Deals wrap: Ericsson to buy Telcordia
Mobile network equipment maker Ericsson said it would spend $1.15 billion in cash to buy U.S. group Telcordia to boost its presence in the operations and business support sector.
KKR’s planned $1.6 billion buyout of Taiwan electronics components maker Yageo came under a cloud after a source with direct knowledge of the matter said the island’s financial regulator expressed concern over minority shareholders’ rights.
Deals wrap: Timberland shares jump
VF Corp, owner of clothing brands such as The North Face and Wrangler jeans, said it would buy Timberland for $2 billion. The deal values the shoemaker at $43 a share, a 43 percent premium to Friday’s closing price of $29.99 on the New York Stock Exchange.
For many potential investors Russia is synonymous with corruption, weak rule of law and political risk, its reputation hurt by events such as the jailing of oil tycoon Mikhail Khodorkovsky. Vladimir Putin is trying to turn that image around by telling investors to invest in Russia, and have Russia invest in you.
German chancellor seeks clarity on Opel from GM http://reut.rs/k4IBsX
Pandora increases IPO by 48 percent http://reut.rs/k4aVNO
SGX downplays size after failed ASX exchange deal http://reut.rs/kuls68
LCH likely to stand alone despite bids: NYSE CEO http://reut.rs/mbFxO5
Hesse State not to decide on Boerse-NYSE before Q4 http://reut.rs/jdUjmn
Deals wrap: Waiting for a hostile bid http://reut.rs/kEkhnz
Deals wrap: Waiting for a hostile bid
The head of TMX Group said on Friday a hostile bid could come “any day now,” as a consortium of banks and pension funds prepares to take their approximately $3.7 billion offer for the Canadian exchange operator straight to its shareholders.
Live Nation Entertainment is in talks with its largest shareholder Liberty Media on taking the concert promoter and ticketing company private, the New York Post reported, citing sources familiar with the matter.





