REGION
08 September 20:12
Brazilian firm Potassio do Brasil says it has discovered more than 1 billion tonnes of potash in the Amazon region that could meet a quarter of the agricultural giant's needs per year, a top company executive said on Wednesday...
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03 September 08:54
Brazilian state oil company Petrobras filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan...
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01 September 21:07
Brazil's government will charge state oil company Petrobras $8.51 per barrel for crude reserves to be used in a $43 billion oil-for-shares swap, a price seen as high that could limit interest in...
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01 September 01:30
Unfazed by the summer heat in the northern hemisphere, the global energy M&A binge is gaining momentum. Asia-Pacific companies in particular have demonstrated an ongoing appetite for assets outside Asia…
Precedent Watch
30 August 20:27
Brazil's richest man, Eike Batista, said he plans to create a high technology company and an automobile company within a year...
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30 August 02:30
As the world’s derivatives markets race to take over global competitors, the potential impact of Dodd-Frank looms large...
Precedent Watch
29 August 01:30
Fund firm Castlestone Management plans to launch a portfolio investing in emerging markets from the Philippines to Iran, hoping they will show the same rapid growth seen in China and India in...
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26 August 18:27
Developed nations' banks are still reeling from the global economic crisis, but Colombia's banking sector looks attractive for foreign players in search of solid returns with safe regulations, solid profits and a robust recovery...
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26 August 00:15
A recent distribution MOU involving a Turkish software developer stretches “globalization” to its limits…
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25 August 08:30
Royal Dutch Shell Plc and Brazilian sugar and ethanol giant Cosan signed a binding agreement to create a global ethanol business, looking to benefit from growing demand for biofuels...
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24 August 19:00
Brazil is seeking to boost its production of biodiesel and create jobs in the countryside by encouraging biofuels companies to buy raw materials from small farmers...
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24 August 13:33
Media conglomerate Time Warner Inc is poised to purchase television network Chilevision, which is owned by Chile President Sebastian Pinera, a source familiar with the deal said...
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24 August 07:16
A run-down court building that also houses the local casino in this Amazon jungle town is the unlikely venue for the largest environmental damages lawsuit ever tried...
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22 August 09:47
Royal Dutch Shell<RDSa.L> and German chemicals maker BASF<BASF.DE> plan to appeal a first instance Brazilian court ruling on health injuries related to pollution at a former pesticide plant...
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22 August 06:52
Russia's largest oil producer Rosneft will invest $630 million in a joint project with an UAE oil firm to drill for gas in the Middle East, a top Russian official said...
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19 August 01:30
In boomtown Macau, Melco Crown Entertainment has been busy tending to securities housekeeping. The casino operator, which has also branched into…
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18 August 15:05
Merger and acquisition activity in Brazil will likely gather steam in the second half of 2010, reaching an all-time high for the year as Asian companies snap up local assets, a top industry executive said...
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16 August 00:30
A happy ending was sealed last week for another SPAC that had been scouring the PRC for a suitable acquisition target. GSME Acquisition Partner I, a Cayman…
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14 August 11:00
A merger between Brazil's TAM and Chile's LAN airlines would generate synergies likely to add some $3 billion in value to the new group...
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13 August 00:15
Israel’s D.Medical, an as-yet-unprofitable insulin therapy company, has called in some high-end legal talent to help launch its American IPO...
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10 August 13:37
Surging Chinese investment in Brazil is reshaping ties between the countries as companies seek to secure resources and tap the rising consumer class in Latin America's largest economy...
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10 August 11:36
For once, Sao Paulo's horrid traffic could help a local company get somewhere...
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10 August 01:45
A $7.1 billion bid for Red Back Mining, a Canadian-based company active in Africa, has a stable of other mid-tiered gold miners dreaming of similar takeover approaches from larger rivals...
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08 August 19:51
South American OPEC member Venezuela will begin a widely expected $3 billion new debt issue from Monday, Economy Minister Jorge Giordani said...
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05 August 13:19
Chevron Corp urged a federal appeals court not to force it into Ecuador's courts to defend a $27.4 billion lawsuit alleging its oilfields polluted the Amazon rainforest and sickened thousands of Ecuadorians...
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05 August 12:10
China's largest offshore oil producer CNOOC Ltd might bid for BP's stake in Pan American Energy (PAE) if the British oil company sold it to raise money to cover its Gulf of Mexico oil spill costs...
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05 August 10:30
Embratel, the Brazilian phone group controlled by billionaire Carlos Slim, offered to buy all the preferred stock it does not already own in pay-TV company Net Servicos...
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05 August 08:00
Embratel Participacoes, the Brazilian phone group controlled by Mexico's America Movil, offered to buy all the preferred stock it doesn't already own in cable company Net Servicos...
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04 August 06:19
Spain's Santander has sealed the purchase of over 300 UK branches from Royal Bank of Scotland for 1.65 billion pounds and pumped billions of euros into its British arm ahead of an expected spin-off...
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04 August 02:00
Egypt could triple its trade with South American trade bloc Mercosur over the next few years as it pushes to secure food supplies...
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03 August 10:54
Troubled Mexicana de Aviacion has filed for creditor protection in Mexico and the United States after management and employees failed to agree on wage and staff cuts to keep the debt-ridden airline flying...
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03 August 08:54
BP said it had agreed to sell its Colombian oil unit to a consortium of Canada's Talisman Energy and Ecopetrol, Colombia's national oil company, for $1.9 billion...
Reuters News
02 August 19:51
Gold miner Kinross Gold Corp said it will buy the 91 percent of Red Back Mining Inc that it does not already own for around $7 billion to create one of the world's largest gold miners...
