Deals
The market is dealing its own brand of justice on Wall Street for the follies and excesses that led to the credit crunch and individuals who took part in it are paying the price, says veteran dealmaker Kenneth Moelis. Go to Blog
News
Clear Channel trial adjourned
NEW YORK (Reuters) - A New York State judge adjourned the trial over financing of the Clear Channel Communications Inc buyout on Wednesday, giving the banks involved 14 days to fund the new, lower-priced deal. Full Article
Analysis (1/5)
Buyout shops eye U.S. banks but wary of regulators
Private equity firms are searching for ways to invest in U.S. banks and thrifts while avoiding restrictions that bar owners of these institutions from other businesses. Full Article
Newspapers to see more deals but at lower pricess
The fight to buy Newsday surprised many in the media world -- not because of its high-profile combatants, but because of the high price they were willing to pay to buy a newspaper. Full Article
Restructuring bankers see bigger role in Spain
Restructuring bankers are a rare breed in Spain, where troubled companies tend to turn to lawyers for help, but this is beginning to change as Spanish companies come up against aggressive international creditors. Full Article
Should Microsoft break itself up?
In the wake of the failed Yahoo bid, paidContent.org's Steve Rosenbush wonders: maybe the Justice Department had a point. Full Article
Lagging China, India eyes African markets, resources
As China pushes into Africa to tap its natural resources and consumers, India wants deals of its own there to feed a booming economy and a corporate sector hungry to grow overseas.Full Article
As they say in classified ads: No timewasters, please.
Global M&A Data
Top Global M&A Deals
Announced last week (26 Apr to 2 May 2008)
| Target | Acquirer | Value $M |
|---|---|---|
| Wm Wrigley Jr Co (USA) | Mars Inc (USA) | 21,917.5 |
| Origin Energy Ltd (AUS) | BG Group plc (GBR) | 12,013.0 |
| ConvaTec (USA) | Consortium of Nordic Capital Fund VII & Avista Capital Partners (USA) | 4,100.0 |
| Norgani Hotels ASA (NOR) | Undisclosed Acquiror (NOR) | 2,175.0 |
| Zentiva N.V. (NLD) | PPF Group NV and Generali PPF Holding BV (CZE) | 1,787.8 |
| Bois d Arc Energy Inc (USA) | Stone Energy Corp (USA) | 1,650.9 |
| Real Estate Assets (CHN) | Hunan AVA Holdings Co Ltd (CHN) | 1,589.8 |
| Atlantia SpA (ITA) | Fondazione Cassa di Risparmio di Torino (ITA) | 1,255.7 |
| Safety Kleen Europe Ltd (GBR) | Warburg Pincus LLC (USA) | 1,112.9 |
| Tognum AG (DEU) | Daimler AG (DEU) | 910.8 |
Top Industries: Global M&A
Announced in the last 13 weeks (2 Feb to 2 May 2008)
| Industry | Deals | Value $M |
|---|---|---|
| Financials | 2,360 | 108,615.6 |
| Industrials | 2,420 | 74,161.0 |
| Basic Materials | 1,184 | 67,639.9 |
| Non-Cyclical Consumer Goods / Services | 1,187 | 47,977.2 |
| Energy | 501 | 38,901.2 |
| Healthcare | 504 | 37,928.1 |
| Cyclical Consumer Goods / Services | 1,843 | 33,996.0 |
| Utilities | 361 | 25,431.9 |
| Technology | 1,116 | 25,083.9 |
| Telecommunications Services | 222 | 21,361.1 |
Execs defend humans in high-tech markets
NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article
