Deals wrap: Ramping up to GM’s IPO
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General Motors has increased the preferred stock on offer by 25 percent and raised the price for common stock in its landmark IPO, bringing the U.S. government closer to break-even on a still-controversial bailout of the automaker. NYT’s Andrew Ross Sorkin looks into who should get the credit for GM’s IPO and Dow Jones Newswires cautions investors with a look back to Blackstone’s IPO.
BHP Billiton is still interested in big acquisitions and does not regret spending $875 million pursuing three major deals that collapsed in the past two years, its chairman said.
If two’s a trend, expect more management/private equity buyouts of U.S.-listed Chinese companies — taking advantage of big discounts to peers on the Hong Kong and Chinese stock markets.
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