M & A wrap: Deal trouble at Olympus
Olympus Corp head Tsuyoshi Kikukawa resigned after a scandal over hefty advisory fees wiped out half of the 92-year-old firm’s market value, but his successor stuck with the company’s line that it had done nothing wrong.
KKR plans to launch a new pan-Asia fund to raise up to $6 billion in the first quarter of 2012, two sources with knowledge of the matter told Reuters, underlining the global buyout industry’s bullish view on Asia’s economic growth.
Regulators are considering easing a proposed rule so that fewer hedge fund advisers would have to hand over troves of confidential data to the government, according to people familiar with the deliberations.
“Perhaps it is not Occupy Wall Street that the banks should fear, but their latest frothy financial product,” the NYT’s Deal Professor writes. Is the banking sector ripe for spinofffs?
Groupon’s IPO roadshow pitch is revving into high-gear this week. But CEO Andrew Mason and the rest of the crew might want to first convince its own clients of the company’s benefits, writes Alistair Barr.
For you morning distraction check out this Groupon IPO parody site.