DealZone

Pension funds and endowments are sending hedge fund managers a friendly message – let us sit in the front seat with you, please. A 42-page long guide now offers detailed suggestions on how hedge funds should be managed. Download the PDF format guide here.

Chemicals maker Ashland said it will buy International Specialty Products for about $3.2 billion in cash to expand in high-growth markets such as personal care, pharmaceutical and energy.

South Africa approved Wal-Mart’s $2.4 billion bid for local retailer Massmart without conditions that could have jeopardized the deal, opening the door for the U.S. giant to expand into fast-growing Africa.

“Opposition is steadily growing to AT&T Inc.’s proposed $39 billion takeover of T-Mobile USA, as competitors, state regulators and elected officials have come out in recent days expressing concerns about the acquisition from Deutsche Telekom AG,” reports the Wall Street Journal.

Luggage maker Samsonite, backed by private equity firm CVC Capital Partners, moved closer to a $1.5 billion Hong Kong IPO, setting an indicative range for the deal as it bet on booming Asian demand.

A Forbes blog looks into how Yahoo CEO Carol Bartz is performing.