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Wednesday, October 2, 2013

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10/2/2013
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
Exclusive: Cargill close to agreeing purchase of ADM cocoa unit - sources
ABIDJAN/NEW YORK (Reuters) - Cargill Inc , one of the world's leading cocoa traders, is in the final stages of a deal to buy Archer Daniels Midland Co's cocoa business, sources familiar with the situation said, creating a price-setting global giant.
Empire State IPO prices at $13 per share, low end of range
NEW YORK (Reuters) - The company that owns New York City's Empire State Building sold shares in an initial public offering on Tuesday, capping two years of rancor among the marquee building's private owners.
Portugal Telecom and Brazil's Oi to merge
LISBON (Reuters) - Portugal Telecom and Brazil's telecommunications giant Oi , in which PT is the largest shareholder, plan to merge to form a Brazilian entity with projected synergies worth a net 1.8 billion euros ($2.43 billion).
Coffee Bean plots Asia expansion, may consider IPO or strategic sale
SINGAPORE (Reuters) - The Coffee Bean & Tea Leaf, in which three private equity firms recently bought stakes, may consider an initial public offering or a strategic sale over the next few years as part of an exit strategy for investors, its CEO said.
Baidu unit seeks New York IPO, drawn by rally for China tech stocks
HONG KONG (Reuters) - A Baidu Inc unit is seeking to raise $125 million by listing in the United States, where strong investor appetite for Chinese Internet stocks is trumping lingering concerns about accounting irregularities from China-based companies.
Acino receives $439 million takeover offer
ZURICH (Reuters) - Swiss generic drugmaker Acino said it has accepted a takeover offer from Avista Capital Partners and Nordic Capital valuing the company at about 398 million Swiss francs ($439 million).
Eni plans to sell stake in German gas networks to EnBW: report
FRANKFURT (Reuters) - Italian energy company Eni wants to hive off its 50 percent stake in the German natural gas transmission networks it co-owns with utility EnBW , a German newspaper reported on Wednesday.
Hochschild Mining buys out Peruvian assets
LONDON (Reuters) - Latin American precious metals firm Hochschild Mining said it planned to raise up to $96 million to help it buy the remaining 40 percent stakes in its Peruvian assets for up to $280 million.
Ontario Teachers' fund invests in online retailer Zalando
FRANKFURT (Reuters) - The Ontario Teachers' Pension Plan (OTPP) has bought a 2 percent stake in Europe's biggest online fashion retailer Zalando, continuing a push into e-commerce investment for the fund.
Potential bidders for Spain's NCG Banco seek data ahead of auction
MADRID (Reuters) - Five potential bidders for Spain's bailed-out NCG Banco are performing due diligence on the lender ahead of a possible auction, the director general of the country's bank rescue fund FROB said on Wednesday.
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