Deals du jour
German Chancellor Angela Merkel says General Motors “urgently” needs to decide on Opel’s future, while specialty drugmaker Warner Chilcott moves to acquire Procter & Gamble’s $3 billion prescription-drug business.
For these stories, and all the rest of the latest deals news from Reuters, click here.
And here’s what caught our eye in the newspapers (some external links may require subscriptions):
* Harvard University’s multibillion-dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few years, the Wall Street Journal said.
* Entrepreneur Clive Cowdery’s Resolution (RSL.L) has held early stage talks with Lloyds Banking Group (LLOY.L) over the sale of its Clerical Medical unit, the Mail on Sunday reported, citing an unnamed source.
* Betfair, the world’s largest online gaming exchange, is considering a 1.5 billion pound ($2.5 billion) flotation in the UK, the Sunday Telegraph reported, citing no sources.