Blackstone Group (BX.N) talks to lenders about cutting up to $5 billion of debt held by its Hilton Hotels chain; National Express (NEX.L) ends talks over a possible merger with rival British bus and rail group Stagecoach (SGC.L); and the U.S. IT services sector occupies a sweet spot for M&A. Plus, will Obama’s upcoming trip to China be marked by a deal between Disney and Shanghai?
For more on these stories, and all the rest of the latest deal-related news from Reuters, click here.
And here’s some picks from the papers (some external links may require subscriptions):
Global miner Rio Tinto (RIO.AX) is looking to mend relations with Chinese metals firm Chinalco by making a joint investment in Mongolia’s Oyu Tolgoi copper-gold mine project, the Sydney Morning Herald says.
UK law firm Lovells is discussing a potential tie-up with Washington-based Hogan & Hartson, several newspapers report. WSJ story here.
Private equity group MGPA is in the final round of talks to acquire Land Improvement Holdings for 90 million pounds, the Financial Times says.