Deals
TI shares fall after Ericsson/STMicro deal
NEW YORK (Reuters) - Shares of Texas Instruments fell as much as 2 percent on Wednesday after Ericsson and STMicroelectronics said they had agreed to combine their wireless chip and software businesses. Full Article
News
FTC approves EA's proposed bid for Take-Two
WASHINGTON (Reuters) - U.S. antitrust authorities would approve a combination of Electronic Arts Inc with rival video game publisher Take-Two Interactive Software, according to letters from the Federal Trade Commission posted on the agency's web site. Full Article
Analysis (1/5)
InBev's $45 billion loan signals trouble for M&A finance
Senior banks will sign up for Belgian brewer InBev's $45 billion loan to finance its acquisition of rival Anheuser-Busch next week, but bank capital constraints have created a shortfall that could affect the syndication of up to $200 billion of recent M&A loans. Full Article
MUFG may use UnionBanCal as M&A platform
Mitsubishi UFJ Financial Group's $3 billion bid for control of U.S. unit UnionBanCal is more than just a rare bet by Japan's most conservative lender -- it could mark the start of a broader U.S. expansion by the bank. Full Article
Wachovia needs capital, may not need Evergreen
Wachovia may not be keen to sell its asset management unit, Evergreen Investments, but the fourth-largest U.S. bank may do just that if the credit crisis worsens and its capital needs increase. Full Article
Talent-hungry small firms cheer Wall St job cuts
Smaller financial firms have found a way to capitalize on their larger rivals' woes, moving to snap up some of the top talent cast adrift by sweeping layoffs at leading investment banks. Full Article
Faith slipping in meaningful Pfizer deal
As proposed buyouts sweep through the drug sector, Pfizer's failure in recent years to buy another big rival has surprised many investors, some of whom say its too late for a big acquisition to rescue the No. 1 drugmaker. Full Article
CME wants this so badly because the futures market is one of the few monopolies left in the world.
Global M&A Data
- Top Deals
- Top Industries
Top Global M&A Deals
Announced last week (2 Aug to 8 Aug 2008)
| Target | Acquirer | Value $M |
|---|---|---|
| GMK Noril'skiy nikel' OAO (RUS) | Kholdingovaya Kompaniya Interros ZAO (RUS) | 10,000.0 |
| Lonmin PLC (GBR) | Xstrata Plc (CHE) | 9,274.5 |
| Asciano Group (AUS) | Consortium of TPG Capital and Global Infrastructure Partners (USA) | 2,685.2 |
| Aracruz Celulose SA (BRA) | Votorantim Celulose e Papel SA (BRA) | 1,722.3 |
| Barclays Life Assurance Company Ltd (GBR) | Swiss Reinsurance Company Ltd. (CHE) | 1,477.0 |
| Gibson Energy Holdings Inc (CAN) | 1413281 Alberta ULC (CAN) | 1,218.1 |
| Sony BMG Music Entertainment (USA) | Sony Corp (JPN) | 1,200.0 |
| Alstom South Africa Pty Ltd (ZAF) | Consortium Consists of Actis, Old Mutual Private Equity, Existing Black Empowerment Investors, and Management (ZAF) | 700.0 |
| Senai Airport Terminal Services Sdn Bhd (MYS) | MMC Corporation Bhd (MYS) | 582.6 |
| CastlePoint Holdings Ltd (BMU) | Tower Group Inc (USA) | 490.0 |
Top Industries: Global M&A
Announced in the last 13 weeks (10 May to 8 Aug 2008)
| Industry | Deals | Value $M |
|---|---|---|
| Financials | 2,024 | 161,418.7 |
| Energy | 489 | 102,795.6 |
| Basic Materials | 1,029 | 83,711.1 |
| Healthcare | 583 | 83,595.7 |
| Non-Cyclical Consumer Goods / Services | 1,153 | 83,130.2 |
| Telecommunications Services | 194 | 81,721.3 |
| Industrials | 2,170 | 71,111.1 |
| Utilities | 358 | 66,949.3 |
| Cyclical Consumer Goods / Services | 1,751 | 51,790.1 |
| Technology | 1,074 | 38,883.3 |
What's next?
The credit crisis hammered the global banking system and squeezed lending everywhere, initiating a sharp slowing of the world economy. In this special package, Reuters looks at the crisis and asks, what's next? Full Coverage | Video
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