Hong Kong Exchanges and Clearing Ltd may knock on the doors of the Nasdaq or Chicago’s CBOE as the stock exchange operator eyes a partner amid the politically-sensitive merger activity engulfing the sector.
The departure of L’Oreal Chairman Lindsay Owen-Jones may bring the cosmetics giant one step closer to buying a direct sales company. Some executives and bankers have long held a view that L’Oreal should get into direct sales to boost its penetration of emerging markets where make-up and creams are still sold door-to-door.
Multi-billion dollar deals are back in the headlines and and investors are onboard, the Wall Street Journal reports.
Pipeline company Kinder Morgan sold more shares and priced them above the expected range, an underwriter said, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998. The Wall Street Journal reports on who is getting rich for the deal.
“These days ‘caveat emptor’ — let the buyer beware — is staging a comeback,” reports The New York Times.