Global Deals Review: Q2 2011
Global M&A; seen rising, but at slower pace
Announced M&A; deals declined in this year's second quarter from the previous three months, casting gloom on hopes of a reviving world economy that will prompt executives to put their cash-rich balance sheets to work. It marked the first sequential quarterly decline in activity measured by deal value in more than a year. Full Article | Related Story
Bank deals seen driving Asian M&A;
Bank M&A; in Asia is set to accelerate over the coming months as small and inefficient lenders in the region look to attain scale and drive shareholder returns. Full Article
Private equity feeds on bite-sized deals
A small spate of mid-sized deals has pushed private equity-backed activity up 42 percent so far this year, but there is skepticism the mega-buyouts of the latest boom will return. Full Article
UBS remains defiant in the face of defections
Hurting after a series of high-profile defections, UBS has dropped out of the top 10 in the rankings of deal advisers, according to Thomson Reuters data. Full Article
Frontier Asian markets luring buyout firms
Private equity deals are likely to warm up in Indonesia and Vietnam as firms worry about prices getting too high in the hot markets of China and India. Full Article
Cairn Energy raises $922 million from Cairn India stake sale: source
- Cairn Energy has raised about $922 million by selling an 8 percent stake in Cairn India , a source with direct knowledge of the situation said on Tuesday.
- EFG Financial Products set for IPO in fourth quarter
- Exclusive: L.A. billionaire, Guggenheim plot AEG bid
- GE, MetLife tweak terms of deal for $7 billion in bank deposits
- Sony set for $642 million investment in Olympus: sources
- Wet Seal urges shareholders to reject Clinton Group's board nominees
- Investor Wilbur Ross eyes JV in China shale tender
- Providence Equity sells management firm stake to investors: source
- Berkshire reports 17 percent stake in Media General
- UK's Cameron speaks to Merkel, Hollande on BAE-EADS