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Thursday, June 12, 2014

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06/12/2014
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
Hitachi says hopes to join Mitsubishi Heavy in bid for Alstom assets
TOKYO (Reuters) - Hitachi Ltd said it hopes to join Mitsubishi Heavy Industries Ltd and Siemens AG in their joint bid for Alstom SA's energy assets, which the Nikkei newspaper said would be worth 1 trillion yen ($9.80 billion).
UCWeb buy may raise Alibaba IPO valuation: UCWeb CEO
BEIJING (Reuters) - Alibaba Group Holding Ltd's full acquisition of Chinese mobile browser firm UCWeb and subsequent merger may create a higher valuation for Alibaba's coming U.S. listing, UCWeb Chief Executive Yu Yongfu said at a group media interview on Thursday.
IK stake sale values Germany's Minimax at $1.9 billion: sources
FRANKFURT (Reuters) - IK Investment Partners has sold a majority stake in German industrial fire protection systems maker Minimax Viking in a deal that values the group at $1.9 billion, two people close to the transaction said on Thursday.
Italcementi's bid on Ciments Francais to start on June 13
MILAN (Reuters) - Italian cement maker Italcementi said on Thursday its takeover bid on its French unit Ciments Francais would start on June 13 and end on July 3.
AT&T defends DirecTV deal to U.S. regulators
WASHINGTON (Reuters) - AT&T Inc's acquisition of DirecTV would offer consumers access to video in a variety of media and give the company scale to compete with larger cable competitors, AT&T told U.S. regulators on Wednesday.
Exclusive: Imperial eyes assets from possible Reynolds-Lorillard deal - sources
NEW YORK (Reuters) - Imperial Tobacco Group Plc is evaluating a deal for assets likely to be divested from Reynolds American Inc and Lorillard Inc if the two U.S. tobacco companies proceed with a proposed combination, according to people familiar with the matter.
U.S. activists slam possible Walgreen tax move as 'unpatriotic'
WASHINGTON (Reuters) - If Walgreen Co were to relocate its tax home-base to Switzerland, as some of its investors want, the United States would lose about $4 billion in tax revenue over five years, activist groups said on Wednesday.
Australia's Leighton may sell services, property and transport businesses
SYDNEY (Reuters) - Leighton Holdings Ltd , Australia's largest construction firm, said it may sell its John Holland roads and rail business as Spanish-controlled majority owner Hochtief AG seeks to cut debt and potentially finance a bid for full ownership.
Pfizer says Astra quest failed due to price
(Reuters) - Pfizer Inc's chief financial officer on Wednesday said his company failed in its attempted $118 billion takeover of AstraZeneca Plc because they could not agree on the value of the British drugmaker.
Emirates cancels 70-plane A350 order in blow to Airbus, Rolls
TOULOUSE (Reuters) - Airbus suffered an unexpected reversal for its newest aircraft on Wednesday when Dubai's Emirates scrapped a $16 billion order for the A350, hitting shares in the European planemaker and engine firm Rolls-Royce.
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