Unstructured Finance

Deals wrap: Singapore Exchange’s ASX bid in trouble

April 5, 2011

Singapore Exchange (SGX) Chief Executive Officer Magnus Bocker (R) talks as Australia's ASX Ltd Managing Director and CEO Robert Elstone listens during a media briefing in central Sydney October 25, 2010. REUTERS/Daniel Munoz Consolidation in the Asian exchanges industry hit a roadblock on Tuesday when Australia said it intends to reject Singapore Exchange’s proposed $7.8 billion bid for Australia’s ASX on “national interest” grounds.

Deals wrap: GM’s market splash

November 19, 2010

A GMC vehicle is seen parked in front of a trader standing outside of the New York Stock Exchange November 18, 2010.REUTERS/Shannon StapletonGeneral Motors has raised billions of dollars in its IPO, but big investors still have plenty of cash on hand to plow into other new stock issues — if they have merit.

Deals wrap: Turning down Sanofi

August 30, 2010

A sign points the way to the headquarters of Genzyme in Cambridge, Massachusetts August 3, 2010.    REUTERS/Brian Snyder   Genzyme broke its five-week silence to reject an $18.5 billion takeover proposal by French drugmaker Sanofi-Aventis, dismissing it as opportunistic and too low. *View article *View Genzyme’s letter to Sanofi-Aventis

Quattrone brings “emo” back in dealmaking

June 18, 2009

rtripsrThe Financial Times’ Richard Waters does a profile of Frank Quattrone in Thursday’s paper, pegging the return of Silicon Valley’s “most prominent banker” to the ongoing Data Domain-EMC-NetApp saga. Quattrone’s firm Qatalyst Partners is the sole adviser to Data Domain, the specialty storage technology company that is the target of competing bids from East Coast storage giant EMC, and its smaller Valley rival, NetApp.

An offer Data Domain can’t refuse

June 2, 2009

rtr1wratWho knew EMC was a gatecrasher? Two weeks after NetApp announced plans to acquire Data Domain for $1.5 billion, the storage giant barged in with a higher offer and spoiled NetApp’s party.