| NSN says ready to offer $810 million for Nortel unit ) $769 million bid for Nortel's optical networking and carrier ethernet business, and is ready to raise its offer to $810 million in cash, the company said on Tuesday. U.S. networki ...[more] |
| State Street grows in alternatives with Mourant buy ), already one of the financial industry's biggest record keepers, will become the biggest service provider for alternative assets after it buys Mourant International Finance Administration.[more] |
| Barclays gets extra boost from $15.2 billion BGI deal ) completed the sale of its asset management arm to U.S. fund manager BlackRock () on Tuesday for $15.2 billion, or $1.7 billion more than when it struck the deal in June after a jump in BlackRock' ...[more] |
| French duo can buy Areva unit with cash, debt: sources ) and Schneider Electric () will not need capital increases to finance their joint bid for Areva's T&D power transmission and distribution unit, according to two sources close to the tandem.[more] |
| More mine IPOs in 2010 after 2009 rights issues A healthy pipeline of IPOs (initial public offerings) was likely to come to fruition next year, Lee Downham told Reuters on the sidelines of the Mines and Money conference in London. ...[more] |
| Electra eyes distressed sellers, shares shine ) is back targeting distressed sellers for new deals after a year of firefighting to protect investments and limit declines in asset valuations. Electra, one of Britain's few listed ...[more] |
| Informa walks away from deal to buy Springer Science ) has walked away from a purchase of Springer Science + Business Media, saying it could not do a deal in the time required by the debt-laden firm's private equity owners. The withdr ...[more] |
| Geely taps China banks to back $1.8 billion Volvo deal ) Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday. Home-grown Geely, which means "lucky" in Chinese, ...[more] |
| Cisco extends Tandberg offer period ) on Tuesday extended the offer period to acquire Norway's Tandberg () by two days to December 3, while maintaining terms for the deal that would create the world's leader in videoconferencing equi ...[more] |
| UK mutuals Chelsea, Yorkshire in merger talks The two lenders said the merged group -- which would have assets of more than 35 billion pounds ($58 billion) and some 2.7 million members -- would be the second-largest in the building socie ...[more] |
| Bayer acquires rights to Micromet's experimental drug ) exercised its option to buy the rights to a cancer-fighting antibody from U.S. Biotech firm Micromet () in a deal potentially worth 285 million euros ($429 million) in milestone payments.[more] |