Unstructured Finance

Deals wrap: Hynix may finally have new owner

July 25, 2011

Shareholders of Hynix Semiconductor will take final bids for a controlling stake in the South Korean memory chipmaker, said a leading shareholder. The $2.3 billion stake sale is the third attempt by creditors-turned-shareholders to find a new owner for the company.

Deals wrap: Bid for ING Direct USA

June 7, 2011

General Electric and Capital One have submitted bids for ING’s U.S. online banking operations in a deal worth about $9 billion, Bloomberg reports.

Deals wrap: ING Direct USA up for sale

March 9, 2011

CIT Group CEO John Thain is shown in New York in this November 17, 2009 file photo. REUTERS/Brendan McDermidDutch financial group ING has kickstarted an auction to find a buyer for its U.S. online banking operation ING Direct as part of an effort to raise funds to pay back state aid it received during the financial crisis in 2008.

Noted: Should Tesco stop & shop for Ahold?

November 2, 2009

Could buying the undervalued Dutch retailer Ahold, which operates U.S. brands including Stop & Shop, make sense for Tesco?

BoNY refocuses on Europe

October 27, 2009

As head of the world’s largest custodian of financial assets, Robert Kelly is paid to be alert to buying opportunities. So it’s interesting to hear Kelly, chairman and chief executive of Bank of New York Mellon, tell reporters in Beijing that financial assets in Europe are more attractive than those in Asia and that, as a consequence, the bank is refocusing its businesses.

DealZone Daily

October 15, 2009

Mining group Xstrata did not support hopes of a more general M&A rebound on Thursday, announcing it had no intention of offering for rival Anglo American and that it continued to assess a range of alternative growth options. Read the Reuters report here.

Deals du Jour

October 7, 2009

Julius Baer will buy ING‘s private bank in Switzerland, the two have said (Reuters has long been reporting that Baer was the frontrunner to seal the deal).

Deals du Jour

September 4, 2009

An employee checks a halogen low energy consumption light bulb at an Osram factory in Molsheim, eastern France December 11, 2008. REUTERS/Vincent Kessler (FRANCE)Japan’s Toshiba Corp (6502.T) is lining up a bid for French nuclear group Areva’s (CEPFi.PA) power grid that could be worth over $5 billion according to Reuters sources.

Deals du Jour

July 23, 2009

Dutch bank ING has hired JPMorgan to advise on the sale of ING’s private banking business in Europe and Asia, which could fetch over $1 billion, sources tell Reuters.