American International Group could learn the fate of the stalled $2.2 billion sale of its Taiwan unit Nan Shan Life Insurance as early as Thursday, when Taiwan’s parliament will review a report on the deal from the top financial regulator. Read the Reuters story here.
A clutch of private equity firms have bid up to 400 million pounds for British greetings card retailer Card Factory, sources familiar with the process told Reuters. Here is the story.
And in news reported by other media on Wednesday:
Barclays is looking to buy a retail bank in the US to extend its presence after buying Lehman Brothers, reports the Wall Street Journal. Barclays is not in talks and no deals are imminent, but has designated an internal team to assess possible targets.
Brazilian iron ore miner Ferrous Resources has revived plans for a $3 billion to $4 billion initial public offering in London, according to the Financial Times. The company could come to market as early as May and the Board will meet on Friday to start deciding whether to proceed with an IPO this summer.