Unstructured Finance

Deals wrap: Nokia rumors but no suitors

June 9, 2011

Nokia’s plunging share price and persistent speculation it might be a takeover target is far from attracting real suitors interested in saving the struggling mobile phone company, write Victoria Howley and Tarmo Virki.

General Motors is considering putting Opel up for sale again as management is losing confidence that the European arm will return to profitability, two German magazines reported.  Here’s a timeline of the twists and turns in Opel’s ownership.

Former BP  boss Tony Hayward and financier Nathaniel Rothschild aim to raise around $1.6 billion with a June listing of an acquisition vehicle that will target oil assets.

Samsonite, the world’s biggest luggage maker, narrowed the indicative price range of its Hong Kong initial public offer, the latest sign of weak investor appetite for richly-priced deals.

“While a handful of initial public offerings are hitting the market with a pop, many are landing with a thud,” reports the NYT’s DealBook.

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