M & A wrap: Has Buffett run out of things to buy?
Warren Buffett’s conglomerate Berkshire Hathaway said it will launch a share buyback program, an extremely rare move from Buffett that comes after months of investor complaints that the stock was undervalued.
The London Metal Exchange has thrown open its doors to a potential $1.5 billion takeover and is considering a sale that might end the independence its chief executive previously said was not negotiable.
A move by Sinohydro, China’s largest builder of dams, to cut the size of an initial public offering in Shanghai bodes ill for other mainland IPOs in the pipeline as a deepening debt crisis in Europe rattles global markets.
“Netflix’s biggest slump in seven years is making the mail-order and streaming movie service a 57 percent cheaper takeover target for companies from Amazon.com to Google,” reports Bloomberg.
Daily deal website Groupon is committed to launching an initial public offering but the exact timing remains uncertain, the WSJ reported.