Deals wrap: NYSE deal inches forward

July 7, 2011

The NYSE moved closer to ceding control to a German company after investors threw their support behind a $9.4 billion takeover by Deutsche Boerse. Now the deal’s fate lies across the Atlantic, where the transaction requires approval from 75 percent of Deutsche Boerse shareholders by Wednesday of next week and then must survive a thorny European Commission antitrust review that could run through the rest of the year.

Charter International, a UK-based industrial tools maker which last week rejected a $2 billion approach, is likely to be targeted by U.S. rivals attracted by the prospect of its welding tools business, the world’s second-largest.

Live Nation Entertainment, the world’s largest concert and promotions business, would benefit from being taken private, according to the company’s largest shareholder.

A century ago, it was the explorers and infantrymen of Europe’s great powers slugging it out for slices of Africa. Now, it is the agents of Chinese and Brazilian capital, but the competition is just as fierce, reports Ed Cropley.

DealBook tracks the new startups at Sun Valley.

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