Deals wrap: Waiting for a hostile bid
The head of TMX Group said on Friday a hostile bid could come “any day now,” as a consortium of banks and pension funds prepares to take their approximately $3.7 billion offer for the Canadian exchange operator straight to its shareholders.
Live Nation Entertainment is in talks with its largest shareholder Liberty Media on taking the concert promoter and ticketing company private, the New York Post reported, citing sources familiar with the matter.
Nokia said it was still in talks with “multiple parties” about its stake in Nokia Siemens Networks, after a report that U.S. private equity firms had backed away from bidding for a majority stake.
Samsonite International, the world’s biggest luggage maker, raised $1.25 billion after pricing its Hong Kong IPO at the bottom of a revised price range as weak global markets sapped investor demand.
Japanese companies from eye shadow makers to insurers are stepping up the pace of their overseas expansion as the devastating March 11 earthquake provides another spur to escape their moribund domestic economy.
The WSJ’s Deal Journal asks, Is the IPO market hot, or not?
Muddy Waters Research is a thorn to some Chinese companies, reports the NYT’s DealBook. Reuters looks at Glencore’s chairman, Simon Murray, who is caught up in Sino-Forest saga.


