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Monday, September 30, 2013

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09/30/2013

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

OZ Minerals says received no bid from Glencore

MELBOURNE (Reuters) - OZ Minerals Ltd said on Monday it had not been approached by Glencore Xstrata with any offer, dismissing a British newspaper report that said Glencore was weighing a 750 million pound ($1.2 billion) bid for the Australian copper miner.

GSK sells thrombosis drugs to Aspen for $1 billion

LONDON (Reuters) - Britain's biggest drugmaker GlaxoSmithKline agreed the 700 million pounds ($1.13 billion) sale of its thrombosis drug brands and a related factory to Aspen Pharmacare , as part of its strategy to focus on growth products.

Rosneft offers lowball $1.5 billion for TNK-BP minorities

MOSCOW (Reuters) - Oil group Rosneft is to buy the remaining shares in TNK-BP Holding for a fraction of the price it paid BP and a group of oligarchs for their stakes, in a worrying development for minority shareholders in Russian companies.

Taiwan's Compal Elec to offer up to $546 million to buy all Compal Comm outstanding shares

TAIPEI (Reuters) - Taiwan's Compal Electronics will acquire all outstanding shares of its affiliate Compal Communications at a 16 percent premium to its Monday closing price, the world's second-largest contract PC maker said in a statement on Monday.

Active Network to be taken private by Vista Equity for $1.05 billion

(Reuters) - Active Network Inc , which makes software for event management and online registrations, said it would be acquired by Vista Equity Partners for about $1.05 billion.

San Miguel sells stake in Manila Electric for around $2 billion

MANILA (Reuters) - San Miguel Corp has agreed to sell its 27.1 percent stake in the Philippines' largest power retailer Manila Electric Company (Meralco) to local conglomerate JG Summit Holdings Inc in a deal worth around $2 billion.

KKR to buy 10 percent of Qingdao Haier in biggest China deal to date

HONG KONG (Reuters) - KKR & Co LP has agreed to buy a 10 percent stake in white goods maker Qingdao Haier , the two companies said on Monday, in the U.S. private equity firm's biggest investment in China to date.

Shell plans to sell stake in Eagle Ford Shale: WSJ

(Reuters) - Royal Dutch Shell plans to sell its 106,000-acre stake in the Eagle Ford shale formation in South Texas, the Wall Street Journal reported on Sunday.

TPG-backed Northstar plans $1 billion SE Asia fund as global rivals circle: sources

HONG KONG (Reuters) - TPG Capital-backed private equity firm Northstar Group is seeking to raise around $1 billion in a new fund to invest in Southeast Asia's fast-growing economies, people familiar with the matter told Reuters.

Cooper shareholders set to approve $2.5 billion Apollo deal

(Reuters) - Cooper Tire and Rubber Co shareholders will likely approve on Monday the U.S. company's $2.5 billion sale to India's Apollo Tyres , in a transaction that is expected to create the world's seventh-largest tyre maker.