Talks to sell the storied Chicago Cubs baseball team reopen with a rival bidding group; the sale of Bernard Madoff’s former securities-trading unit is finalized; possible hurdles to EMC’s bid for Data Domain — for all the latest deals news from Reuters, click here.
And in the papers (some external links may require subscriptions):
Glencore International AG, the Swiss-based commodities trader founded by Marc Rich to become one of the world’s biggest private companies, is considering a stock market listing, the Financial Times reported. Reuters story here.
Bank of America Corp Chief Executive Ken Lewis was approached by three former Merrill Lynch executives this year to discuss buying back some or all of their old company, but he politely rebuffed them, the Financial Times reported.
Lenders to Four Seasons Healthcare, the heavily indebted care homes group, are considering a last-ditch plan for a restructuring that would about halve its 1.5 billion pound debt. If there is no agreement, the company will be sold, the FT reported.
Prudential is expected to confirm it has offloaded its Taiwanese agency business after the life and pensions group received regulatory approval for the transfer to China Life this week, the FT reported.