Reuters News
28 July 10:00
Spain's Telefonica has won its battle for a bigger share of the burgeoning Brazilian market, raising its offer for Portugal Telecom's stake in mobile operator Vivo to...
Reuters News
28 July 09:53
Brazilian phone giant Oi said that Portugal Telecom would pay 8.44 billion reais ($4.77 billion) for stakes in the company and two operating units, as part of a broader plan to expand in Latin America and Africa...
Reuters News
28 July 04:26
Spain's Telefonica appears to have won its long battle for a bigger share of the Brazilian market after raising its offer for Portugal Telecom's stake in mobile operator Vivo to 7.5 billion euros...
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27 July 18:30
Brasoil Exploration, which is exploring for oil and gas resources in Brazil, aims to raise about C$150 million ($144 million) in an initial public offering to...
Reuters News
26 July 12:39
DLF is buying out the stake held by Dubai World's property arm in an equal joint venture in India for about 2 billion rupees ($43 million)...
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22 July 04:22
British publisher Pearson Plc is investing 888 million Brazilian reais ($499 million) to partner with Sistema Educacional Brasileiro, more than doubling the size of its education business in Brazil...
Reuters News
22 July 00:30
For all the drama of high seas brigandage, many of the risks and costs go unpublicized. Wherever there’s insurance, litigation follows…
Precedent Watch
20 July 01:40
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
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15 July 11:13
Colombia's Grupo Aval said it would buy the Central America-based banking group BAC-Credomatic, controlled by U.S. giant conglomerate General Electric Co. for $1.9 billion...
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14 July 02:30
Major pharmaceutical deals, like those involving Teva and Pfizer, are unfolding under the twin pressures of healthcare reform in the U.S. and downward price pressure on...
Precedent Watch
14 July 01:30
Summer is turning up the heat in the northern hemisphere. As travelers are packing their bags, legal counsel of PRC hospitality and travel companies have been…
Precedent Watch
13 July 17:30
Under China’s Anti-Monopoly Law and the Filing Thresholds Regulations, the State Council has delegated to MOFCOM the right to investigate…
Precedent Watch - Guest Author
12 July 02:00
In a sudden blast from the past, details of the US$1 billion deal between China Unicom and Spain’s Telefonica last year have finally been disclosed. The subscription agreement...
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09 July 01:30
China’s green energy sector may be conjuring up more images of green dollar bills than healthy fields of grass these days. The country’s presence as a major alternative energy mover...
Precedent Watch
08 July 05:28
The European Court of Justice ruled that Portugal's golden share in Portugal Telecom was illegal, opening the way up to a possible conclusion of PT's sale of its Brazilian Vivo unit to Spain's Telefonica...
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07 July 19:00
In early November, 2009, the merger-control regulator of the People’s Republic of China, the Anti-Monopoly Bureau under the Ministry of Commerce, announced…
Precedent Watch - Guest Author
07 July 00:30
Brazilian steel producer Gerdau S.A., looking to establish full control of its Canadian JV Gerdau Ameristeel, recently announced that it has…
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02 July 08:35
Investment flows to the world's four biggest emerging economies -- Brazil, Russia, India and China -- slowed slightly in the first half of 2010 but growth rates and the pace of dealmaking remain strong, data shows...
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02 July 00:30
The deceptive quiet two weeks after the revaluation of the renminbi may continue on for some time. The renminbi, China's currency, which is also known as the yuan, was recently unpegged…
Precedent Watch
01 July 02:00
Usiminas, Brazil's largest maker of flat steel, said it is selling 30 percent of its mining unit to Japan's Sumitomo Corp for $1.93 billion, in a bid to raise cash to develop its...
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01 July 00:30
SMART Technologies of Calgary is on the verge of one of the most highly anticipated Canadian tech IPOs in years…
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30 June 02:30
An agreement signed at the G20 summit last weekend between the Prime Ministers of Canada and India is expected to have a direct impact on deals between the two countries involving the sale of commodities, equipment and expertise...
Precedent Watch
30 June 02:00
Fraud has gone social media, and the SEC is onto it. Pump & dump schemes have moved from the classified pages and spam e-mail to Facebook and Twitter…
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29 June 02:00
Canadian investors have been sending mixed messages to public issuers over the past few months on topics such as corporate social responsibility and say on pay. Though some may have proven all bark…
Precedent Watch
29 June 02:00
In a complex deal involving leading Canadian and U.S. pharma companies (and a who’s who of respective law firms), Canada’s Biovail Corp. has taken a big step up in the ranks of…
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28 June 04:31
The Group of 20 ended a summit saying its top priority was strengthening the shaky economic recovery and pledging to clean up debt-burdened public finances without stunting growth...
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28 June 02:00
If the value of lawyerly corporate structuring ever needed proof, the vortex of events sucking down BP is it. With asset sales and lawsuits by aggrieved shareholders like those of New York state’s pension fund…
Precedent Watch
25 June 12:57
Canada's industry minister said he cleared China's Sinopec Corp to buy ConocoPhillips' stake in the Syncrude Canada Ltd oil sands project...
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25 June 10:14
The vote on Magna International Inc's plan to pay its founder nearly $900 million to give up his controlling shares will go ahead, but only after the company complies with an order by an Ontario regulator...
