DealZone

Deals wrap: Whopper deal sealed

Burger King signs at a restaurant in Annandale, VA, August 24, 2010. REUTERS/Kevin Lamarque  Burger King agreed to be bought by investment firm 3G Capital for $3.26 billion. The deal represents a 46 percent premium to Burger King’s share price before news of the deal talks emerged on Wednesday. *View article *View WSJ article on how tasty a Burger King deal is

Hewlett-Packard raised its offer by $3 to $33 per share for 3Par. Shortly after, Dell announced it is bowing out of the bidding war for the data storage company. *View article

China is stepping up attempts to hamper BHP Billiton’s $39 billion hostile offer for Potash Corp, amid worries about future supplies of fertilizer it needs to rapidly boost food production. There is a report that China’s state-run Sinochem has hired HSBC to advise it on options and another which says China is considering launching an anti-monopoly investigation into the deal. *View article *View factbox on Potash supply and demand

Worldwide M&A volume last month was the largest in over a year. Get a snapshot of the deal activity in this PDF.

from Breakingviews:

Reheating Burger King won’t be another LBO whopper

It's easy to see why private equity firms might salivate at the prospect of another bite at Burger King. The fast-food chain has made a fortune for a trio of buyout barons who acquired the company in 2002 and flipped it onto public markets four years later. But Burger King won't be another LBO whopper.

Back then, nobody wanted Burger King. The business was in the hands of Diageo, the booze behemoth desperate to divest itself of any assets that couldn't be consumed at a cocktail party. Not only did it have to cut the price from $2.3 billion to $1.5 billion, it guaranteed all the buyout's debt at advantageous rates.

Diageo's backing allowed TPG, Bain and Goldman Sachs to buy Burger King with just a sliver of equity -- only 14 percent of the purchase price, or $210 million. Though they've since sold off chunks of their stake and harvested dividends from Burger King, they are still sitting on stock worth nearly four times the entire original investment.

Deals wrap: Mulling a Whopper of a deal

A meal is pictured at a Burger King at a restaurant in Annandale, VA, August 24, 2010.  REUTERS/Kevin Lamarque  Burger King,which has underperformed rivals and has forecast weak demand, is considering a sale, a source familiar with the situation said. One potentially interested party is 3i Group, a source told Reuters.  *View article

August’s unseasonable burst of dealmaking — the busiest in over a decade — could herald a wider rebound in M&A for the remainder of the year as low interest rates, record cash piles and low stock-market values encourage chief executives to strike deals. *View article *View Seeking Alpha article on how the deals boom means trouble ahead

Regulators did not grant Lehman Brothers the same assistance as its competitors and thereby aggravated the global crisis, former Lehman Chief Executive Dick Fuld will tell a “too big to fail” commission. *View article *Full coverage