Auto partners Renault and Nissan are in the final stages of talks with Daimler to obtain symbolic stakes in each other as they look to share technology amid intensify competition, according to reports. For the Reuters story click here.
Canada’s largest pension plan, the Ontario Teachers’ Pension Plan, is buying Camelot, the British national lottery operator, for 389 million pounds. It saw off rival bidder CVC.
In other M&A and corporate finance news reported by Reuters and other media:
South Korea’s top insurer Samsung Life is expected to raise an estimated $4.7 billion in its upcoming initial public offering, the country’s biggest share float, after a major shareholder group agreed to sell the bulk of their holdings in the offering.
U.S. private equity firm The Gores Group is mulling a merger between its unit Siemens Enterprise Communications and videoconferencing company Polycom Inc, the Financial Times says, citing people familiar with the situation.
UK hedge fund Man Group sounds out investors in U.S. about deals to expand there, the FT says.