Mergers & Acquisitions

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UPDATE 1-Citi agrees to sell Japan retail banking to SMBC

* Deal price not disclosed, sources had said about $333 million

Sumitomo Mitsui says to buy Citi's Japan retail operations

TOKYO, Dec 25 - Sumitomo Mitsui Banking Corp has agreed to buy Citigroup Inc's Japanese retail banking business and merge it with its subsidiary SMBC Trust Bank, the companies said on Thursday.

Stocks, Markets, Financials 1:58am EST

China's Dalian Wanda to buy online payment platform -sources

BEIJING Dec 25 - China's Dalian Wanda Group Co, whose real estate arm just raised about $3.7 billion in a Hong Kong share sale, plans to invest more than $300 million for control of a Chinese third-party payment platform, sources familiar with the deal said.

UPDATE 2-Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr

CAIRO, Dec 24 - Kellogg Co, the world's largest breakfast cereal maker, once again raised its bid for Egyptian snackmaker Bisco Misr on Wednesday, topping a rival offer from the UAE's Abraaj in an intensifying $144 million takeover battle.

UPDATE 1-Google's YouTube tentatively agrees to stream 'The Interview' -CNN

(Adds background about existing theatrical distribution arrangement in paragraph 4; details about potential alternative channels in paragraphs 5-7)

Oil spin-off stocks could face longer road to recovery

NEW YORK, Dec 24 - oAs falling oil prices have ripped through energy stocks this year, five U.S. corporate spin-offs in the sector have not escaped the share price carnage and face a tougher road to recovery than more-established companies.

Markets, Stocks 24 Dec 2014

Kellogg raises offer in bidding war for Egypt's Bisco Misr

CAIRO, Dec 24 - Kellogg Co. has raised its bid for Egypt's Bisco Misr to 89.86 Egyptian pounds ($12.57) per share, topping a rival offer by the UAE's Abraaj, the head of Egypt's financial regulator said on Wednesday.

EU mergers and takeovers (Dec 24)

BRUSSELS, Dec 24 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

UPDATE 1-China offers fresh support for outbound investment

* More bank support for major equipment makers (Updates with steps on fiscal funds)

BRIEF-Publicis says extends offer to acquire Sapient to Jan 7

* Says has extended its offer to purchase all of outstanding shares of common stock of Sapient for $25.00 /share

Stocks, Markets, Technology 24 Dec 2014

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