DealZone

Deals wrap: Cutting the deal in half

October 28, 2010

A Wall St. sign is seen outside the New York Stock Exchange, September 30, 2008.  REUTERS/Lucas Jackson Wal-Mart may scale back its bid for Massmart and take a 50 percent stake, rather than a full buyout, Massmart said in a statement. Wal-Mart has been under increasing fire from shareholders to revive its ailing U.S. stores, and some analysts have said it should concentrate on fixing its business at home before spending big on expansion. *View article

Private equity firm Blackstone Group reported a rise in quarterly earnings and said the value of its investment funds grew. *View article

With the U.S. car industry in a slow, fragile recovery from a punishing downturn, auto parts makers are reluctant to pull the trigger on deals, delaying a long-predicted wave of consolidation in the sector, write Soyoung Kim and Deepa Seetharaman. *View article

BHP Billiton dismissed a newspaper report that Canada’s federal government was leaning toward blocking its $39 billion hostile takeover bid for Potash Corp *View article *View quarterly results from Potash

Italian utility Enel has dropped the minimum price for the initial public offering of its renewable energy unit to attract enough investors to Europe’s biggest listing in three years, financial sources said. *View article

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