Deals wrap: Brokers sharpen elbows

December 16, 2010

A traffic light is pictured beside the Wall Street road sign in the financial district of New York September 19, 2008. REUTERS/Lucas Jackson Corporate broking relationships are experiencing a shake-up this year as relative newcomers and smaller advisors look to grow by charming disillusioned clients from rivals.

Two fledgling European clearing houses, EMCF and EuroCCP, are in merger talks as they face the prospect of increasing competition from larger rivals, three industry sources with knowledge of the matter said.

India’s Hero Group will buy Honda Motor’s entire 26 percent stake in their Honda motorcycle venture Hero Honda Motors, paving the way for the Japanese firm to focus on its wholly-owned Indian unit.

Teen clothing retailer Aeropostale has hired Barclays Capital as a strategic adviser to shore up its takeover defenses in the event it got an approach from private equity firms, the New York Post reported.

The NYT’s “Deal Professor” weighs in on the Novartis/Alcon and the Dynegy/Icahn deals.

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see