Deals wrap: The GM IPO

November 1, 2010

A GM sign is seen outside the Medved General Motors car dealership in Arvada, Colorado August 12, 2010.   REUTERS/Rick Wilking As General Motors gears up for its initial public offering, the Treasury Department is calling the shots on everything from banking fees to the potential involvement of offshore investors. *View graphic on world IPOs *View graphic on GM value

ICBC, the world’s biggest lender by market value, paid a token $1 for a small U.S. brokerage firm, the Wall Street Journal reported. The deal highlights the continued strength and growing influence of Chinese financial companies.

Ambac, once one of the largest U.S. bond insurers, said it may file for bankruptcy protection this year, after missing an interest payment due on some debt.

Code names such as “Krypton” and “Eclipse” have disguised some of 2010′s takeovers. Expect dealmakers to come up with more aliases to guard against leaks as mergers and acquisitions accelerate.

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