DealZone Daily

October 19, 2009

Blackstone boss Stephen Schwarzman’s taste for theme parks. The merits of a bid for British grocer Sainsbury. And why are Indian outsourcers shy of blockbuster M&A?

For these and the rest of the latest deals news from Reuters, click here.

And here’s what the newspapers are saying. (Some external links may require subscriptions).

* CME Group Inc (CME.O), the world’s largest derivatives exchange, is in talks to take over the Chicago Board Options Exchange in a deal that would value the largest U.S. options market at up to $5 billion, according to Crain’s Chicago Business.

* General Electric Co (GE.N) and Vivendi SA (VIV.PA) are about $500 million apart in talks over what Vivendi should be paid for its NBC Universal stake, The Wall Street Journal says.

* Kazakh miner Eurasian Natural Resources Corporation (ENRC) (ENRC.L) is planning to buy out its founders’ African assets, in exchange for increasing their ownership in the company, The Independent on Sunday reported.

* Citigroup Inc (C.N) is considering listing its Brazilian or Latin American units to raise cash for expansion, Valor Economico newspaper said on Friday. Reuters story here.

* Telco, the holding company that owns 24.5 percent of Telecom Italia (TLIT.MI), is mulling a 2.6 billion euro ($3.88 billion) bond as its shareholders agree a renewal of their pact for three years, Italian newspaper reports said on Saturday. Reuters story here.

* Swiss bank UBS AG (UBSN.VX) (UBS.N) warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws, a Swiss paper said on Sunday. Reuters story here.

* Dutch bank DSB is seeking a state capital injection of 100 million euros as part of a rescue plan also involving the conversion of savings deposits into stock, after talks with a potential U.S. buyer broke down.

In a statement, DSB said on Sunday the company could continue operations if it secured a conversion of a “large amount” of savings deposits and a capital injection from the Dutch state of 100 million euros, news agency ANP reported. Reuters story here.

* British banks could face “regulatory arbitrage” if UK regulators impose tougher bonus and capital requirements than regulators in other countries, the chairman of Barclays (BARC.L) told the Financial Times.

* Kraft Foods Inc (KFT.N) is in talks to sell its Maxwell House coffee business to Sara Lee Corp (SLE.N) in a move that would give it more money to increase its bid for Cadbury Plc (CBRY.L), the New York Post reported on Friday, citing one source.

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