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Alistair Darling has made a forceful intervention in the plans by EADS to combine with BAE Systems, saying British interests were bound to suffer because the UK government would have no equity stake in the enlarged group. The FT reports.
More than a dozen of Europe’s biggest banks face the upheaval and cost of building a ringfence around their trading activities if the findings of the EU-appointed Liikanen review are implemented. The likes of Deutsche Bank, Barclays and BNP Paribas are likely to be the hardest hit. The FT reports.
Banks should pay bonuses in debt, which would be wiped out if a bank failed, an EU banking report will suggest as Europe attempts to step up the fight against bankers’ pay. The FT reports.
Xstrata is preparing to recommend the latest merger offer from Glencore on Monday, with the miner over the weekend hammering out a novel structure that is designed to help maximise support from its investors. The FT reports
France is pushing for its government to hold a large stake in the €34 billion defense and aerospace group to be created by combining pan-European EADS and BAE of the UK, raising concerns in London that such a demand would threaten the deal. The FT reports.
Investment bank earnings from mergers & acquisitions and debt and equity capital markets has slowed to a low not seen since the collapse of Lehman Brothers, with 2012 on course to be the worst year for the industry since 2004. The FT reports.
The $90 billion merger of Glencore and Xstrata is on shaky ground as the two sides struggle to come to terms over the makeup of the combined management team, the New York Times reports.
Hedge funds are supposed to be the smart money, but sometimes even they can be outsmarted. Take the case of Mason Capital Management and the Telus Corporation, a large Canadian telecommunications company. Mason Capital, a New York and London hedge fund with about $8 billion in assets under management, has made a complex bet in Telus stock that looked shrewd at first, but that may now lose tens of millions of dollars, the New York Times reports.
Southeast Asia's most populous nation is on track to become the world's 7th largest economy by 2030, putting it ahead of the developed nations of Germany and the U.K., a new report by McKinsey Global Institute showed Tuesday.
BAE Systems will have to agree more rigorous US security arrangements if its 38 billion euros ($49.9 billion) deal to combine with EADS is to pass muster in Washington, a former senior US official has warned, the Financial Times reports.
After a third party valuation of their joint venture, Morgan Stanley Smith Barney, came in below $14 billion, Citigroup and Morgan Stanley negotiated a deal that values the unit at $13.5 billion and provides a road map for Morgan Stanley to acquire 100 percent of the firm by June of 2015 based on that value.
Ivan Glasenberg had argued for months that his offer for Xstrata of 2.8 Glencore shares for each of the London-listed miner's was 'generous', now questions have been raised over his climbdown, the FT reports.
The US stock market is sitting at four-year highs, and yet, this bull market has failed to spark a any increase in mergers and acquisitions this year. What gives?
David Ebersman is Facebook’s well-liked, boyish-looking 41-year-old chief financial officer. He’s not as well known as Mark Zuckerberg, Facebook’s founder and chief executive, or Sheryl Sandberg, its chief operating officer and recently appointed director but the catastrophic IPO is being laid firmly at his door. The New York Times reports.
American Airlines has signed non-disclosure agreements with US Airways and British Airways as the bankrupt carrier further explores merging or selling a stake to another carrier.
Hertz Global Holdings is near a deal to acquire the Dollar Thrifty Automotive Group for nearly $2.5 billion, according to a person briefed on the transaction, ending a fierce and protracted merger battle among the nation's largest car rental companies, the New York Times reports.
Attempts to make sweeping changes to a popular type of mutual fund that played a central role in the 2008 financial crisis have been derailed, the New York Times reports.
Billionaire investor Carl Icahn pulled his offer to buy oil refiner CVR Energy on Tuesday after earlier winning a $2.6 billion takeover battle for the company.
Sir Richard Branson has threatened to pull his Virgin Group out of bidding for any future U.K. rail contracts after losing the lucrative West Coast franchise to FirstGroup, the U.K.’s biggest bus and train operator by revenues, the FT reports.
Mergers and acquisitions activity in China plunged by a third in the first half of the year, as companies held back on deals amid uncertainty over the world’s second-largest economy. Still, the number of deals is expected to pick in the second half and set a new record for the full year, according to PricewaterhouseCoopers.
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