (Reuters) - China's Shuanghui International Holdings, which has agreed to buy U.S. pork producer Smithfield Foods Inc. for $4.7 billion, plans to list the combined company in Hong Kong after completing the takeover, people with knowledge of the matter told Reuters.
Serbia's JAT agrees marketing alliance with Germany's Airberlin
BELGRADE (Reuters) - Serbia's loss-making JAT Airways has secured a marketing alliance with the German Airberlin carrier to share route-booking codes, the two companies said on Wednesday.
Chevron, Argentina's YPF sign $1.24 billion Vaca Muerta shale deal
BUENOS AIRES (Reuters) - U.S. oil company Chevron Corp signed an agreement with Argentina's YPF on Tuesday to invest $1.24 billion in the Vaca Muerta shale oil and gas formation, thought to be one of the biggest reserves in the Western Hemisphere.
Bally Technologies bets on Asia with $1.3 billion SHFL buy
(Reuters) - Slot machine maker Bally Technologies Inc said it will buy casino equipment company SHFL Entertainment Inc for about $1.3 billion to tap into the thriving casino industry in Asia and Australia.
Exclusive: Orange preparing Dominican Republic exit - sources
LONDON (Reuters) - France's Orange is considering the sale of its Dominican Republic business in a deal that could fetch up to 900 million euros ($1.2 billion), as it exits non-core markets to pay down debt, seven people with knowledge of the situation said.
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