DealZone

Deals du Jour

August 14, 2009

The logo of an Opel car dealer is pictured in Himmelkorn, near Leipzig August 9, 2009. With Magna and GM finally agreeing terms on Opel, more deals are on the horizon.

Mergers and acquisition stories in the media on Friday include:

A Canadian bank has approached Allied Irish Banks and the Irish government with a proposal to buy a stake in Allied when it has been cleansed of its risky loans, the Irish Times reported on Friday

India’s federal government will offer its 49 percent stake in Bharat Aluminium Co (Balco) to Sterlite Industries (India) Ltd for about 20 billion rupees ($416 million), the Economic Times reported on Friday.

Barclays Capital has prepared a database of more than 100 private-equity owned companies ready to be listed in the next 12 to 18 months, the Wall Street Journal reported on Friday.

Peter Cruddas, a leading London financier, may take CMC Markets public in 18 months, the Daily Telegraph reported on Friday.

Merrill Lynch, a unit of Bank of America Corp, is ramping up its recruitment programs for financial advisers with signing packages more generous than its 2006 and 2007 offerings, according to a story on the Financial Times website. Reuters story here.

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