Egypt shares rise, OT gains over cash influx news

(Reuters) - Egyptian shares rose on Tuesday as the well-watched CASE30 index hit a closing year high led by gains in Orascom Telecom (OT) after it said it would receive a $793 million cash influx, traders said.

OT shares rose 3.8 percent to 77.75 Egyptian pounds after the firm said on Monday it had received the cash from Hutchison Telecom following Hutchison's sale of its Indian subsidiary Hutchison Eassar in May.


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US stock indexes rise on M&A; data eyed

(Reuters) - Wall Street started a holiday-shortened session slightly higher on Tuesday, boosted by the latest takeover news, ahead of data on the manufacturing and housing sectors.

Kraft Foods Inc. is in exclusive talks to buy Danone's biscuit and cereal unit for 5.3 billion euros in cash, the companies said. For details, see ID:nL03276080. Kraft's shares fell 1.3 percent to $35.10.


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Canadian Stocks Rise on Takeover Speculation, After Deals by BCE and Aur

(Bloomberg) -- Canadian stocks rose on takeover
speculation after BCE Inc., Canada's biggest phone company, was
sold for C$34.2 billion ($32.1 billion) in the largest leveraged
buyout.

The speculation was fanned by an agreement by Teck Cominco
Ltd. to buy Aur Resources Inc. for C$4.1 billion. The Standard &
Poor's/TSX Composite Index rose 117.92, or 0.9 percent, to 14,024.
49 as of 9:45 a.m. in Toronto.


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RBS group says doesn't know many of key ABN facts

(Reuters) - A U.S. regulatory filing by Spain's Santander for the first time showed details of the shareholder agreement it has with RBS and Belgian-Dutch Fortis to buy ABN, which was signed on May 28.



The agreement said the trio acknowledge "they do not know many of the key facts relating to the ABN AMRO Group, including the precise identity and ownership of the acquired businesses."


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Petrobras, Porto Seguro and Votorantim Celulose: Brazilian Equity Movers

(Bloomberg) -- Brazil's main stock index rose for a
fifth day, led by state-controlled oil company Petroleo Brasileiro
SA.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange gained 362.46, or 0.7 percent, to a record 55,733.67 as of
9:32 a.m. New York time.


Read more at Bloomberg Stocks News

Kroger says labor contract ratified by union

(Reuters) - The three-year contract covers more than 3,100 Kroger associates at 27 stores in the Toledo metropolitan area, the company said in a statement.






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Wall St set to open higher on M&A; data eyed

(Reuters) - Kraft Foods Inc. is in exclusive talks to buy Danone's biscuit and cereal unit for 5.3 billion euros in cash, the companies said. Kraft's shares rose 1.8 percent in Europe.




The market will close early at 1 p.m. ahead of Wednesday's U.S. Independence Day holiday when financial markets will be closed all day.


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