Reuters News
25 June 02:00
As if successfully doing a global debt offering weren't hard enough, Royal Dutch Shell plc just did a debt doozy, involving three different legal jurisdictions…
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24 June 02:00
The joint venture is often touted as an effective way of pooling resources and tapping new markets without having to bet the house on an acquisition. How ironic, then, that JVs are a driving force behind M&A…
Precedent Watch
23 June 01:00
Two more Calgary outfits are linking up as the consolidation of Western Canadian resource properties continues. Oil and gas player ARC Energy announced last week it is acquiring…
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22 June 09:15
A majority of Magna International Inc's shareholders have cast early votes in support of the automaker's controversial plan to pay its founder a huge premium to loosen his control, the Globe and Mail newspaper said...
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22 June 01:00
Canadian toll road operator 407 International has pulled into the passing lane, announcing the issuance of nearly a billion dollars in new debt in order to pay out a series of notes…
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21 June 13:11
Canada's Biovail Corp will buy Valeant Pharmaceuticals International in a complex deal worth roughly $3.3 billion engineered by the U.S. drug maker to preserve a lower tax structure...
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21 June 12:47
A federal judge agreed to give Goldman Sachs Group Inc more time to respond to a lawsuit filed by U.S. securities regulators accusing the Wall Street bank of fraud...
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21 June 12:00
Canadian construction companies, strengthened by government stimulus projects and the end of the economic downturn, are casting about for acquisitions as the work they bid on gets bigger and...
Reuters News
21 June 02:00
Consolidation on one side, new entrants on another… several recent events suggest there is continued optimism for the credit card industry in Canada. Yet new federal legislation has…
Precedent Watch
17 June 11:24
Magna International Inc gave into regulator and shareholder demands on Thursday to provide them with more information about its controversial plan to pay its founder and chairman nearly $900 million to...
Reuters News
17 June 08:56
Billionaire investor Carl Icahn said in a statement that the cash value of Lions Gate shares tendered through June 16 is about $109.2 million...
Reuters News
17 June 02:00
Deal flow between companies based in Latin America’s hottest economy and the U.S. is picking up. Just this week, Brazilian food company Marfrig Alimentos announced an agreement to acquire...
Precedent Watch
17 June 01:00
Canadian regulators have introduced vast change in the oversight of public issuers over the past decade, but the downstream activities of issuers are often less visible to investors and other prying eyes…
Precedent Watch
16 June 02:00
While BP’s oil continues to spill into the Gulf of Mexico, PRC state-owned giants are also seeping deeper into the western oil scene…
Precedent Watch
16 June 01:00
Relatively unscathed by the financial crisis, Canada’s banking sector continues to seek opportunities to raise funds in receptive U.S. and European markets. The Bank of Nova Scotia has entered into an…
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15 June 02:00
Currency swings have tempted retailers like Sears Canada to change the rules of the game in their tenuous love-hate dynamic with their suppliers. They've long been interdependent parties…
Precedent Watch
15 June 02:00
China has come riding to the rescue of Canadian gold company Crystallex, which has been stuck in Venezuela's regulatory muck. From the terms of the agreement, it seems that Crystallex may have bet the farm...
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14 June 15:30
Canadian Imperial Bank of Commerce, Canada's No. 5 bank, said on Monday it agreed to buy Citigroup's C$2.1 billion ($2 billion) Canadian MasterCard business, becoming a dual credit card issues...
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10 June 18:00
As credit markets continued to be tight and capital markets remained volatile in 2009 and early 2010, many issuers, particularly in the mining industry, raised capital through PIPE transactions…
Precedent Watch - Guest Author
10 June 11:19
GlaxoSmithKline stepped up its drive into emerging markets on Thursday with the acquisition of Argentina's Laboratorios Phoenix for $253 million...
Reuters News
09 June 08:28
Banco Santander said it was to pay $2.5 billion for the 24.9 percent of Santander Mexico it does not own, showing the Spanish bank's expansion ambitions have not been dampened by a raft of buys in the past 18 months...
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09 June 02:00
Chinese companies are rapidly moving into Canada’s resource sector, bringing to the forefront issues of investor protections and controls…
Precedent Watch
08 June 02:00
The use of dual class voting rights in Canada has met significant opposition over the years, with some of the largest shareholders and activists speaking out against the practice...
Precedent Watch
07 June 12:23
Ford Motor Co plans to apply for a license to establish and operate a bank in Canada that would offer guaranteed investment certificates to institutional investors through brokers, the company said...
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07 June 10:48
The Canadian government will release a consultation paper shortly that will outline ways to increase foreign investment in the country's telecom sector, Industry Minister Tony Clement said on Monday...
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07 June 10:07
Coca-Cola Co will pay $715 million to distribute drinks from Dr Pepper Snapple Group, which had earlier reached a similar, but pricier arrangement with PepsiCo...
Reuters News
07 June 01:00
The greasy wake of the BP offshore disaster thousands of miles distant, Petroleo Brasileiro S.A. (Petrobras) announced this week the signing of a…
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04 June 09:00
Montreal-based AbitibiBowater recently announced it has the support of unsecured creditors for a reorganization plan that would swap unsecured debt for equity...
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04 June 05:52
Brazil's central bank chief said on Friday he was confident of keeping a lid on inflation and that the country was contributing to global recovery with its sustained economic growth...
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31 May 00:30
As the first proxy season for say on pay votes at a number of Canadian companies comes to a close, observers may well be mystified by the results...
