DealZone

Deals wrap: The deals are back

September 24, 2010

Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21 percent so far this year, but the outlook for the rest of the year remains cautious. Reuters takes a look at the deal flow in the third quarter, who the top advisors are and why. *Full Coverage

Brazil’s federal government increased its total stake in oil company Petrobras to about 48 percent from 40 percent after a massive stock offering. U.S.-traded shares of the company fell 0.7 percent in early trading. *View article

Britain’s markets watchdog told investment banks to adopt “a much stricter culture” to prevent leaks to journalists about takeovers and other deals, and said it might impose new rules if nothing improves in a year. *View article

“The initial public stock offering by General Motors will be smaller than previously suggested, and the federal government will most likely sell a relatively small portion of its 61-percent stake in the company, according to people with knowledge of the preparations,”  The New York Times reports. *View NYT article

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