Unstructured Finance

M & A wrap: An offer for Yahoo

November 30, 2011

“A group of investors led by private- equity firm Silver Lake offered to buy a minority stake in Yahoo! Inc. for about $16.60 a share,” Bloomberg reports.

M & A wrap: American Airlines files for Chapter 11

November 29, 2011

American Airlines and its parent company AMR Corp filed for bankruptcy after failing to win a labor deal with pilots and suffering from mounting fuel costs.

M & A wrap: Tepco sheds assets

November 28, 2011

Mobile carrier KDDI Corp said it would sell up to $2.6 billion of convertible bonds and use the money to buy back its own shares from Tokyo Electric. Tokyo Electric is selling off assets under a restructuring plan to raise funds to compensate victims of the Fukushima crisis.

MF Global a month later and still a mystery

November 27, 2011

By Matthew Goldstein

It’s been about a month since MF Global began spiraling towards bankruptcy and still there’s no clarity about what happened to the missing customer money that was supposed to be kept in untouchable, segregated accounts. It’s not even clear how much money is missing.

M & A wrap: T-Mobile deal on the rocks?

November 25, 2011

AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators. If the deal collapses, Deutsche Telekom may be forced to sell assets closer to home and take a knife to its cost base, reports Victoria Howley and Georgina Prodhan.

M & A wrap: Olympus scandal heats up

November 23, 2011

Former Olympus Corp CEO Michael Woodford said that Tokyo police were best able to get to the truth behind one of Japan’s biggest accounting scandals, as speculation mounts of possible links to organized crime.

LIVE BLOG: Sensex, Nifty plunge to 2011 lows

November 23, 2011

The BSE Sensex and Nifty plunged to fresh 2011 lows in Wednesday trade, a day before the expiry of derivatives contracts, amid renewed worries about faltering global growth.

M & A wrap: Exchange merger

November 22, 2011

The Tokyo Stock Exchange will take over its smaller rival in Osaka in 2013 to create the world’s third-biggest bourse, aiming to build scale to cope with a weak home market and compete with a flurry of global tie-ups.

M & A wrap: Merger Monday

November 21, 2011

Gilead Sciences struck a deal to buy Pharmasset for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio.

Tyrone Gilliams keeps going and going despite charges

November 19, 2011

By Matthew Goldstein

It’s been an eventful month for hip-hop promoter and commodities trader Tyrone Gilliams, the man federal authorities allege defrauded investors out of at least $5 million.