M & A wrap: The chess moves that entrepreneurs make

November 16, 2011

“Decisions that entrepreneurs make early in terms of financing can affect how much money they will reap later. We need only to compare the I.P.O.’s of Groupon, Zynga and Angie’s List,” writes the NYT’s Deal Professor.

Nikko Asset Management plans to list its shares through a 45.5 billion yen ($590 million) initial public offering on the Tokyo Stock Exchange, in what will likely be Japan’s second-biggest IPO this year.

“Thomas H. Lee Partners LP is among private-equity firms that submitted bids for GlaxoSmithKline’s consumer-health assets, while Sanofi SA remains interested in some brands,” Bloomberg reports.

The trustee overseeing the bankruptcy of MF Global filed for permission to release 60 percent of the near $900 million in client cash that has been frozen at the commodity brokerage for more than two weeks.

The Street makes a case for selling Berkshire Hathaway shares.

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