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