Deals du Jour
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:
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.