Deals du Jour
Australian miner OZ Minerals said its shareholders approved the sweetened $1.4 billion deal by Chinese state-owned Minmetals’ to buy most of the indebted miner’s assets. For today’s headlines, click here.
And in the newspapers:
* Turquoise, the European equity system owned by nine investment banks, was forced to close on Wednesday morning because of a technical problem, Financial News said.
* James Simons, the mathematics professor-turned-investor who founded the multibillion dollar hedge fund Renaissance Technologies LLC, has delayed his retirement plans, the WSJ said, citing people familiar with the discussions.
* Rio Tinto Ltd offered a share in a planned iron ore alliance with BHP Billiton to Chinalco as a peace offering following the collapse of Rio’s $19.5 billion deal with the Chinese firm, the Australian Financial Review said.
* The European Central Bank fears another banking crisis in 2010 if the recession drags on, said ECB financial stability expert Dejan Krusec, cited on the website of the Daily Telegraph.
* Troubled French niche car and equipment maker Heuliez has found a potential buyer, Les Echos reported in its Thursday edition, without saying where it got the information.