UPDATE 2-Thomson SA seals debt-for-equity deal with creditors

* Deal to cut gross senior debt by 45 pct to 1.55 bln euros

* Debt conversion deal includes 350 mln euro rights issue

* Preliminary H1 EBIT 51 million euros, up sharply

...[more]
CHRONOLOGY-Key dates in the history of Nortel
) wireless business goes on the auction block July 24, marking the first of the insolvent company's three key units to be put up for sale.

Three bids have already emerged, ranging ...[more]

UPDATE 3-Loblaw warns on profits, buys Asian grocery chain

* Warns of difficult second half

* Boosts capex by 33 pct

* Shares off 1.3 percent at C$34.30 (Adds comments from conference call)

By Scott Anderson

TORO ...[more]

UPDATE 1-Thomson SA seals debt-for-equity deal with creditors
) said on Friday it had reached a debt-for equity restructuring deal with a majority of its senior creditors, which will slash its gross debt by 45 percent.
 Last month, the supplier of ...[more]
REPEAT-UPDATE 1-Fiat wins EU clearance to buy Chrysler

*Commission says deal will not change competitive structure of mkts

*Approval unconditional

(Adds details, background, shares)

By Bate Felix

BRUSSELS, ...[more]

EU mergers and takeovers (July 24)

APPROVALS AND WITHDRAWALS:

-- Italian automaker Fiat SpA () to acquire U.S. counterpart Chrysler LLC [CBS.UL] (approved July 24)

NEW LISTINGS:

[more]

Final bids due for NHL's bankrupt Phoenix Coyotes
), offered to buy the team for $212.5 million on the condition that it relocate to Ontario. The NHL, however, has been adamant about keeping the team in Glendale, a Phoenix suburb.
 Bal ...[more]
SCENARIOS-Possible outcomes to Nortel asset auction

* Research In Motion might team with stakeholders in bid

* Federal government may take unusual step of intervening

By Pav Jordan

TORONTO July 24 (Reuters) - Nortel ...[more]

FACTBOX-Nortel's wireless assets auction
) wireless business goes on the auction block on Friday, marking the first of the insolvent company's three key units to be put up for sale.

At least three formal bids have been su ...[more]

UPDATE 1-Proxy adviser Glass Lewis recommends Alpha-Foundation

* Says merger in best interests of Alpha shareholders

NEW YORK, July 24 (Reuters) - Alpha Natural Resources Inc () said on Friday that the proxy advisory firm Glass Lewis & Co r ...[more]

UPDATE 2-Russia may ease foreign access to resources

* Says need to rethink the law to accommodate new reality

(Recasts, adds details, comments)

By Vladimir Soldatkin

MOSCOW, July 24 (Reuters) - Russia should think a ...[more]

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