M & A wrap: Carlyle steps up

September 6, 2011

Carlyle Group filed for a $100 million offering for its common units, making it the latest private equity group to list on public markets.

It’s been a rough summer for U.S. initial public offerings after the stock market nosedived, but tech issues could see strong demand after bankers and fund managers return from vacation in September, reports Clare Baldwin.

International Paper won its bid for rival packaging producer Temple Inland. The company raised its bid 5 percent to $32 per share, roughly $3.7 billion, to convince a skeptical Temple board.

“Another wave of Chinese acquisitions is expected soon as the Asian superpower seeks to diversify investments beyond the underperforming greenback, and as share price falls translate to cheaper purchases,” reports The Australian.

Moving on the T-Mobile debate:

Deutsche Telekom AG could miss out on a multi-billion dollar break fee if regulatory hurdles cause the failure of its $39 billion deal to sell T-Mobile USA to AT&T, a person familiar with the matter said.

“If there are conditions to be attached to the transaction, we will work on the matter together with AT&T,” Deutsche Telekom spokesman Philipp Kornstaedt told Bloomberg.

“The government’s antitrust lawsuit is bad news for AT&T, but it’s potentially disastrous for T-Mobile,” reports CNNMoney.



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