Precedent Watch
26 May 02:00
A little known corporate finance structure – the covered bond – is gaining a lot of fans in the Canadian banking industry. Now that two Canadian majors have raised…
Precedent Watch
25 May 01:00
Canadian disclosure rules for companies in the mining business are on the verge of change. The CSA has published proposed rule changes that would impact all issuers in the mineral resource sector…
Precedent Watch
19 May 01:30
A group of seemingly unconnected events – the Gulf of Mexico oil disaster, Toyota vehicle recalls, logging in Canada’s northern forests, and the Goldman allegations – have dragged the issue of CSR back into the spotlight…
Precedent Watch
17 May 08:00
Dual voting classes have taken a step back, even in Canada, a dual-class haven. With Canada's Magna International joining U.S. holdout Hyatt in this move over the last several months…
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14 May 12:30
The recent ruling of the B.C. Securities Commission in Icahn Partners LP and Lions Gate Entertainment Corp seems to suggest that securities regulators in Ontario, Alberta and B.C. do not see eye-to-eye...
Precedent Watch
14 May 00:05
Commercial lending may be back in Canada, but the players wisely remain cautious. Nonetheless, it appears many issuers are using this window of opportunity to lock down credit facilities…
Precedent Watch
10 May 04:00
Every public issuer struggles at some point with the question of whether and how to disclose anticipated future earnings or similar guidance. Now, the Canadian Securities Administrators has issued a…
Precedent Watch
07 May 10:00
BP’s ecological disaster in the Gulf of Mexico and the SEC’s recently issued guidance on climate change bring environmental disclosures and concerns to the fore. Yet in today’s global economy, natural resources are…
Precedent Watch
05 May 04:00
Secondary offerings are getting a renewed second look, as companies like Dollarama and Brookfield turn back to equity markets, sometimes quite quickly after their prior offering. Many of these offerings offer all of the pain, but little of the gain, to issuers, as these are…
Precedent Watch
05 May 03:00
In the latest reverse merger of a Chinese company into a U.S. shell company in recent months, City Zone Holdings, an emerging agricultural products distributor, plans to tap U.S. venture capital interest in PRC with a.…
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03 May 04:00
Alpha ATS, one of several alternative trading systems in Canada, has announced it had applied to the Ontario Securities Commission to become a recognized exchange. If approved, Alpha will join the Toronto Stock Exchange…
Precedent Watch
30 April 08:00
Maybe the poor guy from La Mancha was really on to something when he began charging windmills. People have relied on wind power for centuries, yet several factors – among them new laws and regulations – are driving tremendous growth in wind power as of late…
Precedent Watch
29 April 04:00
Canadian deal activity is up substantially in 2010, with mid-market targets and strategic bidders continuing to be the main players. Buyers ranging from Canaccord to Stella Jones to Yellow Pages have been able to...
Precedent Watch
26 April 02:00
Purchasing goods, paying bills… more and more, Canadians are interacting electronically. Now, proposed amendments to several national instruments by the Canadian Securities Administrators are expected to allow for...
Precedent Watch
23 April 06:00
In another sign of possible ripples caused by the SEC’s lawsuit against Goldman Sachs, a Paulson-connected IPO was withdrawn this week. Propel Capital announced earlier this week that it was...
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21 April 08:00
When ISE Limited of San Diego successfully completed its $20 million IPO on the Toronto Stock Exchange last month, it became the 150th U.S.-based company to be listed on the exchange. With a similar number of...
Precedent Watch
19 April 03:00
The returns of say on pay votes for the remaining big Canadian banks are in, and have continued to be overwhelmingly positive…
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16 April 07:00
Lawyers, used ("preowned") car salesmen and fund managers may share the title of "most despised" professions. Yet managing other people’s money is not at all simple, and neither are the agreements which govern Canadian managers...
Precedent Watch
15 April 08:00
Poison pills may be at new lows, but their litigation is on the upswing. For frustrated acquirers like Astellas (by OSI) and Versata (by Selectica), they remain hard pills to swallow…
Precedent Watch
14 April 06:00
Piracy, guerillas, and terrorism may seem like a foreign concept (no pun intended) to U.S. companies, but globalization is ushering these risks onto many firms’ 10-Ks. These groups typically operate outside the scope of government sanctioned activity, yet…
Precedent Watch
12 April 12:00
Energy markets of rebounding and developing countries, including BRIC (Brazil, Russia, India and China) countries, continue growing at monumental rates. As such, Brazilian biofuels appear to be rather attractive investments…
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12 April 04:00
Two heads are better than one, or so the cliché goes. Yet, with its recent decisions to close New United Motor Manufacturing Inc (NUMMI) and buy out its partner in sub-compact and sport utility…
Precedent Watch
05 April 02:00
Debentures are up, and they are clearly a valuable fundraising vehicle for Canadian public issuers. With over 100 issues of publicly traded convertible debentures outstanding…
Precedent Watch
02 April 06:00
Dulled to glowing embers in 2009, the Canadian IPO market seems to be on fire again. There has been a flurry of filings by prospective fundraisers on the IPO front, including successful closings by...
Precedent Watch
29 March 06:00
In light of all the fuss over the past year around shareholders wanting a say in executive pay, early returns on advisory votes at three Canadian financial services companies have proven to be somewhat of a surprise…
Precedent Watch
25 March 05:00
With an aging population and portfolios damaged by the economic turmoil of the past few years, pensions are a sore point these days. In Canada, the issue has received special attention in part because of several recent high-profile restructurings…
Precedent Watch
22 March 04:00
In today's world of ubiquitous communications, the behavior of employees, executives, suppliers and other key players in a business is under extreme scrutiny. Perhaps in reaction, codes of conduct for industries and individual companies seem to be gaining popularity in Canada.
