Friday, July 29, 2016

UPDATE 1-DNO expands foothold in Kurdish oil with Gulf Keystone offer

OSLO/BENGALURU, July 29 (Reuters) - Norwegian energy firm

DNO ASA expanded its foothold in Iraqi Kurdistan on

Friday by offering to purchase rival Gulf Keystone Petroleum Ltd

for $300 million, following the latter's junk bond deal

this month.

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UPDATE 3-Avnet's $911 mln offer for Premier Farnell tops Daetwyler's bid

* Premier Farnell shares rise 17.8 pct

(Adds Avnet comment, shares move)

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Thursday, July 28, 2016

UK sells 50-year index-linked bond via syndication at record-low real yield

LONDON, July 26 (Reuters) - The UK Debt Management Office

said it would issue 2.5 billion pounds ($3.28 billion) of 2065

index-linked bonds at a real yield of -1.3245

percent on Tuesday, the lowest-ever inflation-adjusted return

for a bond sold via a syndication.

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Tuesday, July 26, 2016

UPDATE 1-EDF shareholders approve 4 bln euro capital increase

PARIS, July 26 (Reuters) - Shareholders of France's EDF

approved on Tuesday a planned 4 billion euro ($4.4

billion) capital increase ahead of the state-controlled

utility's decision on whether to proceed with its Hinkley Point

UK nuclear project on Thursday.

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UPDATE 1-Japan's SMBC Aviation Capital raises $500 mln in debut bond

DUBLIN, July 20 (Reuters) - The aircraft leasing arm of

Japan's Sumitomo Mitsui Banking Corp has raised $500

million in its debut bond offering in a bid to diversify funding

options to pay for an order book of more than 200 planes, its

chief executive said on Monday.

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EDF shareholders approve 4 bln euro capital increase

PARIS, July 26 (Reuters) - Shareholders of France's EDF

approved on Tuesday a planned 4 billion euro ($4.4

billion) capital increase ahead of the state-controlled

utility's decision on its Hinkley Point UK nuclear project on

Thursday.

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Wednesday, July 20, 2016

RPT-Gulf Keystone shares spike and plunge after junk bond deal

LONDON, July 19 (Reuters) - Gulf Keystone's stock

spiked and fell by a third on Tuesday as retail investors

flooded chatrooms trying to figure out how junk bond funds led

by former JP Morgan and Lehman Brothers traders will help

restructure the oil firm.

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Tuesday, July 19, 2016

Gulf Keystone shares spike and plunge after junk bond deal

LONDON, July 19 (Reuters) - Gulf Keystone's stock

spiked and fell by a third on Tuesday as retail investors

flooded chatrooms trying to figure out how junk bond funds led

by former JP Morgan and Lehman Brothers traders will help

restructure the oil firm.

Read more

French competition authority clears Fnac-Darty deal

PARIS, July 18 (Reuters) - France's competition authority on

Monday approved plans by French music and book chain Fnac

to take over consumer electronics retailer Darty

.

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Monday, July 18, 2016

SoftBank has "no immediate plans" to issue debt for ARM deal

LONDON, July 18 (IFR) - SoftBank Group said it has "no

immediate plans" to issue fresh debt to back its acquisition of

UK chip designer ARM Holdings for £24bn.

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Activist TCI takes SABMiller stake, investors scent sweetened offer

LONDON, July 18 (Reuters) - The Children's Investment Fund

Management (TCI) has taken a stake in SABMiller, the

second activist to buy into the brewer in recent weeks, raising

the prospect of a late push for improved takeover terms from AB

InBev.

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Japan's SoftBank agrees $32 billion deal to buy Britain's ARM

LONDON, July 18 (Reuters) - Japan's SoftBank Group Corp

has agreed to buy British chip designer ARM Holdings

for 24.3 billion pounds ($32 billion), in a deal that

will retain the company's management and grow its workforce.

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Sunday, July 17, 2016

UK names syndicate for sale of 50-year index-linked gilt

LONDON, July 15 (Reuters) - Britain's debt agency chose

Goldman Sachs, HSBC, Royal Bank of Scotland

and Santander on Friday as bookrunners for the

sale of several billion pounds of 50-year inflation-linked

government bonds later this month.

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Friday, July 15, 2016

Wednesday, July 13, 2016

UPDATE 2-Steinhoff gets its European deal with $800 mln Poundland buy

* Buyout price lower than 2014 flotation level

(Adds analyst, Poundland chairman comment)

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REFILE-Steinhoff agrees $794 mln takeover of UK's Poundland

LONDON, July 13 (Reuters) - South Africa's Steinhoff

will bulk up its presence in the British market after

agreeing a 597 million pound ($794 million) takeover of single

price retailer Poundland, it said on Wednesday.

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Tuesday, July 12, 2016

UPDATE 6-Melrose to buy U.S. ventilation products maker Nortek

* Melrose to fund deal through new debt, share issue

(Adds investment banking consultant, updates shares)

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Wednesday, July 6, 2016

Brexit could delay car parts firm TI Automotive's IPO - sources

FRANKFURT/LONDON, July 6 (Reuters) - The planned stock

market listing of UK auto parts supplier TI Automotive, a

potential 3 billion euro ($3.3 billion) deal, is facing a delay

due to volatility triggered by Britain's vote to leave the

European Union, people familiar with the matter said.

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Banks fight back after post-Brexit sell-off

* Lloyds, Santander sell first UK bank bonds since Brexit

vote

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Friday, July 1, 2016

OPINION-Italy, or how not to deal with a banking problem

LONDON, July 1 (IFR) - Italy this week exploited the stormy

aftermath of the shock UK referendum result, concocting its

latest attempt at rescuing its banks while markets were

distracted with more pressing matters.

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Santander UK breaks Europe's post-Brexit financial drought

LONDON, July 1 (IFR) - Santander UK is marketing a sterling

covered floater, the first financial deal in the European market

since Britain's shock vote to leave the European Union last

Friday.

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Russia's Russneft plans to raise $500 mln in November IPO - source

MOSCOW, July 1 (Reuters) - Russian oil company Russneft

plans to hold an IPO on the Moscow Exchange in November, aiming

to raise $500 million for 10 percent of its shares, a source

close to the deal told Reuters.

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Brexit fears put aside as corporates go for sterling

LONDON, June 30 (IFR) - British American Tobacco and

Brown-Forman reopened the sterling corporate market on Thursday

after a month-long hiatus, attracting blowout demand just a week

after the UK voted to leave the European Union.

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