A Facebook IPO is a few years off, Bank of America raises $13.47 billion in a share sale, GM’s bankruptcy plan envisages a quick sale to government, and more. Here are the latest deal-related stories:
And in the morning papers:
Global mining company Rio Tinto may replace the $7.2 billion convertible bond that is part of its tie-up with Chinalco with a capital raising underwritten by the Chinese firm, The Australian newspaper said. Reuters story here.
India’s Religare Enterprises and Australia’s Macquarie Group have jointly bid $500 million to buy AIG Investments, which manages $100 billion in client funds globally, according to The Times of India.
The British government will approve a Private Finance Initiative scheme to upgrade London’s M25 motorway, a project backed by 925 million pounds of bank loans and 200 million pounds of equity, The Times said.