M & A wrap: NYSE-Deutsche Boerse deal faces tough vote

January 24, 2012

NYSE Euronext and Deutsche Boerse are unlikely to garner enough support from European Union commissioners to overturn a looming veto over their plan to create the world’s largest exchange, Bloomberg says, citing four people familiar with the situation.

Here are the various options open to Deutsche Boerse and NYSE Euronext ahead of the Commission’s decision.

SPX Corp plans to sell its automotive service business to Germany’s Robert Bosch GmbH for $1.15 billion in cash as the diversified U.S. manufacturer looks to focus on its fast-growing flow technology segment.

The new chief executive at Research In Motion dismissed talk of drastic change at the BlackBerry maker. “I don’t think that there is some drastic change needed. We are evolving … but this is not a seismic change,” said Thorsten Heins, who took the helm at a once-dominant smartphone company that now struggles to compete. But impatient investors say Heins has only 12 to 18 months to turn RIM around.

Oil and gas deal-making is on fire so far this year, leading all sectors as a target for mergers and acquisitions, Deal Journal quoted Dealogic as saying.

Japan’s Elpida Memory is in talks to merge with Micron Technology and Taiwan’s Nanya Technology, the Yomiuri newspaper reported, as the memory chip makers battle a weak market and well-funded South Korean rivals.

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