Unstructured Finance

M & A wrap: Bidders emerge for HSBC unit

September 29, 2011

European insurers Allianz and AXA are among the potential bidders for HSBC’s sale of its general insurance business, which could fetch more than $1 billion, sources said.

M & A wrap: China’s grim IPO market

September 28, 2011

Weak pricing for Citic Securities’ Hong Kong share sale and a soft Shanghai debut for Great Wall Motor showed greater China’s IPO markets, while still open, are buckling in the face of economic uncertainty and hefty supply.

M & A wrap: What’s Buffett saying about the price of stocks?

September 27, 2011

“Warren Buffett’s determination that Berkshire Hathaway shares are cheap enough to buy back may mean the Standard & Poor’s 500 Index is also a bargain,” reports Bloomberg.

M & A wrap: Has Buffett run out of things to buy?

September 26, 2011

Warren Buffett’s conglomerate Berkshire Hathaway said it will launch a share buyback program, an extremely rare move from Buffett that comes after months of investor complaints that the stock was undervalued.

M & A wrap: Deal activity slows

September 23, 2011

Mergers and acquisitions slowed significantly in the third quarter, stymied by economic uncertainty that stifled the confidence and growth horizons of corporate executives, according to Wall Street dealmakers. Go to the Global Deals Review: Q3 2011 page for full coverage.

M & A wrap: Dream team hired to save T-Mobile deal

September 22, 2011

AT&T, Deutsche Telekom and T-Mobile USA have amassed an army of former senior government antitrust officials to try to save their $39 billion deal to combine wireless businesses.

Envy, desire and basis points

September 21, 2011

I would like to tell you a story. It’s one about the tempestuous relationship between fund managers and their investors, a tale of envy, desire and basis point negotiations. You may have spotted by now that this is not the plot for this season’s latest blockbuster.

Luke Ellis: 2011 volatility is no repeat of hedge funds’ tough 2008

September 21, 2011

Guest blogger Luke Ellis is head of the multi-manager business at Man Group, the world’s largest listed hedge fund manager.

M & A wrap: SABMiller seals Foster’s deal

September 21, 2011

SABMiller agreed to buy Foster’s for an increased price of A$5.10 a share valuing the Australian beermaker at $10.2 billion and putting SABMiller at the head of Australia’s beer market.

M & A wrap: Stepping into China

September 20, 2011

Private equity firms, like Richard Ong’s RRJ Capital, are stepping into China where hedge funds once roamed, pursuing deals that look more like short term financing than long term growth bets.