Newsletter BOX: Deals Today

08/2/2013

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

Dell committee and buyout group close to deal: source

ROUND ROCK, TEXAS/SAN FRANCISCO (Reuters) - Dell Inc's special committee and the buyout group led by company founder and Chief Executive Michael Dell are close to an agreement that would help clear passage of the deal, a source familiar with the matter told Reuters.

Kabel Deutschland board formally recommends Vodafone offer

FRANKFURT (Reuters) - The supervisory and management boards of Kabel Deutschland have formally recommended a 7.7 billion euro ($10.2 billion) bid from Vodafone, they said in a statement on Friday.

Kazakhmys minority shareholders okay buyout of ENRC

LONDON (Reuters) - Minority shareholders in mining group Kazakhmys , the largest single investor in ENRC , voted on Friday in favor of a $4.6 billion buyout of its troubled rival, paving the way for the group's founders to take it private.

Lloyds to exit Australia with sale of leasing unit, loans: sources

SYDNEY (Reuters) - Britain's Lloyds Banking Group is preparing to exit the Australian market, seeking to sell a leasing unit with a book value of $3.6 billion and a $625 million institutional loan portfolio, three sources familiar with the situation said on Friday.

India's Exide in talks to sell insurance unit stake: sources

MUMBAI (Reuters) - India's Exide Industries Ltd is in talks with Manulife Financial Corp as well as Samsung Life Insurance Co to sell a 26 percent stake in its life insurance unit, two sources with direct knowledge of the matter said.

AIG, Chinese group still in talks on $4.8 billion ILFC deal: sources

HONG KONG/NEW YORK (Reuters) - U.S. insurer American International Group Inc is still in talks about selling its aircraft leasing unit to a Chinese consortium after missing a July 31 deadline to close the $4.8 billion deal, sources said.

Macy, Penney to wrap up trial on Martha Stewart home goods dispute

NEW YORK (Reuters) - A New York state judge could decide as soon as Thursday whether J.C. Penney Co Inc can sell certain Martha Stewart-branded home goods despite rival Macy's Inc's exclusive deal with the doyenne of U.S. home decor.

UAE's Etihad to buy 49 percent stake in Serbian airline

BELGRADE (Reuters) - United Arab Emirates' Etihad Airways, which has stakes in Virgin Australia and Air Berlin , will acquire a 49 percent stake in Serbia's loss-making JAT Airways.

Dell committee and buyout group close to a deal: source

(Reuters) - Dell Inc's special committee and the buyout group led by company founder and Chief Executive Michael Dell are nearing a deal that would include an offer price of $13.75 per share and a special dividend of 13 cents, a source familiar with the matter said.

Guy Hands' Terra Firma close to agreeing Phoenix Energy sale: Bloomberg

(Reuters) - Terra Firma Capital Partners, the buyout group run by dealmaker Guy Hands, is close to agreeing a deal to sell its Northern Irish gas distribution company Phoenix Energy Holdings Group to Hastings Funds Management, Bloomberg reported on Thursday.