Deals du jour
State 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:
And in the morning papers:
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.