The end of the year looks set to be full of news of rights issues and IPOs as share investors are offered a bet on next year’s economic recovery.
The travails of UK transport firm National Express fill many of Tuesday’s business pages, with rivals First Group and Stagecoach both in the frame for a bid, while the debt-laden company finalises plans for a rights issue. For other Reuters stories on deals, click here.
Other stories in Tuesday’s newspapers include:
- Private equity firm Cerberus Capital Management is in advanced preparations to take rifle and ammunition maker Freedom Group Inc public, the Wall Street Journal reports.
- India’s Reliance Capital is entering into a strategic alliance with Japan’s Daiwa Securities to set up an investment banking business in India, the Economic Times reports.