Precedent Watch
18 March 06:00
Nortel Networks recently filed as part of its 10-K agreements or amendments for many of the deals which were at the center of the 2009 headline topping deconstruction of Nortel. This 10-K is a deal lawyer’s treasure trove, as it contains numerous cross-border stalking horse bids from multiple countries…
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17 March 08:00
CNOOC Ltd has been busy keeping its new year’s resolutions. In its forward-looking statements to the SEC earlier this year, CNOOC Ltd disclosed that it expected nine new projects to…
More Precedent
17 March 06:00
In the shadow of scandals of the past decade, regulators and investors are casting a suspicious eye on related party transactions. Enron Tyco, Hollinger, and even the Bank of America/Merrill Lynch fiasco…
Precedent Watch
12 March 08:00
Some things are just too good to last, and it now appears that the fortuitous pairing of two seemingly unconnected groups – income trusts seeking conversion and small tech companies needing funding – has come to an end…
Precedent Watch
12 March 02:00
Nitrogen fertilizer producer Terra Industries has deemed former nemesis CF Industries’ $4.68 billion offer to be a “Superior Proposal” under the Agreement and Plan of Merger it signed with Yara International just last month...
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11 March 08:00
In an enviable spurt of deal activity keeping law firms globally busy, AIG has just signed up for three cash-raising deals valued in excess of $45 billion. Together, these transactions may allow AIG to repay part of what it owes its rich Uncle…
More Precedent
11 March 06:00
New technologies have resulted in a blurring of the lines between various forms of media, with television, print, and many other forms sprouting in non-traditional ways. Against this backdrop of changing parameters, the Canadian media industry faces challenges…
Precedent Watch
09 March 02:00
Over the past six months, observers have raised concerns about the possible impact of several legislative changes on the securitization of vehicles and equipment in Canada…
Precedent Watch
05 March 13:00
Corporate raider Carl Icahn is at it again, but this time his target is in the entertainment sector. Icahn recently filed a cash tender offer for up to 13.2 million shares in Vancouver-based Lions Gate Entertainment…
More Precedent
05 March 06:00
Most companies have critical stress points – particular customers, suppliers, licenses or services upon which they are highly reliant for future success. But when that stress point fractures, things can get very ugly. Just ask CINRAM International...
Precedent Watch
02 March 12:00
Bankruptcy may be hardest on companies, but it’s no picnic for their landlords either. With once-blockbuster tenants like Movie Gallery and Blockbuster reeling from the twin impacts of RedBox and the recession, already-troubled commercial real estate companies are…
Precedent Watch
01 March 03:00
Canada’s Competition Bureau has perhaps never been as active on multiple fronts as it has been over the past year. A new commissioner, broad changes to the Competition Act, new…
Precedent Watch
24 February 01:15
Product recalls, a la Toyota, may keep many an executive up at night – but their lawyers will be up even later. While crisis management and a tsunami of bad press is the focus of executives, lawyers recognize this for what it is: the tip of the product liability iceberg...
Precedent Watch
19 February 10:00
Islamic finance is at an interesting crossroad in its young history and is facing an array of new challenges. Several hot issues are occupying Islamic finance’s leadership, from contract interpretation to global dispute resolution to restructuring-related concerns. . .
Precedent Watch
19 February 04:30
With ties between Canada and China growing stronger, and China’s increasingly outward focus, it’s no surprise that 2009 saw some big moves by Chinese investors looking to stake a position in Canada. But the relationship between Canadian and Chinese businesses is far from a one-way street...
Precedent Watch
19 February 04:00
Banco Santander Brasil has commenced a secondary offering of 29 million American Depositary Shares (ADS). The financial services company looks to earn up to….
More Precedent
12 February 11:00
Insider reporting is going through some significant changes in Canada, with shorter reporting deadlines and the effective consolidation of provincial reporting requirements narrowing the gap between Canadian rules and U.S. standards…
Precedent Watch
10 February 03:30
To win any competition, good tools and training are key. To succeed at M&A deals is no exception, judging from recent epic bidding battles for corporate control, such as Agrium/CF and Kraft/Cadbury...
Precedent Watch
08 February 07:00
More than 80 countries are expected to participate in this year’s Winter Olympic Games, set to commence February 12, in Vancouver. This multi-billion dollar bonanza for sponsors and suppliers...
Precedent Watch
03 February 07:00
In Canada, cleantech is cleaning up. With more than 120 cleantech and renewable energy companies listed on the Toronto Stock Exchange and TSX Venture Exchange, Canada is already home to more listings than any other country in the world…
Precedent Watch
01 February 11:00
The revitalization of the worldwide merger market continues to improve, as illustrated by cross-border printers agreeing to amalgamate...
More Precedent
01 February 07:00
Securities regulators around the globe are taking a second look at problems underlying the market crisis over the past two years in their efforts to prevent a future systemic meltdown, and Canadian officials are no exception...
Precedent Watch
29 January 13:45
Corel Corp., an Ontario-based software provider, has recently been contacted by the Securities Exchange Commission (SEC) regarding a...
More Precedent
27 January 09:00
Breaking up is always the hardest part, as some “wallet-broken” stakeholders are finding out in bankruptcy court. Capmark, Nortel, Canwest and others are spiraling out of existence with each asset sale…
Precedent Watch
21 January 08:00
Companies involved in “big” M&A have recently seen competition (antitrust) regulators in action. Just ask merger partners Petro-Canada and Suncor, which were required to sell off 104 retail gas stations…
Precedent Watch
18 January 11:00
Though Islamic finance has made significant headway in Europe and the U.S., it remains in relative infancy in Canada. In one notable development though, in late December, Toronto-based company Ansar Financial and Development Corporation filed a prospectus for…
Precedent Watch
13 January 07:00
Limited partnerships and trusts may be due for a comeback in 2010. In 2009, LPs raised $1.8 billion through 31 separate Canadian offerings, while trusts like ARC Energy just completed a $250 million offering of units…
Precedent Watch
08 January 08:00
Last month, TSX Staff published a Notice providing guidance on a hodge-podge of topics likely to impact issuers. Staff addressed anti-dilution provisions for convertible securities, the addition of a cashless exercise feature to stock option plans, and …
Precedent Watch
08 January 07:00
Chinese reverse mergers have spread from Nevada targets all the way to Quebec. For a particularly artful two-step, consider Amico Games...
