Deals

Icahn seeks up to $7 billion for Dell bid

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NEW YORK - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.

Sprint, SoftBank complete U.S. state regulatory review process 3:48pm EDT

NEW YORK - Sprint Nextel and SoftBank Corp said on Thursday they had received all necessary state regulatory approvals for the Japanese company's proposed $20.1 billion purchase of 70 percent of Sprint.

Caixabank to sell stake in Carlos Slim's Inbursa 12:13pm EDT

MADRID - Spain's Caixabank may sell around 10 percent of Grupo Financiero Inbursa , a Mexican bank controlled by tycoon Carlos Slim, in response to renewed pressure to shed investments and bulk up capital.

Elan rejects Royalty's $6.4 billion raised offer 1:36pm EDT

DUBLIN - Elan rejected Royalty Pharma's increased $6.4 billion bid on Thursday, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share.

Hulu video site auction attracts four bidders: sources 7:02pm EDT

LOS ANGELES - Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service.

Apax Partners to take rue21 private in $1.1 billion deal 1:59pm EDT

- Private equity firm Apax Partners LLP has agreed to acquire rue21 Inc for about $1.1 billion, attracted by the teen-apparel retailer's growth and cash flow and keen to add to a retail portfolio that includes Cole Haan and Takko Fashion.

General Electric considering IPO for finance business - CEO 9:29am EDT

- General Electric Co is considering spinning off parts of its financial arm, GE Capital, through an initial public offering as part of its plan to reduce the size of the business, Chief Executive Jeffrey Immelt said.

Prada says not planning on making acquisitions 12:38pm EDT

MILAN - Italian fashion house Prada is not planning on returning to the acquisition trail for now, its chief executive said on Thursday, dousing speculation it might be in the hunt for deals.

Dutch want governments to keep control of Urenco 1:19pm EDT

AMSTERDAM - The Netherlands is willing to sell its 33 percent stake in nuclear fuel producer Urenco, but wants governments to retain a majority holding in the firm or keep control over key aspects of its business, the Dutch finance ministry said on Thursday.

Dover to spin off communication businesses 1:53pm EDT

- U.S. industrial conglomerate Dover Corp said it plans to spin off most of its communication technologies businesses into a publicly traded company to focus on its industrial businesses, sending its shares up as much as 5 percent.