Newsletter BOX: Deals Today

07/31/2013

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

U.S. ruling could delay Fiat's Chrysler buyout

MILAN (Reuters) - A ruling by a U.S. judge risks delaying Fiat's plan to buy up all of Chrysler unless it can reach an out-of-court settlement with a healthcare trust that is a minority shareholder in the U.S. group.

Schneider Electric agrees $5.2 billion takeover of Invensys

PARIS (Reuters) - France's Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business and win more custom in the fast-growing energy sector.

Panasonic: in talks with potential partners to sell part of healthcare unit

TOKYO (Reuters) - Panasonic Corp said on Wednesday it is in talks with various potential partners to sell a part of its healthcare unit, through which it could raise as much as $1 billion.

Ackman buys 9.8 percent stake in Air Products

(Reuters) - Activist investor William Ackman said his Pershing Square Capital Management has acquired a 9.8 percent stake in Air Products & Chemicals Inc , one week after the industrial gas producer adopted a poison pill takeover defense.

StanBank to sell London unit to ICBC for over $500 million: sources

JOHANNESBURG/HONG KONG (Reuters) - South Africa's Standard Bank is in talks to sell its markets business in London to its biggest shareholder Industrial and Commercial Bank of China for more than $500 million, two people familiar with the matter said on Wednesday.

DBS pulls the plug on Bank Danamon deal

SINGAPORE (Reuters) - Singapore's DBS Group Holdings Ltd said it would not pursue a $7.2 billion takeover of Indonesia's PT Bank Danamon , a deal that had been stuck in limbo after regulators threw a spanner in the process.

German TV maker Loewe teams up with China's Hisense

FRANKFURT (Reuters) - German high-end TV maker Loewe AG on Wednesday said it had struck a strategic partnership with China's Hisense International Co., Ltd , sending Loewe's shares up by nearly one third.

ZestFinance raises $20 million from Thiel Capital

SAN FRANCISCO (Reuters) - ZestFinance, a company that licenses out its technology to minimize the risks in making loans, is getting a cash infusion from an entrepreneur who figured out how to make money transfers on the Internet: PayPal's Peter Thiel.

Cubist to pay up to $1.6 billion for two antibiotics makers

(Reuters) - Cubist Pharmaceuticals Inc has agreed to pay up to $1.6 billion for Trius Therapeutics Inc and Optimer Pharmaceuticals Inc, expanding its heft in antibiotics at a time when the number of drug-resistant viruses are on the rise.

Accenture in talks to acquire rival Booz & Co: WSJ

NEW YORK (Reuters) - Management consulting firm Accenture Plc is in talks to acquire rival Booz & Co, a deal that would beef up its strategy and operations consulting services, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.