DealZone

Behind the deals and deal-makers

Deals du jour

May 19, 2009 03:16 EDT

A journalist inspects a board with newspapers and magazines during the annual news conference of German publisher Axel Springer in BerlinState Street is selling $2 billion of stock, Morgan Stanley expects more listed company share sales and billionaire Kirk Kerkorian strikes his latest deal, and more. Here are the latest deal-related stories:

State Street sells stock, takes $3.7 billion charge

Morgan Stanley exec sees more follow-ons

Kerkorian buys MGM Mirage shares, stake now 42 percent

Fujitsu eyes more M&A to boost software operations

Lehman seeks OK to probe Barclays payment

Kona Grill shareholder offers to take company private

Morgan Stanley to sell remaining stake in MSCI

And in the morning papers:

The U.S. Treasury has preliminarily granted BlackRock Inc a second-recond interview to buy toxic assets from U.S. banks, using taxpayer money, the Wall Street Journal said on its website.

German retailer Arcandor AG’s Chief Executive, Karl-Gerhard Eick, said he opposed Metro AG’s proposal to combine the two companies’ department store chain, Sueddeutsche Zeitung reported. Reuters story here.

The European covered bond market is showing strong signs of recovery due to the European Central Bank’s decision to buy the securities, reported the Financial Times. Here’s how Reuters reported the ECB’s move earlier this month.

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