Bonus watch: Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.
UK fund manager Gartmore has lowered price guidance on its initial public offer (IPO) and restructured the deal after investors balked at the valuation, a banking source close to the sale says.
Swedish private equity firm EQT says it, together with the Singapore government, will buy scientific journal publisher Springer Science and Business Media for an undisclosed sum. EQT’s purchase of Springer, from rivals Candover and Cinven, was first reported by Reuters on Wednesday. (See some of the articles Springer has published by Nobel Prize winners here.)
French bank Societe Generale says it is close to reaching a definitive deal with rival Dexia over buying Dexia’s 20 percent stake in Credit du Nord to give SocGen full control.
Oracle Corp’s customers tell concerned European Union regulators the U.S. software company’s $7 billion deal to buy Sun Microsystems Inc will not curtail competition in the database market.