Deals wrap: A second NYSE bidder?
Nasdaq OMX Group could launch a rival bid for NYSE Euronext to avoid being left on the sidelines, a source said.
The recent wave of exchange mergers marks an era of consolidation that will leave no more than four global trading firms in five years’ time, said Xavier Rolet, the chief executive of the London Stock Exchange.
Merger and acquisitions activity in the global mining sector is expected to accelerate in 2011, fueled by strong commodity prices and repaired balance sheets, Ernst & Young said.
Vietnam’s underperforming stock market has thrown the spotlight on investment opportunities in the country, where sectors from banking to retail to insurance are on the radar of private equity firms and fund investors with an appetite for frontier market risk.
Joseph H. Flom, a pioneering corporate lawyer who helped build Skadden, Arps, Slate, Meagher & Flom into one of the nation’s leading law firms, died on Wednesday morning in Manhattan, reports the New York Times.