SABMiller won't take Foster's "no" for an answer; a Stradivarius raises $15.9million for tsunami relief; and more
1. London-based SABMiller, the world's No. 2 brewer by volume, will pursue Foster's even after its $10 billion takeover bid was rejected by Australia's biggest beer company.
2. PNC Financial Services Group (PNC) agreed to pay $3.6 billion for Royal Bank of Canada's U.S. retail banking unit and credit-card assets.
3. Abu Dhabi Commercial Bank is selling its 24.9 percent stake in Malaysian lender RHB Capital to Abu Dhabi's state-owned Aabar Investments for $1.9 billion.
4. Reynolds Group, the packaging company owned by New Zealand's richest man, Graeme Hart, will acquire plastic container maker Graham Packaging for $1.7 billion.
5. Independent electricity producer Atlantic Power (AT) agreed to purchase Alberta-based Capital Power Income for $1.1 billion, more than doubling its electric output capacity.
6. Gas Natural, Spain's largest natural gas supplier, will sell a 3.85 percent stake to Algerian state-owned energy company Sonatrach for $740 million.
7. Royal Dutch Shell (RDS/A) is paying private investment company Rontec Investments $400 million for 254 retail gas stations in Britain.
8. Titanium and stainless steel processor (CRS) Carpenter Technology will acquire Latrobe Specialty Metals for $388 million to expand in products for the aerospace, defense, and energy sectors.
9. Three Pablo Picasso portraits of different lovers, Jeune fille endormie, Femme assise, robe bleue, and Buste de Françoise, fetched a total of $68.5 million at a June 21 Christie's auction.
10. A Stradivarius built in 1721, which once belonged to Lord Byron's grand- daughter, sold online for $15.9 million to an anonymous bidder. Proceeds will go to help victims of Japan's tsunami.