Deals wrap: Splitting Kraft
Kraft said it would split itself into two listed companies, a global snacks business and a North American grocery business, and raised its full-year outlook on better-than-expected quarterly results.
Hitachi and Mitsubishi Heavy Industries have begun talks on what would be Japan’s biggest domestic merger, three sources said, heralding a long awaited shake-up of the nation’s industrial behemoths. Japan Real Time reports on the clumsy merger kabuki which followed a leak to local media.
When Goldman Sachs executed a $479 million block share sale in ICBC this week to help American Express hedge its position in the Chinese lender, it underscored the sensitivities and challenges of dealmaking in China.
Carl Icahn’s $10.7 billion bid for Clorox has rekindled the debate about his investment style, responsibility and impact on other stakeholders — does he keep corporate America honest or is he in it for a quick profit?
Groupon and LivingSocial are leading a virtual land grab in the world of online coupons. The NYT’s DealBook looks into the industry’s business model. A Bloomberg column weighs in on a Groupon metric called “adjusted consolidated segment operating income.”
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