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Thursday, February 27, 2014

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02/27/2014
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
Versace deal with Blackstone values group at 1 billion euros
MILAN (Reuters) - Italy's Versace agreed a deal with Blackstone on Thursday that will see the U.S. private equity firm take a 20 percent stake in the fashion house in a deal valuing the company at one billion euros ($1.37 billion).
Bayer buys Dihon to add traditional Chinese medicine
FRANKFURT (Reuters) - Bayer said it would buy privately held Dihon Pharmaceutical Group Co, a maker of traditional herbal Chinese medicines (TCM), as the German drugmaker pushes to become the world's largest non-prescription medicines group.
HSBC in talks to sell Pakistan bank to Meezan
LONDON (Reuters) - HSBC said it is talks to sell its business in Pakistan to Meezan Bank Limited , another possible sale by Europe's biggest bank from countries where it is unprofitable or lacks scale.
Exclusive: Biomet picks BAML, Goldman, JPMorgan to lead IPO - sources
NEW YORK (Reuters) - Biomet Inc, the U.S. medical device maker that was taken private by a private equity consortium for $11.4 billion in 2007, has hired underwriters for an initial public offering later this year, people familiar with the matter said on Wednesday.
Tesla to raise $1.6 billion to build battery factory
(Reuters) - Tesla Motors Inc said on Wednesday it plans to raise $1.6 billion from investors to finance a new battery factory that will help the upstart U.S. automaker reach its goal of producing a lower-priced, mass-market electric car by 2017.
Williams Partners to buy Williams Co's Canadian gas assets for $1.2 billion
(Reuters) - Pipeline company Williams Partners LP said it would buy certain Canadian gas assets from Williams Cos Inc for about $1.2 billion to boost its natural gas liquid treating and processing business.
Patton Boggs in talks with global firm Squire Sanders
(Reuters) - The Washington law and lobbying firm Patton Boggs is in merger talks with the larger global firm Squire Sanders, Squire Sanders announced on Wednesday.
Alitalia CEO says Etihad needs three-four weeks for due diligence
MILAN (Reuters) - Etihad Airways is expected to finish examining Alitalia's books within a month as it ponders whether to invest in the loss-making Italian airline, Alitalia's chief executive said on Wednesday.
RBS to sell its stake in motor insurer Direct Line
(Reuters) - Royal Bank of Scotland said it intends to sell almost all of its remaining stake in Direct Line Insurance Group through a placement to institutional investors.
Collaborative raises $33 million venture fund, artist Shepard Fairey invests
SAN FRANCISCO (Reuters) - New York-based Collaborative Fund has raised a $33 million venture-capital fund to focus on the shared economy, it said in a blog post.
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