More Precedent
07 January 06:30
Kids sure do grow up fast these days – even those of the corporate variety. In the past month alone, Time Warner set AOL free, Bristol Myers said goodbye to Mead Johnson Nutrition, and...
Precedent Watch
05 January 12:00
In a growing trend, companies are leaving tropical tax havens in anticipation of greater EU and U.S. tax regulation of haven-seekers. The latest: global insurance brokerage Willis Group has...
More Precedent
30 December 06:30
A few days from now, when everyone emerges from the haze of holiday celebrations, Canadian issuers will find themselves with just one year left to get their ducks in order for IFRS compliance. From mineral exploration company Platmin to…
Precedent Watch
24 December 08:30
In a further sign of the return of riskier second lien facilities, with equity kickers to boot, Hughes Telematics Inc announced it had entered into a $15 million Second Lien Credit Agreement…
More Precedent
24 December 07:00
Infrastructure deals are going legit, prompted by profit motives, private equity and $150 billion in investment promised by the U.S. government. The $4 billion bid for Transurban and…
Precedent Watch
24 December 06:30
“Big dollars for bigwigs” could be the catchphrase for 2009 and a rallying cry as 2010 begins. With much focus on new disclosure requirements for banks in the U.S. and U.K., Canada is oft-overlooked. Yet it shouldn’t be…
Precedent Watch
23 December 12:30
In a sign that corporate credit may loosening, fertilizer and feed products company Potash Corporation of Saskatchewan garnered a $2.5 billion revolving term credit facility from…
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21 December 06:00
Chinese issuers continue to seek access to western capital pools, with Toronto joining New York and even Frankfurt as favored western offering markets. In return, China-based companies are being received with open arms by the Canadian markets, though their disclosures continue to portray a hint of skepticism…
Precedent Watch
18 December 07:00
Mergers are set to get tougher, oddly, even while acquisitiveness and financing markets seem to be picking up. Blame the merger review process, with over 100 national merger review boards, each with its own rules and processes…
Precedent Watch
17 December 17:00
The biggest TARP-recipients are now scrambling to pay it back. In particular, both Citibank and Wells Fargo have recently announced historic issuances with proceeds to be used to repay U.S. taxpayers…
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14 December 06:00
In this era of conservative consumer spending and increased competition, advertising has become a hot topic in the business and legal communities, playing out of late in the Canadian court system. Imagine, after all, a world in which products were marketed as …
Precedent Watch
11 December 06:30
There's a gold rush on uranium – the “un-commodity”. While many other commodities are both somewhat sought after and freely tradable, uranium is urgently sought after and urgently restricted…
Precedent Watch
08 December 06:00
With all the attention that executive compensation has been getting of late, it would only seem logical that Canadian issuers would take special care when it comes to compensation disclosures. According to the CSA, however…
Precedent Watch
04 December 06:30
Here’s something you don’t see every day: A remarkably unified front of public issuers and investors pushed back on new corporate governance regulation proposed by securities regulators…and the regulators folded, putting new legislation on the backburner…
Precedent Watch
25 November 06:30
Great West Life, Baytex Energy, Premium Brands and Jazz Air all have recently taken advantage of a seemingly healthy market for convertible debt in Canada. These markets are greeting new issues with open arms, attracted by the hybrid nature of such instruments…
Precedent Watch
24 November 08:30
Burlington Northern CEO Matthew Rose has waived his compensation and benefits that he would have received as a result of the merger with Warren Buffet’s Berkshire Hathaway. In a November 17, 2009 letter filed with the SEC, Rose disclosed…
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23 November 11:00
Nortel disclosed the completion of its wireless assets to Ericsson last week, as the previously announced $1.13 billion sale of Nortel’s CDMA business and LTE access assets was recently concluded...
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23 November 05:30
Fundraising, deal activity and average dollars per investment are all down – not good signs for counsel acting for start-ups or VC firms. Last week, in fact, Canada’s Venture Capital & Private Equity Association (CVCA) reported that domestic VC activity…
Precedent Watch
18 November 09:00
Green Mountain Coffee Roasters Inc announced the acquisition of Toronto based Timothy’s Coffees of the World from an affiliate of Sun Capital Partners for $157 million in cash…
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18 November 06:30
M&A is back, and with it, so are breakup fees. Deals from HP/3Com to Berkshire/ Burlington Northern and PE’s Millburn/Cossette deal show a striking range of fees and conditions. It’s clear from these deals that the market has absorbed some of the lessons learned from the 2008 raft…
Precedent Watch
18 November 06:00
Initial public offerings and disclosures go hand in hand and IPO activity continues to be strong. Many of the issuers of the uptick are…
Precedent Watch
17 November 15:30
Ontario based IESI-BFC and Waste Services Inc enter into merger agreement...
