Deals wrap: SABMiller ready for another round?

June 21, 2011

SAB Miller said it would keep talking to Foster’s Group after Australia’s largest brewer rejected the global giant’s $10.1 billion cash takeover offer as too low.

Research In Motion has lost so much value that an acquirer could pay a 50 percent premium and still buy the BlackBerry maker for a lower multiple than any company in the industry, Bloomberg reports.

Rather than moan about Groupon’s inability to say anything in the quiet period, CEO Andrew Mason should enjoy it while it lasts, writes Felix Salmon.

Encana Corp called off a proposed C$5.4 billion deal with PetroChina to sell half of its holdings in a prolific shale gas region of northeastern British Columbia to the Chinese company and said it will seek new partners. The shale deal, seen as a positive for Encana, failed as the companies did not agree on the terms of the transaction.

The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland’s “So-Lo-Mo” and luxury e-commerce sectors.



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