M & A wrap: Olympus scandal heats up
Former Olympus Corp CEO Michael Woodford said that Tokyo police were best able to get to the truth behind one of Japan’s biggest accounting scandals, as speculation mounts of possible links to organized crime.
AT&T was dealt a blow as the top U.S. communications regulator sought to have its planned $39 billion purchase of T-Mobile USA sent to an administrative law judge for review.
“Battered Chinese companies listed in the U.S. or Singapore could be a feast for M&A bankers who see opportunities for take-private deals,” reports the WSJ’s Deal Journal.
Hedge funds are having a rough year, but the money keeps rolling in, reports the NYT’s DealBook.
For your morning distraction, The Reformed Broker rants about how he finds time to blog.