M & A wrap: What’s Buffett saying about the price of stocks?
“Warren Buffett’s determination that Berkshire Hathaway shares are cheap enough to buy back may mean the Standard & Poor’s 500 Index is also a bargain,” reports Bloomberg.
London Stock Exchange head Xavier Rolet has won the backing of LCH.Clearnet’s board for his planned $1.3 billion takeover of Europe’s largest independent clearing house, a source familiar with the situation said.
In the year since United Airlines and Continental Airlines merged business has been surprisingly rosy. But things may become difficult in the coming months as the new United tries to clear three tall hurdles: new labor contracts, a new reservations system and government approvals, reports the WSJ.