Deals wrap: Seeking greener pastures
The usual flurry of brokerage firm traders seeking to join hedge funds after the payout of annual bonuses could be more of a blizzard this year, with compensation shrinking on Wall Street and a regulatory crackdown in the offing.
A break-up sale could be looming for niche auto designer and producer Pininfarina SpA, creator of almost every Ferrari sportscar since the early 1950s.
Expect to see bolt-on acquisitions in construction services and materials firms across Europe as the industry heats up.
The New York Mets hopes to sell a 25 percent stake by June to raise cash for a potential Bernard Madoff-related settlement, The Wall Street Journal reports.
“Smith & Nephew Plc, which gained 16 percent on takeover speculation, is still worth almost 60 percent more, or $15.6 billion, in an acquisition,” reports Bloomberg.
“Buffett’s rich because he thinks about businesses as businesses — commitments backed by people he trusts and people who trust him — not as tradable shares that can be bought or sold with abandon,” reports MSN Money.