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Sunday, November 22, 
5:36 am

Deal International: News on Xstrata-Vale, RBS-ABN-Fortis and more

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Stay tuned to TheDeal.com and Deal International for updates to these stories and more.

Xstrata plc-Glencore International AG-Cia. Vale do Rio Doce
Xstrata's largest shareholder, Glencore, is reportedly digging its heels in and threatening to derail a planned $90 billion takeover by Brazil's Vale.

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British American Tobacco plc-Skandinavisk Tobakskompagni A/S
British American Tobacco agrees to buy most of Skandinavisk Tobakskompagni for $4.1 billion to gain 60% of the market for cigarettes in Scandinavia.

ABN Amro Bank NV-Royal Bank of Scotland plc-Fortis Bank
ABN Amro victors RBS and Fortis separately talk up the deal, with RBS declaring savings will be a third higher than expected, as they report 2007 earnings, though the Scottish bank also writes down the value of ABN's wholesale business.

E.ON AG
German utility E.ON has told German Chancellor Angela Merkel that it's in talks to sell its power grid, which would be a major boost to the EC's years-long campaign to have utilities split their assets.

Medisize Holding AG-Medifiq Healthcare
Swiss dental products maker Medisize Holding to sell its medical business to Finland's Medifiq Healthcare for $98 million.

- The editors

See TheDeal.com story on Xstrata
See TheDeal.com story on BAT
See earlier story on ABN-RBS-Fortis





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