Buyout firm Resolution raises its offer for UK insurer Friends Provident to about 2 billion pounds, and the two sides start talks about a possible deal.
The following are M&A related stories reported by Reuters and other media:
Lloyds Banking Group may consider a multi-billion pound share issue as part of a partial withdrawal from the government’s asset protection scheme, according to a report in the Sunday Times.
U.S. power producer Dynegy will sell nine U.S. power plants to its one-time development partner LS Power Associates, the Wall Street Journal says.
Japan’s largest chemicals firm Mitsubishi Chemical is in talks to buy resin maker Mitsubishi Rayon in a deal worth up to $2.1 billion, the Nikkei business daily says.
Financial services firm Edelweiss Capital is in talks with Japanese insurance group Tokio Marine for a possible joint venture in life insurance, a newspaper reported.