Unstructured Finance

Deals wrap: RBC offloads U.S. assets

June 20, 2011

PNC Financial Services Group will buy Royal Bank of Canada’s U.S. retail bank operations for $3.45 billion in cash and stock, making it the fifth largest bank in the United States. The WSJ gets some early reaction to the deal.

Deals wrap: Capital One to buy ING’s U.S. online bank

June 17, 2011

Capital One plans to buy ING’s U.S. online bank for $9 billion in cash and stock, freeing the Dutch bank to repay bailout funds and sever its state ties.

Deals wrap: Cooling off on IPOs

June 16, 2011

Samsonite, the world’s biggest luggage maker, dropped 7.7 percent in its Hong Kong trading debut on Thursday, underscoring tepid investor appetite for initial public offerings as global markets struggle.

Bankex falls ahead of RBI policy review

June 15, 2011

Banking shares fell on Wednesday ahead of the RBI’s policy review, with the sectoral index falling 1.6 percent.

Deals wrap: On to the next tech IPO

June 15, 2011

Online radio company Pandora Media priced shares in its initial public offering above an already raised range on Tuesday, the latest company to take advantage of red-hot valuations for Internet companies. Deal Journal breaks down the company by the numbers.

Tata Motors shares fall nearly 3 pct

June 14, 2011

Shares in Tata Motors ended down 2.84 percent on Tuesday and closed at 984 rupees.

Deals wrap: Ericsson to buy Telcordia

June 14, 2011

Mobile network equipment maker Ericsson said it would spend $1.15 billion in cash to buy U.S. group Telcordia to boost its presence in the operations and business support sector.

Deals wrap: Timberland shares jump

June 13, 2011

VF Corp, owner of clothing brands such as The North Face and Wrangler jeans, said it would buy Timberland for $2 billion. The deal values the shoemaker at $43 a share, a 43 percent premium to Friday’s closing price of $29.99 on the New York Stock Exchange.