Deals
Insight(1/5)
Mergers & Acquisitions:Value in banks
Sovereign wealth funds will likely plough more money into capital-starved financial firms if they see long-term value, said a State Street executive. Hon Cheung also expects the funds increasingly to adopt passive investment approaches. Full Article
Leap of faith?
How hard is it to make the switch from investment banking to corporate development? TheDeal.com went to former investment banker Lorne Groe for some insight. Groe says he's known a lot of bankers who've made the jump, and most times it just didn't work out. Full Article
More to play for in favorite trade
The hedge fund industry's trade-of-the-moment -- betting on falling financial stocks and rising commodities -- is set to offer further profits, despite July's setback, but managers may have to alter their tactics. "These are the toughest conditions I've seen in 16 years," said hedge funds manager Ken Kinsey-Quick. Full Article
Big Deal, kind of
peHub's Erin Griffith looks at the "Big Deal", pointing to Sentinel Capital Partners, for its purchase of Mobile Dental Services. It’s a bit of a cop-out, since they won’t say how big the deal actually was. No revenues, no EBITDA, no stake size, no purchase price, no purchase price multiple. But when it comes to perfect fit, this add-on acquisition is it. Full Article
Corzine has his eye on Fannie and Freddie
The government should eliminate the hybrid structure of mortgage giants Fannie Mae and Freddie Mac and fully back them with taxpayer funds, New Jersey Gov. Jon Corzine said on the sidelines of the Democratic National Convention. Full Article
I don't think we can continue with the schizophrenic view that we have today ... where the leaders of the company do well when things are going well but then the government and the public and the taxpayer has to bail them out when it goes bad.
Global Deals Data
| Target | Acquiror | Value ($M) | |
|---|---|---|---|
| China Resources Gas Ltd | China Resources Logic Ltd | 4883.63 | |
| Jet Aviation Holding AG | General Dynamics Corp | 2232.65 | |
| Benfield Group Ltd | Aon Corp | 1757.74 | |
| Siderurgica del Orinoco CA | Government of Venezuela | 1650.0 | |
| Alpharma Inc | King Pharmaceuticals Inc | 1378.19 | |
| Penfold Capital Acquisition Corp | Severstal'-resurs OAO | 1171.87 | |
| 41 properties | Niam AB | 1097.76 | |
| Properties located in the Greater Buffalo Wallow and East Texas Regions | Forest Oil Corp | 892.9 | |
| London Mining South America Ltd | ArcelorMittal SA | 810.0 | |
| Marchon Eyewear Inc | Vision Service Plan | 735.0 | |
The Buzz
- peHUB
- The Deal
- PaidContent
Top Deals Stories by Region
- Americas
- Europe
- Asia
|
Target: 1st Dental Laboratories PLC (GBR) Acquirer: Undisclosed Acquirer (GBR) |
Spread: 17.24% |
|
Target: Acambis PLC (GBR) Acquirer: Sanofi Pasteur Holding SA (FRA) |
Spread: 0.93% |
|
Target: Accrete Energy Inc (CAN) Acquirer: Pengrowth Energy Trust (CAN) |
Spread: -17.35% |
G7 Inflows/Outflows
Deals News by Industry
Box plant closures loom in the U.S
NEW YORK (Reuters) - Industry consolidation, improved efficiencies and a slowdown in the U.S. economy are likely to drive further U.S. box plant closures in the months ahead, top industry executives told the Reuters Paper Summit. Full Article
Reuters Conferences
| Event | Date | Location |
|---|---|---|
| IFR's Capital Raising for Corporates | 8-9 Sep | London |
| IFR's India's Capital Markets | 9-10 Sep | Mumbai |
| North American Buyouts | 1-Oct | Toronto |
| PFI's Australia Infrastructure Partnerships | 7-8 Oct | Sydney |
| PFI's North America West Coast Infrastructure Partnerships | 14-15 Oct | Los Angeles |
| IFR's Leveraged Finance Asia | 15-16 Oct | Hong Kong |
| PFI's Financing Energy Projects in Asia | 21-22 Oct | Singapore |
| IFR's Cashing in on Carbon | 22 Oct | London |
| IFR's Where next for European LBO's? | 28-20 Oct | London |
