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Friday, January 31, 2014

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01/31/2014
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
Experts predict Lenovo's U.S. buys will pass regulatory muster
WASHINGTON (Reuters) - U.S. officials are likely to allow China's Lenovo Group to buy IBM's low-end server business and Google Inc's Motorola Mobility handset business if it agrees to concessions aimed at protecting U.S. national security, experts said.
High-priced M&A still in vogue in slowing luxury industry
PARIS (Reuters) - A scarcity of sellers, combined with a growing number of cash-rich buyers from Asia and the Middle East, mean high-priced takeover deals are set to remain in fashion for the luxury goods industry, despite slowing sales growth.
Spain to seek advisers on Bankia stake sale next week
MADRID (Reuters) - Spain will next week formally seek advisors to steer the sale of part of its 68 percent stake in bailed out lender Bankia , a spokeswoman for the country's bank restructuring fund FROB said on Friday.
Sulzer sells Metco coatings unit to Oerlikon for $950 million in cash
ZURICH (Reuters) - Swiss machinery manufacturer Sulzer agreed to sell its coatings unit Metco to peer Oerlikon for around 850 million Swiss francs ($949 million) in cash, as it seeks to focus on it three main businesses.
Buyout groups bid for public finance specialist Depfa: sources
FRANKFURT (Reuters) - Public finance specialist Depfa, which state-rescued German bank Hypo Real Estate has put on the block, has attracted binding offers from several private equity groups and hedge funds, several people familiar with the transaction said.
Deutsche Telekom dismisses reports on raising OTE stake
ATHENS (Reuters) - Deutsche Telekom dismissed as speculation media reports that it was considering raising its stake in its Greek unit OTE .
Cable group Altice targets acquisitions after market debut
AMSTERDAM/PARIS (Reuters) - Cable group Altice has set its sights on further international expansion after raising 750 million euros ($1 billion) from its stock market debut on Friday.
South Africa's Bidvest ups Adcock stake to block rival bid
JOHANNESBURG (Reuters) - South Africa's Bidvest said it had raised its stake in drugmaker Adcock Ingram to over 34 percent, enough to block a rival $1.2 billion bid and prompt Adcock to seek urgent talks with its Chilean suitor.
China's Lenovo steps into ring against Samsung with Motorola deal
BEIJING (Reuters) - Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market.
Spain's Banco Popular says interested in Catalunya Banc
MADRID (Reuters) - The chairman of Banco Popular said on Friday the lender would consider buying state-owned bank Catalunya Caixa if it was put up for sale.
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