Deals wrap: Interest in Borders
Private equity firm Gores Group is in talks to buy more than half of bankrupt bookseller Borders Group’s remaining stores, the Wall Street Journal reports, citing people familiar with the matter.
The Malaysian capital of Kuala Lumpur is shaping up as a hot, if somewhat unlikely, deal-making destination this summer, with investment bankers jostling for at least four plum advisory roles.
The NYT’s DealBook details the high price whistle-blowers pay for telling the truth.
Lloyds’s plan to offload 600 branches to satisfy regulatory concerns may be stymied by a call from a government panel to divest more. Many analysts and fund managers feel streetwise bidders may bide their time and wait for the final report from the Independent Commission on Banking in September, which should clarify thinking on Lloyds’ market clout.