Unstructured Finance

M & A wrap: S&P chief downgraded

August 23, 2011

The chief of Standard & Poor’s will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.

Deals wrap: M&A not immune to Euro crisis

August 12, 2011

Shadows that started to fall over the pitch books of European dealmakers in the second quarter are darkening, threatening to rob banks of a few billion dollars in potential M&A fees.

Deals wrap: Yahoo, Softbank reach pact over Alibaba’s Alipay

July 29, 2011

After months of intense negotiations, China’s Alibaba Group said it has reached an agreement with Yahoo and Softbank that promises the e-commerce giant could receive up to $6 billion from an IPO or liquidation of its e-payment unit, Alipay.

Deals wrap: SABMiller ready for another round?

June 21, 2011

SAB Miller said it would keep talking to Foster’s Group after Australia’s largest brewer rejected the global giant’s $10.1 billion cash takeover offer as too low.

Deals wrap: Groupon’s new deal, a $25 billion IPO

March 17, 2011

An online coupon sent via email from Groupon is pictured on a laptop screen November 29, 2010 in Los Angeles. REUTERS/Fred Prouser

Daily deals website Groupon, which last year turned down a $6 billion bid from Google, has held talks with banks about an initial public offering that would value the company as high as $25 billion, according to Bloomberg.

Deals wrap: Pfizer mixing medicines

October 12, 2010

People walk past the Pfizer World headquaters in New York, February 3, 2010. REUTERS/Brendan McDermidPfizer has agreed to buy King Pharmaceuticals for $3.6 billion. *View article *View WSJ blog on who’s benefiting from the deal *View Forbes blog on why the deal seems bad for Genzyme

Deal wrap: Talking defense

September 10, 2010

Israeli Air Force F-15 fighter jets fly in formation with a Boeing 707–320 aerial refueling tanker during a ceremony for newly graduated pilots at the Hatzerim Air Base, June 28, 2010.  REUTERS/Baz Ratner Boeing defense chief Dennis Muilenburg startled many this week when he told the Reuters Aerospace and Defense Summit he would not rule out the possibility of a large-scale merger. Is he sending up a trial balloon to gauge the Pentagon’s reaction? *View article *Read more at the Aerospace and Defense Summit

Check Out Line: Mixed ruling in eBay vs Craigslist case

September 10, 2010

Check out the latest twist in the eBay – Craigslist saga.

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A judge reinstated eBay’s 28.4 percent stake in Craigslist, but allowed the classifieds site to keep eBay off its board.

Deals wrap: Reaching for the wine

September 8, 2010

Red wine made by Fosters is displayed on the shelf of a liquor store in Melbourne September 8, 2010. REUTERS/Mick Tsikas Foster’s beer business has been getting all the limelight recently but the company has now rejected a private equity offer worth up to $2.5 billion for its wine business. The news raised speculation that suitors for the combined group, which has a market value of about $11 billion, might now step forward. *View article *View article on Foster’s CEO

Deals wrap: Deal talk gets frothy

August 24, 2010

A judge views samples of beer in west London August 3, 2010.  REUTERS/Toby MelvilleFoster’s said the split of its beer and wine divisions was on track for next year, but was silent on growing takeover talk for its profitable beer unit. Foster’s share price has been on a roller coaster ride on the takeover talk, surging 7 percent on Monday and sliding 4.5 percent on Tuesday. *View article