Deals wrap: Hon Hai and the LCD crown
A spokesman for Taiwan’s Hon Hai said he had not heard about a deal reported by the Nikkei newspaper that would see the manufacturer of Apple’s iPhone and iPad become the world’s top-ranked maker of small and medium sized LCDs in a majority stake, $1.2 billion buy of a Hitachi display unit.
Spanish construction group ACS has moved closer to control of German bid target Hochtief.
After a year in which most U.S. IPOs clocked in at less than $200 million, investors can expect a larger slate of billion-plus offerings in 2011, writes WSJ’s Lynn Cowan.
The NYT’s Stephen J. Lubben writes a less obvious reason for the decline in Chapter 11 filings may hinge on changes in the capital structures of distressed firms.