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17 November 10:00
Montreal-based Intertape Polymer Group (IPG), a plastic and paper packaging company, announced Friday that it will voluntarily delist its shares of common stock from the New York Stock Exchange…
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17 November 06:00
Carbon assets and related trading are big issues for businesses of all sorts. Realizing this, Markit, the Montreal Climate Exchange, and the NYSE Euronext have taken early strong positions in the carbon marketplace…
Precedent Watch
16 November 05:30
The Canadian Radio-Television Telecommunications Commission’s (CRTC) decisions often fail to attract high profile attention, yet those decisions, particularly those relating to foreign ownership restrictions, can have a major impact on the telecom industry. The CRTC's influence on competition, for example, was illustrated by…
Precedent Watch
13 November 15:00
In connection with the issuance of $546 million in Senior Secured Transition Bonds on November 6, 2009, Entergy Texas Restoration Funding has entered into various transition agreements with…
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13 November 06:30
Going private transactions (GPTs) may be coming back in style, with the cautious blessing of the SEC. Recent GPT activity such as Harbinger/SkyTerra, TPG/CPP/IMS Health, OSG/OSG America, along with the perhaps surprising…
Precedent Watch
13 November 02:00
Coal-fired opportunities are powering back up, almost in spite of climate change concerns. Savvy players from NRG to the Tennessee Valley are taking notice. Sitting in the cross-hairs of emerging climate change regulation and lingering real estate troubles…
Precedent Watch
11 November 06:30
When a big business teeters on the edge of failure, a broad array of third parties cringe. Suppliers, creditors, employees, and even the tax man – for each of these, the threat of that first domino toppling over can be significant…
Precedent Watch
09 November 06:00
Investment Canada has become a topic of much interest over the past year. Long viewed as a fairly docile regulator, its quiet ways appear to be coming to an end…
Precedent Watch
30 October 11:30
Just as the tech sector took off in the late 1990s, the energy now appears to be gearing up as the sector to watch. The latest sign? Encana Corp, a Calgary Alberta corporation, intends to separate itself into highly focused energy companies…
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29 October 12:00
Brazil chalks up yet another large deal, this time with the acquisition by Votorantim Celulose e Papel S.A. (VCP) of Aracruz Celulose. The deal was structured as a restructuring under Brazilian law...
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09 September 02:00
Amid the ongoing spate of PRC green capital raising, the nation’s largest non-state owned wind turbine maker has filed for an IPO in New York…
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09 September 01:37
(Reuters) Australia's competition regulator blocked National Australia Bank's $12 billion bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its dominance in the world's fourth-largest wealth management market.
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08 September 20:23
Hong Kong-based private equity firm First Eastern Investment Group will take a stake in All Nippon Airways' planned low cost carrier (LCC), the Nikkei business daily said on Thursday...
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08 September 20:04
French insurer AXA SA <AXAF.PA> said it was reviewing its options on how to expand in Asia after Australia's competition regulator blocked National Australia Bank <NAB.AX> from taking over its Australian arm and selling the Asian operations to AXA SA...
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08 September 07:41
For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman...
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08 September 06:45
Shanghai Pharmaceuticals Holding Co Ltd, the Chinese partner of Roche Holding AG, said it plans to raise at least 8 billion yuan ($1.2 billion) through a public share offering in...
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08 September 06:22
Thailand's top energy firm, PTT Pcl, said it had put in a bid to buy the Thai operations of French retailer Carrefour SA, which analysts expect to fetch about $600 million...
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08 September 03:32
Saudi state-owned Saline Water Conversion Corp (SWCC) has awarded a $2.44 billion power plant contract to a group led by China's Sepco III Electric Power Construction Corp...
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07 September 21:14
Foster's Group Ltd, Australia's largest brewer, said it rejected a private equity offer worth up to $2.5 billion for its wine unit as too cheap and would continue with the split of its beer and wine businesses...
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07 September 19:22
Vodafone, the world's largest telecommunications operator by revenue, said it sold its 3.2 percent stake in China Mobile for $6.6 billion...
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07 September 15:05
China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp, the world's largest fertilizer supplier...
Reuters News
07 September 13:16
Pipeline operator Enterprise Products Partners LP said it will buy holding company Enterprise GP Holdings LP for $8.03 billion, the second such deal in a month, to simplify its corporate structure and...
Reuters News
07 September 06:32
American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion...
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07 September 01:00
The designation of Morgan Stanley and China Investment Corp. as bank holding companies is complicating the regulatory approval process for the duo’s investment agreement…
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06 September 22:00
Addressing a central complaint of foreign businesses, Vice President Xi Jinping said that China will treat overseas suppliers fairly when they bid for public procurement contracts...
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06 September 21:22
China's Zijin Mining said it had terminated a plan to acquire Congolese copper miner Platmin Congo Limited after the agreement expires...
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06 September 20:46
China will intensify efforts to encourage industrial consolidation and to draw factories inland from crowded coastal regions, government directives said, warning officials to leave such decisions to companies...
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06 September 20:35
British Airways would be interested in discussing a merger with Qantas Airways, if Australia's top airline was a willing party, BA Chief Executive Willie Walsh said in a newspaper interview...
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06 September 19:43
New Zealand's biggest airport, Auckland International Airport Ltd., will meet with Australian bond and equity investors to update them on the firm's annual results, it said...
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06 September 04:40
British fund management firm City Financial said it has launched an Asian fund of hedge funds in a move designed to tap into the rapid development of the hedge fund industry in the region...
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06 September 04:04
Indian billionaire Mukesh Ambani's Reliance Industries, which has struck three shale gas joint ventures with U.S. firms this year, may make a full buyout next as the cash-rich firm builds the...
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06 September 03:34
AstraZeneca stepped up its drive into emerging markets by striking another licensing and supply deal with an Indian generic drugmaker, this time Aurobindo Pharma...
