DealZone

Deals du Jour

British bank Barclays said it would sell its BGI investment arm to U.S. firm BlackRock for $13.5 billion, creating the world’s biggest asset manager. For today’s headlines, click here.

And in the media:

* Malaysian gaming group Genting is in partnership talks with U.S. casino operator MGM Mirage, the Wall Street Journal reported. 

* British boiler maker Baxi is close to agreeing a 1.7 billion euros ($2.4 billion) merger with smaller Dutch rival De Dietrich Remeha Group, the Financial Times reported. 

* China will resume initial public offerings on its stock exchanges before launching a Nasdaq-style second board for start-up companies, official media reported, citing a senior securities regulator. 

* Diversified U.S. manufacturer Honeywell International Inc was looking out for takeovers but thought deals were too expensive as valuations did still not reflect the true nature of the market, its chief executive told the Financial Times.

Deals du Jour

Australian miner OZ Minerals said its shareholders approved the sweetened $1.4 billion deal by  Chinese state-owned Minmetals’ to buy most of the indebted miner’s assets. For today’s headlines, click here.

And in the newspapers:

* Turquoise, the European equity system owned by nine investment banks, was forced to close on Wednesday morning because of a technical problem, Financial News said.

* The New York Times Co has hired Goldman Sachs to manage the possible sale of The Boston Globe, and plans to request bids in the next couple of weeks, The Boston Globe reported.

Deals du Jour

U.S. money manager BlackRock is set to buy Barclays Global Investors (BGI) for between $12 billion and $13 billion, people familiar with the matter told Reuters. The deal, which could come today, would create a global asset manager twice the size of its nearest rival. For today’s headlines, click here.

And in the newspapers:

* Australian bank Macquarie may trump a Chinese bid for assets of debt-laden miner OZ Minerals, the Australian Financial Review said, which could stoke further anger in China after its massive deal with Rio Tinto collapsed last week.

* The chief executive of German retailer Metro is already sounding out foreign investors to buy the combined department store group it hopes to create with the Karstadt chain, Handelsblatt paper reported, citing investment bank sources.