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    Post Holdings (POST) on Thursday announced plans to acquire private equity-backed MFI Holding for $2.45 billion in a bid to expand the cereal giant's presence on the supermarket shelf. MFI is parent of Michael Foods Group, a maker of egg products, refrigerated potato offerings and dairy goods under brands including Papetti's, All Whites, Better 'n Eggs and Crystal Farms.

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    Investment banks Morgan Stanley (MS) and Goldman Sachs Group Inc (GS) posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting. The results underscored how businesses viewed as stodgy before the financial crisis are becoming critical drivers of earnings growth for investment banks now.

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    Proxy adviser Glass Lewis has recommended that its clients vote to maintain Augusta Resource Corp's (AZC) shareholder rights plan, which is meant to thwart a hostile takeover bid from larger Canadian base metals miner HudBay Minerals Inc. Investors will vote on whether to cancel the plan at Augusta's May 2 shareholder meeting.

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    Shares of Chemtura Corp. (CHMT)  have fallen -4.4% to $24.09 after it was reported late last night that the specialty chemicals company plans to sell its agrochemicals business to Platform Specialty Products Corp. (PAH) for about $1 billion, sources told the Wall Street Journal. The deal is expected to be announced today. Must Read: Warren Buffett's 10 Favorite Growth Stocks.

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    * Adjusted profit of $1.07 a share, as expected. * Shares up 1 pct. Rockwell Collins Inc (COL), a maker of avionics and other electronics systems for aircraft, reported a lower quarterly profit on Thursday as income tax expense rose but an acquisition bolstered sales, sending its shares up in early trading. The company is beefing up its exposure to commercial markets as U.S. defense spending shrinks.

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    Updated from 10:06 a.m. ET to include CEO interview, share prices. Platform Specialty Products (PAH), a specialty chemical company that was born from a special purpose acquisition vehicle founded by Jarden (JAH) chairman Martin Franklin, said on Thursday it will buy Chemtura AgroSolutions from Chemtura (CHMT) for $1 billion in cash and stock. Ackman Backed Venture Lists On NYSE After MacDermid Deal.

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    Updated from 8:25 a.m. ET to include closing share prices. Weibo (WB), often referred to as the Chinese version of Twitter, began trading on the Nasdaq Global Select Market on Thursday, surging over 19% after the company priced its initial public offering at the low end of its expected range.

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    Chemtura Corp (CHMT) struck a deal to sell its agrichemicals business to rival Platform Specialty Products Corp (PAH) for about $1 billion as it transforms itself into a pure-play industrial specialty chemical company. The deal will be funded by $950 million in cash and the issue of 2 million Platform shares.

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    Chemical company Chemtura Corp (CHMT) said it had entered into a deal to sell its agrochemicals business to Platform Specialty Products Corp (PAH), a global specialty chemicals company, for about $1 billion. The deal, expected to close in the second half of 2014, will be funded with $950 million in cash and 2 million shares of Platform's stock.

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    - Chemicals maker DuPont (DD) expects its agriculture business to grow this quarter as farmers buy seeds and insecticides after a delayed start to planting season in North America, which hurt the company's revenue in the first quarter. Shares of DuPont (DD), a Dow 30 component, were down about 1 percent at $67.19 in late morning trading on the New York Stock Exchange on Thursday.

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    Chemicals maker DuPont (DD) reported a 57 percent fall in first-quarter net income due to the sale of its performance coating business, which added almost $2 billion to earnings in the year-earlier quarter. Net income attributable to DuPont (DD) dropped to $1.44 billion, or $1.54 per share, in the quarter ended March 31, from $3.35 billion, or $3.58 per share, a year earlier.

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    Cereal maker Post Holdings Inc (POST) said it will buy Michael Foods Inc for $2.45 billion to expand in the away-from-home breakfast business. Post said it will acquire the business from affiliates of GS Capital, Thomas H. Lee partners, and other owners and expects the deal to add to earnings per share, excluding transaction costs.

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    Alisher Usmanov is Russia's richest tycoon for the third year in a row, with wealth of $18.6 billion, after selling his stake in the social media website Facebook (FB), according to the latest report by the U.S. magazine Forbes. Usmanov is a co-owner of Russia's largest iron ore miner, Metalloinvest, and the country's number-two mobile operator, MegaFon.

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    The following corporate finance-related. * Cereal maker Post Holdings Inc is close to a deal to acquire eggs and dairy producer and distributor Michael Foods Group Inc for $2.5 billion, prevailing over a rival bid from Tyson Foods Inc, said a person familiar with the matter.

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    Private equity firms Bain Capital and Carlyle Group (CG) are among first round bidders for Standard Chartered's Hong Kong consumer finance unit, a business valued at up to $700 million, people familiar with the matter said. Orix Corp (IX), one of Japan's largest financial services conglomerates, and some Chinese non-bank finance companies also placed bids this week, they added.

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    The following corporate finance-related. * Cereal maker Post Holdings Inc is close to a deal to acquire eggs and dairy producer and distributor Michael Foods Group Inc for $2.5 billion, prevailing over a rival bid from Tyson Foods Inc, said a person familiar with the matter.