As Facebook is expected to submit paperwork to regulators for its initial public offering, Reuters Social Media Editor, Anthony De Rosa, uncovers three problems standing in the way of Facebook’s future growth.
Samsonite, the world’s biggest luggage maker, dropped 7.7 percent in its Hong Kong trading debut on Thursday, underscoring tepid investor appetite for initial public offerings as global markets struggle.
News and views on the asset management industry from Reuters and elsewhere:
Britain’s ruling Labour government would seek to extend its powers to scrutinise foreign takeovers of UK companies if it wins an election on May 6, a party source told Reuters on Sunday. The source played down a BBC report that the plan would amount to a “Cadbury’s Law”, to protect UK companies against hostile takeovers .
Monday’s top stories:
* Zhejiang Geely Holding Group, China’s largest private-run car maker, agrees to buy Ford Motor’s Volvo car unit for $1.8 billion, the country’s biggest overseas auto purchase. (See how the two carmakers stack up here, and read a profile of Geely founder Li Shufu here.)
Arrow Energy says discussions with Royal Dutch Shell and PetroChina over their $3 billion joint takeover offer for the Australian group are continuing. That is despite a story in the Australian Financial Review that says Arrow is set to reject the bid as too low. Read the Reuters story here.
An overview of the week in M&A, capital markets and syndicated loans — with league tables, up-to-date industry and country trends, as well as top transactions for the past week — from the Deals Intelligence team at Thomson Reuters: