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NEW YORK-- Shares of Exide Technologies surged Friday as the battery maker announced that it hired a financial advisory firm to help explore options to maximize shareholder value. Exide Technologies said that it does not anticipate making any further comments about its Lazard- assisted review until the process is finished.
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From Credit Agricole in Paris to Commerzbank. in Frankfurt, many European banks have fallen further behind Wall Street institutions such as Goldman Sachs and JP Morgan in industry rankings as they cut most types of lending and scale back risky trading bets.
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SINGAPORE, March 26- French broker Newedge Group has consolidated operations in the Asia-Pacific region by moving its clients' accounts from the Singapore desk to Japan, the company said on Tuesday. "Sebastian Pang-- head of energy for Asia-Pacific-- remains in Singapore," John Fay, the company's global head of commodities and currency, told Reuters.
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*Espirito Santo Investment Bank raises fair value to 42 euros from 40 euros;. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
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March 26- Primary Health Properties PLC:. *Espirito Santo Investment Bank raises fair value to 329 p from 306 p; rating. Reuters Station users, click. 1580.
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BofA Chief Executive Brian Moynihan will need to hold shares likely worth millions of dollars for at least a year after he retires, under a new compensation policy.
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Shares in UK chip designer ARM Holdings rise 4.4 percent, the top FTSE 100 risers, boosted by BofA Merrill Lynch's move to add the stock to its' Europe 1 List', traders say, with the investment bank citing factors including valuation grounds.
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*Schroders, Cazenove agree 424 mln stg deal. *Will boost Schroders private banking assets. By Tommy Wilkes and Kate Holton LONDON, March 25- Fund manager Schroders Plc.
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LONDON, March 25- Fund manager Schroders said on Monday it would pay 424 million pounds to buy Cazenove Capital in an agreed deal that would create a leading independent private banking and wealth management business.
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BRUSSELS, March 25- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Investment bank Goldman Sachs and private equity firm TPG Lundy to acquire joint control of British electronics parts maker Exception Group Ltd, which is controlled by British bank Lloyds.
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SAN FRANCISCO, March 22- IntercontinentalExchange Inc will consider cutting trading hours for soft commodities in a bid to improve liquidity, president and chief operating officer of ICE Futures U.S.
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SAN FRANCISCO, March 22- IntercontinentalExchange Inc will consider cutting trading hours for soft commodities in a bid to improve liquidity, president and chief operating officer of ICE Futures U.S.
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BRUSSELS, March 22- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --U.S. conglomerate Honeywell to acquire U.S. mobile computing device maker Intermec.
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LONDON, March 22- Barclays was forced to declare a 14.2 percent stake in Dutch cable company Ziggo. Bankers at rival firms said many investment banks had bid to run the sale, but Barclays, which was not involved in Ziggo's listing or the private equity groups' previous sell downs, had offered the company a higher price than the others.
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LONDON, March 22- British fund manager Schroders. Schroders has until April 19 to decide on whether to bid for the company, under UK takeover regulations. Traditionally one of the least acquisitive of the larger UK asset management houses, Schroders has made small add-on deals recently.
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NEW YORK, March 21- JPMorgan Chase& Co is the top adviser on mergers and acquisitions so far in the first quarter, having worked on all four of the largest deals announced since Jan. 1.
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Citigroup had agreed in May 2005 to pay $208 million in fines and restitution to settle a related U.S. Securities and Exchange Commission civil fraud case. The SEC distributed more than $100 million to fund investors in 2010, but the investor lawsuit continued.
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FRANKFURT, March 21- Commerzbank has hired former Citigroup banker Jens Voss as Global Head of Equity Capital Markets, Germany's second largest lender said on Thursday. Commerzbank ranked 20th in equity capital markets business in Europe, Middle East and Africa in 2012, according to Thomson Reuters data.
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March 21- Smiths Group PLC:. *Espirito Santo Investment Bank raises fair value to 1220 p from 960 p; rating. Reuters Station users, click. 1580.
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*Deutsche Bank downgrades Asian Paints Ltd. to "sell" from "hold", saying valuations are running ahead of fundamentals. *The investment bank says the stock is trading at an all-time high valuation despite rising competition.
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BRUSSELS, March 21- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Japanese trading group Mitsubishi Corp and Japanese carmaker Isuzu Motors to acquire joint control of Isuzu Motors India Private Ltd. --U.S. conglomerate Honeywell to acquire U.S. mobile computing device maker Intermec.