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Friday, November 25, 2011

Deals Today

Reuters
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11/25/2011
News Hello
AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators. If the deal collapses, Deutsche Telekom may be forced to sell assets closer to home and take a knife to its cost base, reports Victoria Howley and Georgina Prodhan.

Australia's government approved SABMiller's $11.2 billion deal to acquire Foster's Group under foreign acquisitions laws, but imposed conditions requiring the company to keep brewing operations in Australia.

Chow Tai Fook Jewellery Group could raise up to $2.83 billion, which would be the biggest Hong Kong initial public offering of the year, tapping volatile equity markets to fund the purchase of diamonds and gold and pay down debt.

Ahead of Zynga's IPO, the San Jose Mercury News looks at what makes the company attractive.

Get a new perspective on the Olympus saga  in this interactive graphic.
LATEST NEWS
DealTalk: Goldman, Morgan Stanley bow out of Unicredit cash call
LONDON (Reuters) - A behind-the-scenes tussle for control over a 7.5 billion euro ($10 billion) share sale by Italy's Unicredit has shown how increasingly tense market conditions are driving a wedge between investment banks. | Full Article
AT&T braces for T-Mobile deal collapse
November 25, 2011 09:36 AM ET
LONDON/FRANKFURT (Reuters) - AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators who say it would destroy jobs and curb competition. | Full Article
Ontario Teachers' to hold on to Maple Leaf Sports
November 25, 2011 11:06 AM ET
TORONTO (Reuters) - The Ontario Teachers' Pension Plan has shelved plans to sell its 80 percent stake in Maple Leaf Sports and Entertainment Ltd, which owns Toronto's National Hockey League and National Basketball Association teams. | Full Article
Investor tries to block BB&T, BankAtlantic deal
November 25, 2011 10:19 AM ET
(Reuters) - A BankAtlantic Bancorp Inc investor has filed a lawsuit in Delaware state court to block the sale of the South Florida bank holding company's primary operations to a rival, according to court documents obtained by Reuters. | Full Article
Ex-Goldman star Flamand has tough debut year
November 25, 2011 09:30 AM ET
LONDON (Reuters) - Pierre-Henri Flamand, the star trader who left Goldman Sachs to launch one of the most eagerly-awaited hedge funds of 2010, is having a tough debut year as volatile markets rock the M&A dealflow his strategy trades on to make money. | Full Article
TOP NEWS
Crowds hit stores for "Black Friday" deals
November 25, 2011 10:24 AM ET
(Reuters) - Retailers may not reap hefty gains from the longer lines of shoppers snaked around malls across the U.S. at the traditional post-Thanksgiving start of the holiday shopping season; broader bargain hunting driven by budgetary fears may depress overall holiday spending. | Full Article
Thousands rally in Egypt on "last chance Friday"
November 25, 2011 10:44 AM ET
CAIRO (Reuters) - Tens of thousands of Egyptians demanding an end to military rule packed Cairo's Tahrir square on Friday in the biggest turnout of a week of protests and violence that has killed 41 people. | Full Article
"Awful" Italy debt sale heightens euro zone stress
November 25, 2011 10:08 AM ET
MILAN (Reuters) - Italy paid a record 6.5 percent to borrow money over six months on Friday and its longer-term funding costs soared far above levels seen as sustainable for public finances, raising the pressure on Rome's new emergency government. | Full Article
Ex-Olympus CEO says willing but not begging to return
November 25, 2011 10:30 AM ET
TOKYO (Reuters) - The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn't "begging" to return and clean up the mess. | Full Article
Global supermarkets wary of fine print on India invite
November 25, 2011 09:16 AM ET
NEW DELHI (Reuters) - Global supermarket chains welcomed a long-awaited invitation from India to invest in the country's $450 billion retail market, but they fear the small print may keep a lid on investment in the short term. | Full Article
TECHNOLOGY NEWS
Apple ahead in mobile loyalty: Gfk research firm
Patent firm says to stop HTC German 3G phone sales
HTC tumbles again; growth potential in doubt
Thailand's surreal industrial park: crocodiles but no chips
IPOs stoke San Francisco housing market
RELATED VIDEO
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Black Friday looking brighter, crowds swarm malls

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Olympus ex-CEO not "begging" to return

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Making a stranger's house your home

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ODDLY ENOUGH
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Russian anchor off air for finger gesture in Obama story
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Rats help Colombia sniff out deadly landmines
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