DealZone

M & A wrap: Regulating foreign defense M&A

September 9, 2011

U.S. regulators are increasingly taking a tougher stand on foreign takeovers in the defense sector to protect technology designed to deal with the growing and unseen threats of the cyber age, senior industry dealmakers said at the Reuters Aerospace and Defense Summit this week.

Ticonderoga Securities cut boutique investment bank Lazard to “neutral” from “buy,” saying U.S. and European debt concerns and tougher regulation of large deals would hurt recovery in merger activity.

Shares of Volkswagen and Porsche slipped on Friday, as the automakers’ merger plans faced difficulties, reports DealBook.

The Atlantic delves into what a Bank of America breakup would look like.

“Deutsche Telekom and AT&T have vowed to fight together in court to rescue a $39 billion sale of T-Mobile USA. That display of unity masks their divergent interests should those efforts fail,” reports Bloomberg.

“The Google Zagat acquisition has to be blocked, reversed, annulled, undone, or whatever the right word is, to protect consumers, to protect restaurant owners, and to protect competitors,” writes Business Insider contributor Eric Clemons.

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