Deals wrap: Dai-ichi’s $1.2 billion deal

December 28, 2010

A man walks past the sign of Dai-ichi Mutual Life Insurance at its headquarters in Tokyo March 19, 2010. REUTERS/Kim Kyung-HoonDai-ichi Life Insurance Co will take full control of Tower Australia Group Ltd for $1.2 billion in cash, the latest in overseas acquisitions by Japanese insurers keen to move away from a stagnant home market.

ChemChina plans to buy 60 percent of Israel’s MA Industries in China’s latest move to expand in the global agricultural chemicals market.

The red-hot trading market that has developed in the shares of privately held stocks has drawn the attention of the SEC, writes the NYT’s Peter Latman.

NTR’s Tessera Solar has suffered a major setback with the loss of a 663.5-megawatt power purchase agreement with utility Southern California Edison for its Calico solar power plant project, writes Todd Woody.

Stronger regional currencies may drive an M&A revival, writes Chana R. Schoenberger from the Dow Jones Newswires.

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