Deals du jour

May 21, 2009

Top deals news today includes Fiat boss’s confidence about an Opel takeover, Regions Financial planning a $1.25 billion stock offer, Aussie Rio shareholders seeking a new Chinalco deal and Novartis buying cancer drugs unit. All the latest deals news here.

In the morning papers:

Fiat SpA has more than a 50 percent chance of successfully linking up with Opel, La Stampa said, citing chief executive Sergio Marchionne. Reuters story here.

British pub company Mitchells & Butlers is in talks with banks over a possible rights issue, the Financial Times reported.

BAA bondholders have hired investment bank Reynolds Partners to advise them ahead of the British government’s proposed changes to regulation of the airport operator, the Daily Telegraph reported.

Fiat and China’s Guangzhou Automobile Industry Group plan to form a car production joint venture with total investment of 4.27 billion yuan ($625.8 million), the official Shanghai Securities News said. Reuters story here.

Australian oil and gas firm Santos Ltd has put four offshore Australian gas projects up for sale as it seeks to focus on other liquefied natural gas projects (LNG) projects, the Australian Financial Review reported. Reuters story here.

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