General Motors (GMGMQ.PK) is talking to rival suitors to sell a stake in Opel, the Financial Times says, primarily Brussels-based RHJ International (RHJI.BR). Magna is still in pole position.
Japan’s Shinsei Bank and Aozora Bank are likely to announce plans to merge by next year, sources familiar with the matter say. The two loss-making lenders are backed by U.S. investors. Read the Reuters story here.
For more Reuters news on deals, click here. Below are two other stories we spotted in newspapers.
Private equity group Candover (CDI.L) has received approaches from trade buyers for Ontex, the Belgium-based maker of diapers and wet wipes, the Financial Times says .
Activist hedge fund firm The Children’s Investment Fund (TCI) is considering offering more flexible terms to investors and a different fee structure, the Wall Street Journal says.
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Good news. If the BK goes past July 10th, GM will then be able to file for a non-governmental bankruptcy.
- Posted by Janet