Unstructured Finance

Deals wrap: Poised to go hostile

April 29, 2011

Nasdaq OMX and IntercontinentalExchange are poised to go hostile in their bid for NYSE Euronext after shareholders ratcheted up pressure on the Big Board parent to get a better deal.

Deals wrap: Facebook investors look for exits

April 28, 2011

A group of Facebook shareholders is seeking to offload $1 billion worth of shares on the secondary market, a sale that would value the company at more than $70 billion, according to sources. It would represent one of the largest transactions of Facebook shares to date and points to a growing wariness among early-stage investors and employees who fear the social networking service’s growth cannot keep pace with its market valuation.

Deals wrap: J&J’s $21.6 billion orthopedic buy

April 27, 2011

A general view shows Swiss medical devices maker Synthes' headquarters in Oberdorf, April 25, 2011. Reuters/Christian Hartmann

Look at the whites of his eyes, and of his hair

April 27, 2011

Maurice Chevalier once observed that “old age isn’t so bad when you consider the alternative.” This may be apt for an entertainer, but does it have any relevance for fund management? Do grey hairs actually improve performance?

Deals wrap: Lactalis Parmalat bid leaving sour taste in Italy

April 26, 2011

French dairy giant Lactalis launched a $4.9 billion offer to take over Italy’s Parmalat, prompting intervention by Italy and France to defuse a row over control of the Italian company. The bid comes just hours ahead of a meeting between Italy’s Prime Minister Silvio Berlusconi and French president Nicolas Sarkozy where the Italian government has expressed worries about French moves on Italian companies. Europe’s biggest dairy group bought 29 percent of Parmalat in March which sparked alarm in Rome.

Deals wrap: Barrick strikes deal for Equinox

April 25, 2011

Barrick Gold said it will acquire Australia’s Equinox Minerals for more than C$7 billion ($7.36 billion), topping an offer by China’s Minmetals Resources. Barrick said it has committed cash and financing in place for the transaction.

Deals wrap: Fiat speeds toward control of Chrysler

April 21, 2011

A new model of the Fiat 500 is pictured on display at the launch of Chrysler's flagship showroom in Los Angeles November 16, 2010. REUTERS/Mario Anzuoni Fiat will pump another $1.3 billion into Chrysler this quarter as it moves closer to its target of owning a controlling stake in the U.S. automaker. The deal will take Fiat’s holding in the company to 46 percent, just 5 percent shy of the 51 percent it needs to assume full control.

Deals wrap: AES powers up in U.S. midwest

April 20, 2011

An electric tower is shown in this file photo. REUTERS/Francesco SpotornoMore consolidation is on the way in the power industry as global power provider AES is buying smaller Ohio-based rival DPL for $3.5 billion. The acquisition will help the company beef up its regulated power business that tends to provide steady returns even during tough market conditions.