Deals

Buffett not confident of major deal by year-end

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- Berkshire Hathaway would still like to make a major acquisition this year but the prospects for a deal are starting to look less likely, Chief Executive Warren Buffett said on Friday.

Ackman may take time to unveil game plan for P&G; stake 13 Jul 2012

- Procter & Gamble Co was worth $10.11 billion more on Friday afternoon as investors counted on activist investor William Ackman to spur big changes at the world's biggest household products maker.

Tribune finally wins court nod to exit bankruptcy 13 Jul 2012

- Tribune Co has won court approval to emerge from bankruptcy, more than 3-1/2 years after seeking Chapter 11 protection following a leveraged buyout that saddled the publisher of the Chicago Tribune and Los Angeles Times with too much debt.

Tinkler-led group offers $5.3 billion for Australia's Whitehaven 13 Jul 2012

SYDNEY/MELBOURNE - A consortium led by Australian coal magnate Nathan Tinkler has offered $5.3 billion to take Whitehaven Coal private in a bold play on sector that has seen prices slump and the demand outlook weaken.

RBS adds 8 banks to Direct Line IPO: sources 13 Jul 2012

LONDON - Royal Bank of Scotland has added eight banks to help with the initial public offering of its Direct Line insurance arm later this year, one of the biggest planned listings in London, two people familiar with the matter said on Friday.

Software maker Gigamon files for IPO of up to $100 million 13 Jul 2012

- Data traffic management software maker Gigamon LLC filed with U.S. regulators to raise up to $100 million in an initial public offering of its common shares.

Patriot Coal: High hopes at IPO, but Chapter 11 in five years 13 Jul 2012

- When Patriot Coal was spun off by Peabody Energy Corp five years ago, it aimed to become the dominant producer in the Appalachian coalfields, buying up small, struggling mining companies and increasing production to cater to growing demand from power companies and steelmakers.

Gazprom expects to wrap up Shtokman talks by autumn 13 Jul 2012

MOSCOW - Gazprom's chief executive officer expects talks over the terms of the giant Shtokman gas project to be completed by early autumn, he said on Friday.

ACS refinancing deal provides some Iberdrola relief 13 Jul 2012

MADRID - Spanish builder ACS won temporary breathing room for its debt-backed stake in power firm Iberdrola with a 1.6 billion euro ($2 billion) loan refinancing agreement.

Japanese ad giant Dentsu enters Europe with Aegis 12 Jul 2012

LONDON - Japanese ad giant Dentsu is buying marketing group Aegis for 3.2 billion pounds ($5 billion), the biggest deal in its history as it seeks to expand outside its home market with the British firm's European and digital business.

Deals

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