Newsletter BOX: Deals Today

09/3/2013

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

Nokia to sell handset business to Microsoft for $7.2 billion

HELSINKI/SEATTLE (Reuters) - Two years after hitching its fate to Microsoft's Windows Phone software, Nokia collapsed into the arms of the U.S. software giant on Tuesday, agreeing to sell its main handset business for 5.44 billion euros ($7.2 billion).

Bank of America cutting China bank holdings with $1.5 billion stake sale

HONG KONG (Reuters) - Bank of America Corp launched on Tuesday an up to $1.5 billion share offering in China Construction Bank Corp (CCB), exiting an eight-year investment in China's second-biggest lender in a bid to shore up its own balance sheet.

Verizon, Vodafone agree to $130 billion Wireless deal

LONDON/SAN DIEGO (Reuters) - Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing history's third largest corporate deal announcement to bring an end to an often tense 14-year marriage.

Barclays decides to sell UAE retail bank after review

DUBAI (Reuters) - Barclays Plc has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of the business, the British lender said on Tuesday.

Radico dismisses reports of talks with Suntory as speculative

MUMBAI (Reuters) - India's second-largest spirits producer Radico Khaitan dismissed media reports of the company being in talks to sell a stake to Japan's Suntory Holdings , describing them as "speculative."

Metso to sell some conveyor belt operations

STOCKHOLM (Reuters) - Finnish engineering firm Metso said on Tuesday it would sell some of its rubber conveyor belt manufacturing operations.

U.S. consumer firm Jarden to buy Yankee Candle for $1.75 billion: WSJ

(Reuters) - U.S. consumer products company Jarden Corp has agreed to buy scented candle maker Yankee Candle Company Inc for $1.75 billion, the Wall Street Journal reported, citing people familiar with the matter.

Verizon markets $61 billion bridge loan for Vodafone deal: sources

NEW YORK (Reuters) - Verizon Communications Inc has started syndicating the $61 billion bridge loan backing its $130 billion buyout of Vodafone Group's stake in its U.S. wireless business, banking sources said, adding that some of the loan may actually be drawn upon due to its huge size.

Dering Capital joins race for TDF's French assets: FT

(Reuters) - Broadcast tower operator Telediffusion de France (TDF) has received a near 3.8-billion-euro non-binding offer from Dering Capital for its French assets, the Financial Times reported, citing people familiar with the matter.

For Verizon advisers, patience pays off with huge payday

NEW YORK (Reuters) - It has been a 10-year-long wait for bankers advising Verizon Communications Inc on its $130 billion deal to take complete control of Verizon Wireless, but their patience will yield both handsome fees and bragging rights.