Deals wrap: What’s going on at Kraft?
Kraft’s split is the latest in what is shaping up to be the year of the spin-off, and multiplying banker fees.
The crumbling of mega-merger talks between Japanese industrial behemoths Hitachi and Mitsubishi Heavy Industries threatens a rare opportunity for Japan to improve its global competitiveness by consolidating century-old companies.
Investors in Ralcorp Holdings, who have pushed up the stock price on hopes of a deal, may have overreached as twice-rebuffed suitor ConAgra Foods looks increasingly unlikely to sweeten its $86 a share takeover bid.
Big-name hedge funds such as Brevan Howard, Man Group’s AHL and Winton are making money for investors despite Europe’s deepening debt crisis which has plunged global financial markets into turmoil.
China Everbright Bank delayed a planned Hong Kong share offering of up to $6 billion, sources said, the latest casualty from a rout on global equity markets.