Hanjin Shipping Co. gained the most in a week in Seoul trading as concerns that the unprofitable shipping line wouldn’t be able to survive eased after the government indicated a merger with a smaller rival is possible...
The One Utility Merger You Need Not Fear
Mergers between utility companies are about as dry as corporate dealmaking gets. But that’s not why traders hate them. For those in the arbitrage game, who stake their returns on when and at what...
Merger Lies and Ferragamo Bribes
By Matt Levine M&A etiquette. Guy Hands’s lawsuit against Citigroup continued in London yesterdaywith my favorite sort of cross-examination, the kind where Citi’s lawyers asked Hands if he was lying, and...
BMO to Buy Greene Holcomb Fisher to Expand U.S. Dealmaking
Bank of Montreal agreed to buy advisory firm Greene Holcomb Fisher to expand its mergers-and-acquisitions business in the U.S., adding 30 investment bankers and deepening its industry coverage in the country. GHF, with...
Michael Dell Bought His Company Too Cheaply
If you own a stock that you think is worth $10 a share, and I also own that stock and I think it’s worth $20 a share, I can try to convince you that I’m right. I can make predictions about the...
Deutsche Boerse’s LSE Takeover May Result in 1,250 Job Cuts
Deutsche Boerse AG’s proposed acquisition of London Stock Exchange Group Plc may result in about 1,250 job cuts across the companies. The combined firm would lose a net 700 positions because 550 jobs may be created as...
Whitbread Needs a Diet
Alison Brittain faces a storm in a coffee cup. The new CEO of Whitbread is grappling with a 25 percent decline in the bars-to-hotels conglomerate’s shares over the past year and the threat of slowing sales...
UBS acquires DJ-AIG Commodity Index
The equities arm of UBS Investment Bank completed on May 6 the acquisition of the commodity index business of AIG Financial Products Corp, including AIGs rights to the Dow Jones-AIG Commodity Index (DJ-AIGCI). The...
Bharati Shipyard’s buy of Great Offshore – A new trend setter?
The acquisition of the controlling stake of 14.9 per cent in Great Offshore by Bharati Shipyard (through its subsidiaries) by way of purchase of pledged shares in a non-cash deal technically “averted”...
L&T inks pact with EADS to invest in defence biz
Larsen and Toubro has tied up with Europe’s EADS Defence and Security division to form a joint venture company for defence electronics in India. The facility to be set up at Talegoan, near Pune, at a cost of Rs...
Sahara India Investment picks up stake in STel
Sahara India Investment Corp Ltd has picked up a stake in one of the new telecom players STel Ltd, according to a report submitted by the Telecom Regulatory Authority of India (TRAI) to the Government. The report on how...
Hedge Fund Arrowgrass Said to Raise $600 Million to Bet on M&A
Arrowgrass Capital Partners LLP has raised more than $600 million for a hedge fund speculating on the success or failure of mergers and acquisitions, according to two people with knowledge of the matter. The Arrowgrass...
