DealZone

M & A wrap: Exchange merger

November 22, 2011

The Tokyo Stock Exchange will take over its smaller rival in Osaka in 2013 to create the world’s third-biggest bourse, aiming to build scale to cope with a weak home market and compete with a flurry of global tie-ups.

KKR and Japanese trading house Itochu Corp have joined forces in a roughly $7 billion bid for U.S. oil and gas group Samson Investment, in a rare link-up between a major private equity firm and a Japanese company.

Shanda Interactive  said it agreed to be taken private by a group led by its Chief Executive Tianqiao Chen and his family in a deal that values the Chinese Internet firm at $2.3 billion.

“Vodafone Group PLC’s India unit continues to consider an initial share sale and is also open to mergers and acquisitions in the country despite facing regulatory headwinds and a potential tax liability,” reports the WSJ.

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