M & A wrap: D.Boerse, NYSE mull spin-off
Deutsche Boerse and NYSE could spin off parts of their derivatives arms to create a third-party competitor as a way to allay anti-trust concerns about their $9 billion merger, two sources told Reuters.
J.C. Penney bought a 16.6 percent stake in Martha Stewart Living Omnimedia Inc in a $38.5 million deal.
Banks want regulators to give them more time to liquidate investments in certain private equity funds under the Volcker rule, arguing that without more leeway they will have to hold “fire sales.”
Yahoo has requested more information and better terms from potential buyers of a minority stake in the company as the board weighs various proposals at hand, the WSJ reports.
Bloomberg reports Jive Software, a social-networking software maker, has every reason to lift its initial public offering price after billion-dollar cloud-computing acquisitions led by SAP AG and Oracle Corp.


