Oct 29, 2014 07:25 UTC

Train merger could be China’s ticket to elite club

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By Ethan Bilby

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

China’s bullet-train builders are on track for a tie-up that might help secure membership of an elite club. At first glance, merging CNR and CSR into a domestic monopoly sounds like a step backwards. But it would help China better compete against an oligopoly of big, rich-world rivals. For a growing superpower, that probably seems a good enough reason to bend the market norms.

Oct 27, 2014 17:50 UTC

Chiquita inversion slips on cash appeal

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By Jeffrey Goldfarb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Chiquita shareholders got yellow and chose green. They voted down a stock deal to acquire Irish produce distributor Fyffes, a decision that led the U.S. banana company on Monday to agree to sell to Brazilian buyers for about $680 million in cash instead. Ailing arbitrageurs, a revolt against tax-driven mergers and global economic ructions all led to the path of least uncertainty.

Oct 20, 2014 18:49 UTC

Adidas can’t afford to be sentimental about Reebok

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By Olaf Storbeck

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Unwinding the ill-fated acquisition of Reebok could offer a much-needed new start for German sportswear maker Adidas.

Oct 20, 2014 13:18 UTC

Nutreco’s $3 bln buyout shows value of food chain

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By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

A $3.4 billion buyout of Nutreco highlights the value in the food chain. A wealthy Dutch family is planning to gobble up the Amsterdam-listed animal and fish-feed specialist. With no financial overlap, this looks like a long-term bet on the world’s growing hunger for protein.

Oct 15, 2014 18:31 UTC

Qualcomm signals $2.5 bln belief in Bluetooth

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By Dominic Elliott

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Qualcomm’s 1.6 billion pound ($2.5 billion) deal to buy Britain’s CSR sends a positive signal to rivals on Bluetooth. The U.S. chipmaker’s $120 billion market cap means the purchase isn’t a stretch – but it comes at a high price and an odd time.

Oct 13, 2014 19:07 UTC

Bankers get painful and needed conflicts reminder

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By Reynolds Holding

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Bankers just got handed a painful, and necessary, reminder about conflicts of interest. A $76 million penalty against RBC Capital Markets for working both sides of a deal is the latest blow to skewed loyalties. Even with recent knocks against Goldman Sachs and Barclays, however, it isn’t clear the message is reaching Wall Street.

Oct 10, 2014 19:18 UTC

Blackstone sale may kick off next deal trend

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By Jeffrey Goldfarb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

It’s the end of the beginning for Blackstone. The M&A advice business that Steve Schwarzman and Pete Peterson used as a cornerstone to build their buyout firm three decades ago is being offloaded. Merging it with a fledgling shop run by former Morgan Stanley investment banking chief Paul Taubman potentially heralds the start of something else. The rise in global mergers could spawn a super-boutique or even entice a big bank to buy an indie firm.

Oct 9, 2014 21:45 UTC

Facebook and Google catch glimpse of split future

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By Richard Beales

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

The likes of Facebook, Google and Alibaba keep dabbling in new, new things. The U.S.-based social network’s $2 billion acquisition of virtual reality headset maker Oculus VR earlier this year is a prime example. At the same time, old-school technology companies are headed for splitsville. They offer a glimpse into the future for their younger counterparts.

Oct 7, 2014 18:04 UTC

Free spirit (and marketing power) of Lollapalooza doesn’t come cheap

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By Rob Cox

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

Cable cowboy John Malone and Jane’s Addiction front man Perry Farrell rarely come up in the same context. It turns out, however, that there are far fewer than six degrees of separation between the 73-year-old Liberty Media billionaire and the singer of “Been Caught Stealing.”

Oct 7, 2014 16:38 UTC

Glencore Rio takeover would be harder than Xstrata

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By Kevin Allison

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

A Rio Tinto takeover would be harder than Glencore’s 2012 swoop on rival Xstrata. While there’s some logic to a tie-up with the world’s second-biggest iron ore producer, the Swiss miner-trader will be loath to pay a big premium, and the culture clash would be extreme. Rio is also in a better position than Xstrata to resist.