DealZone

Deals wrap: SSL is on the market

July 21, 2010

Models pose with a replica of a condom during the 2001 Durex Global Sex Survey Press conference in Hong Kong November 27, 2001. REUTERS/Kin CheungReckitt Benckiser agreed to buy Durex condoms maker SSL for $3.8 billion. SSL stock jumped on the news as potential counterbidders could include Johnson & Johnson and GlaxoSmithKline, which are looking to expand their over-the-counter businesses. * View article

AIG is set to elevate Goldman Sachs to the top role for handling the initial public offering of its Asian life insurance unit, sources said. Morgan Stanley was an early favorite to lead AIA’s aborted IPO last year, before Prudential offered to buy the unit and IPO plans were shelved. The Prudential deal subsequently fell apart. * View article

Is Facebook worth $11 billion or $30 billion? Investors, and underwriting banks, have been salivating over an IPO for months. MSN Money takes a look at how to value the social-networking company. * View article

It’s tough out there to make a living, and not just for the blue collar crowd. “The IPO gravy train is making fewer stops these days” reports Slate. * View article

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