Deals wrap: China’s shortcut to Wall Street
A examination of a cross-section of 122 Chinese reverse mergers on U.S. markets found that between each stock’s peak trading price and July 10, 2011, those companies saw a total of $18 billion of their market capitalization vanish. Reuters is exploring the extent and impact of corporate secrecy in the United States in a series of articles.
Expect more hostile deals in resources as cashed-up miners turn desperate to snare targets, deal advisers say, following Peabody Energy and ArcelorMittal’s change of tack this week on their $5.3 billion bid for Macarthur Coal.
Private equity and venture capital-backed initial public offerings in Asia have surged 77 percent in the year to date to the highest level ever, according to the latest Thomson Reuters data, as funds look to show returns to investors ahead of new fundraisings.
Bids for EMI suggest that the British music company could fetch more than $4 billion, the Financial Times reports.
The chairman of the House of Representatives Judiciary Committee, urged the federal government to resist one-sided calls to block AT&T Inc’s $39 billion plan to buy wireless rival T-Mobile USA.
Dunkin Brands, whose shares gained 47 percent on the company’s market debut last month, expects to raise prices to counter high commodity costs.


