M & A wrap: Stalking Dexia

October 18, 2011

Qatar National Bank, the Gulf state’s largest lender, is eyeing Denizbank, the fast-growing Turkish arm of euro zone debt casualty Dexia, in a deal potentially worth up to $6 billion.

Deutsche Lufthansa may have to break up its British bmi unit to sell the underperforming carrier, as larger airlines eye its access at Heathrow airport and smaller players look to pick off its budget and regional operations.

The NYT’s DealBook digs into the red flags surrounding Groupon and asks the questions: “How did so many Wall Street firms desperate to underwrite the Groupon I.P.O. miss the warning signs when pitching such a sky-high valuation? Or did they just turn a blind eye?”

Sears is allowing competitors to sell its Craftsman, DieHard batteries and possibly Kenmore brands, which may bump short-term earnings. “But critics worry that it could, in the end, just be digging the once omnipresent retailer a deeper grave,” reports Fortune.


No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/