Unstructured Finance

Deals wrap: Weighting the benefits of a Potash deal

November 2, 2010

A reporter looks at a sample of still warm potash at the Rocanville Potash Corp mill in Saskatchewan September 30, 2010. REUTERS/David Stobbe Canada insisted it had made no decision yet on what to do about BHP Billiton’s $39 billion offer to buy Potash Corp, even as two newspapers reported that bureaucrats were advising that the bid should go ahead. A decision by the Canadian government is due by the end of Wednesday.

Deals wrap: The GM IPO

November 1, 2010

A GM sign is seen outside the Medved General Motors car dealership in Arvada, Colorado August 12, 2010.   REUTERS/Rick Wilking As General Motors gears up for its initial public offering, the Treasury Department is calling the shots on everything from banking fees to the potential involvement of offshore investors. *View graphic on world IPOs *View graphic on GM value

Deals wrap: AIA shines in Hong Kong

October 29, 2010

An office worker leaves the AIA central building in Hong Kong's financial district September 21,2010.REUTERS/Tyrone Siu AIA Group surged 17 percent in its Hong Kong debut as investors piled into the record offering. The strong start boosted AIA’s market value above the $35.5 billion Prudential had initially offered for AIA in March, vindicating AIG’s decision not to accept the $30.4 billion bid that followed.

Deals wrap: What’s next for Apple?

October 26, 2010

Apple Chief Executive Steve Jobs smiles after the Apple's music-themed September media event in San Francisco, California September 1, 2010. REUTERS/Robert GalbraithShares of Sony rose nearly 3 percent at one point on Tuesday, but later retreated as analysts dismissed speculation that the electronics maker could be an acquisition target of Apple. *View article *View WSJ article looking at an Apple tie-up with Netflix

Deals wrap: The deals are back

September 24, 2010

Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21 percent so far this year, but the outlook for the rest of the year remains cautious. Reuters takes a look at the deal flow in the third quarter, who the top advisors are and why. *Full Coverage

Deals wrap: Adjusting to Basel rules

September 13, 2010

Photos of yuan (top) and U.S. dollar banknotes are displayed at a money exchange in Hong Kong September 13, 2010.  REUTERS/Bobby YipNew capital rules set by global regulators brought relief to the world’s banks on Monday, giving weaker lenders time to raise funds and freeing the strong to lift dividends or hit the acquisition trail. *View article *View Basel III factbox *View analysis on the impact

Deals wrap: Intel’s big bet

August 19, 2010

A man stands in front of an Intel wall at the 2009 Computex trade show in Taipei June 3, 2009.  REUTERS/Pichi Chuang Chip maker Intel said it would buy security technology firm McAfee for $7.68 billion. “I think people were probably (expecting) some smaller acquisitions from Intel. It’s definitely — even by Intel’s standards — a pretty big acquisition for them,” said Vijay Rakesh, an analyst at Sterne Agee. *View article *View reaction from analysts and investors

Deals wrap: Who’s interested in AIA?

August 12, 2010

The logo of the AIA tower is seen at its entrance in Hong Kong July 13, 2010.REUTERS/Tyrone Siu AIG has started talks with potential investors to sell stakes in its Asian life insurance business AIA ahead of AIA’s planned IPO, sources say. *View article* In a related matter, Prudential says its failed bid for AIA, which collapsed in May, will cost less than first expected. *View article

Deals wrap: Buying into GM

August 9, 2010

General Motors auto dealership employees drive brand new Chevrolet cars at a parking lot in Shenyang, Liaoning province, November 7, 2009.  REUTERS/Sheng LiIs a company that lost $88 billion from 2005 through the first quarter of 2009 and wiped out equity investors when it declared bankruptcy last spring worthy of another bet? The General Motors IPO is going to be a tough sell. *View article

Deals wrap: Selling the ex-bankrupts

August 4, 2010

A Chevrolet logo is seen on a car displayed on the exhibition stand of Chevrolet during the first media day of the 80th Geneva Car Show at the Palexpo in Geneva March 2, 2010.      REUTERS/Valentin Flauraud General Motors’ coming initial public offering may be a hard sell. After all, the automaker burnt investors with its Chapter 11 filing a little over a year ago. The IPO of GM and, in time, those of other cleaned up ex-bankrupts like Delphi and Chrysler, deserve cautious investor interest. *View article