Deals wrap: No deal for NAB
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National Australia Bank’s bid for AXA Asia Pacific has been blocked for a second time. The Australian competition regulator’s decision clears the way for AMP to make another bid for AXA Asia Pacific and that could come as early as Friday, according to an Australian Associated Press report. *View article *View article on NAB’s CEO
Sanofi-Aventis poured cold water on reports it had raised its offer for Genzyme, saying it was sticking to its bid of $18.5 billion. *View article *View article reporting Sanofi may raise bid
Deal making is a prominent theme at the Aerospace and Defense Summit being held in Washington, D.C. EADS Chief Executive Louis Gallois said the company’s cash position of 9 billion euros gives it room for “reasonable” acquisitions. Northrop Grumman Chief Executive Wes Bush said the defense contractor has no plans to break itself up, and he would not forecast any large-scale mergers for the industry in the near term.*Full coverage of Aerospace and Defense Summit
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