Deals du jour

May 20, 2009

A man looks at local newspapers, with articles regarding France's President Nicolas Sarkozy's visit on their front pages, at a news kiosk in Mexico CityA Facebook IPO is a few years off, Bank of America raises $13.47 billion in a share sale, GM’s bankruptcy plan envisages a quick sale to government, and more. Here are the latest deal-related stories:

Facebook CEO says IPO a few years out

Bank of America raises $13.47 billion in share sale

GM bankruptcy plan eyes quick sale to government

SolarWinds IPO prices at $12.50, above range

IBM to continue being active dealmaker

Itau interested in buying small banks in Brazil

Broadcom urges Emulex investors question rosy view

Viterra to buy Australia’s ABB for $1.2 billion

Investors expect better hedge fund terms

And in the morning papers:

Global mining company Rio Tinto may replace the $7.2 billion convertible bond that is part of its tie-up with Chinalco with a capital raising underwritten by the Chinese firm, The Australian newspaper said. Reuters story here.

India’s Religare Enterprises and Australia’s Macquarie Group have jointly bid $500 million to buy AIG Investments, which manages $100 billion in client funds globally, according to The Times of India.

David George, chief executive officer at Enterprise Inns, has invested 134,000 pounds in the company’s bonds, which are trading at around two-thirds of their face value, the Financial Times reported.

The British government will approve a Private Finance Initiative scheme to upgrade London’s M25 motorway, a project backed by 925 million pounds of bank loans and 200 million pounds of equity, The Times said.

One comment so far | RSS Comments RSS

Nice story linked to the “Silicon Vally” thinks Detroit does not get it. The road will be paved with the dead carcases of high tech companies that think it is easy to build vehicles and the likes of Ford are too stupid to build high tech vehicles. Unfortunately, nobody in North America can compete with $2500 vehicles as the material costs alone would cost more.

Posted by Stevo | Report as abusive

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