Deals wrap: Strong reception for GM
General Motors raised the common stock portion of its initial public offering by 31 percent, putting the deal on track to raise as much as $22.7 billion. For details on GM’s IPO click here. The NYT reports the IPO does not mark the end of the bailout era and the WSJ takes a look at the numbers behind GM’s valuation.
Britain’s Diageo is poised to be the leader in a race for Fortune Brands’ $8 billion plus Jim Beam spirits business if the U.S. conglomerate is pressed into breaking itself up.
Shares in Actelion soared on reports that the world’s largest biotech firm Amgen is studying a takeover offer for the Swiss drugmaker.