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06 September 02:29
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
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06 September 00:15
Corporate governance practices in China have caused brows to furrow among China-based businesses, with companies from China National Offshore Oil to China Mobile and…
Precedent Watch
05 September 23:00
Australian rail and ports operator Asciano Ltd will meet with Asian and U.S. bond investors, a source in discussion with the company said...
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05 September 21:46
China plans to relax rules to allow smaller fund houses to launch overseas investment products, the Securities Times reported on Monday, citing an unnamed source...
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05 September 20:45
China will allow insurers to broaden investment channels into private equity and real estate, a move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector...
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05 September 00:05
The U.S. is even more of a global capital market than many realize. Not only do foreign companies list on U.S. exchanges but scratch beneath the surface and even ostensibly American companies may be...
Precedent Watch
05 September 00:05
Beverages are being mixed throughout Asia with the recent pickup in beverage M&A in the Asia Pacific region. Most recently, Japan’s Kirin Holdings Company announced that it had acquired liquor company…
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02 September 22:00
Australian iron ore miner Fortescue Metals and its CEO have been sued by the company's third-largest shareholder to stop it from raising funds, citing a breach of a 2006 funding deal...
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02 September 18:59
Australia's dominant phone provider Telstra Corp said its Chinese subsidiary SouFun Holdings Ltd had filed for an initial public offering with the U.S. Securities and Exchange Commission...
Reuters News
02 September 18:44
Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer...
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02 September 10:15
American International Group Inc has filed an application with the Hong Kong Stock Exchange seeking approval to list its Asian life insurance business...
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02 September 07:05
Indonesian coal miner PT Harum Energy, owned by Tanito Coal Group, aims to raise as much as 4.1 trillion rupiah ($455 million) in its initial public offering, based on the share price range set...
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02 September 04:39
Baidu Inc, operator of China's dominant search engine, said that it will focus its future mobile Internet investments on its core search business as it takes aim at the next big Internet space...
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02 September 04:12
Essar Group and other Indian, Southeast Asian and Australian firms have expressed interest in Australian miner Kangaroo Resources' GPK coal project in Indonesia, a Kangaroo executive said...
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02 September 04:03
Indian energy major Reliance Industries, controlled by billionaire Mukesh Ambani, has bought an additional 0.68 percent in EIH Ltd, raising its holding to 14.8 percent in the hotel chain...
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02 September 02:07
European companies are not quitting China for other countries despite complaints about the growing difficulty of doing business, the European Union Chamber of Commerce in China said...
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02 September 01:30
Land use rights have been on the tip of tongues in China lately as business owners take care to avoid ending up like BYD. The Buffet-backed auto maker is currently under investigation…
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01 September 22:29
China's Sinochem has hired HSBC bank to advise it on its options regarding Potash Corp, the target of a $38.6 billion hostile bid from BHP Billiton...
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01 September 17:39
Australian energy firm Santos Ltd plans to raise as much as A$2 billion ($1.8 billion) in a rights issue to fund its Curtis Island liquefied natural gas project, The Australian newspaper said...
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01 September 05:30
China's Brightoil is wrestling with top players BP and Shell for leadership of the world's largest fuel oil market, in a tough trading climate that makes it difficult for any...
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01 September 02:26
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT...
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01 September 01:30
Unfazed by the summer heat in the northern hemisphere, the global energy M&A binge is gaining momentum. Asia-Pacific companies in particular have demonstrated an ongoing appetite for assets outside Asia…
Precedent Watch
31 August 21:12
China Strategic Holdings Ltd said that it was disappointed by a decision by Taiwan regulators to block American International group Inc's (AIG) planned $2.2 billion sale of Taiwan unit...
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31 August 04:54
Taiwan regulators rejected AIG's planned $2.2 billion sale of its Taiwan unit to a China-related group, citing regulations on mainland investment, and leaving the insurer facing another auction...
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31 August 00:30
Northern Trust Corp said it has been granted a license by the China Banking Regulatory Commission, which would allow it to set up a banking branch in Beijing...
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30 August 18:05
President Barack Obama broadened U.S. financial sanctions on North Korea, freezing the U.S. assets of eight North Korean companies or agencies and four individual citizens...
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30 August 11:39
Three numbers should suffice to give Chinese economic policymakers a sleepless night: 65.4 million, $28.7 billion and $2.45 trillion...
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30 August 10:56
India's top listed conglomerate, Reliance Industries, pushed ahead with its strategy to diversify into new businesses by acquiring a 14.1 percent stake in hotel chain EIH Ltd for $217.5 million...
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30 August 03:08
A former Taiwanese diplomat who says he wants to "save" American International Group's Taiwan unit from being bought by a Chinese firm is lining up a $2.5 billion bid with Japanese and...
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30 August 02:30
As the world’s derivatives markets race to take over global competitors, the potential impact of Dodd-Frank looms large...
Precedent Watch
30 August 02:00
Japanese and Qatari investment firms may consider a bid for American International Group's Taiwan unit if a current bid for it does not go through...
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30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch
30 August 00:00
In a deal which spans from Kuala Lumpur to London and treads the complexities of a part Malaysian, part UK share offer, Tanjong Capital, a special purpose vehicle, has made a conditional takeover offer for…
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29 August 21:57
South Korea's POSCO, the world's No.3 steelmaker, is considering buying Norwegian silicon maker Elkem AS, POSCO Chairman Chung Joon-yang said...
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29 August 20:30
Chinese retailer GOME Electrical Appliances Holding Ltd said it had received a letter from a firm owned by its jailed founder and biggest shareholder...
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29 August 12:53
Singapore plans to invest S$60 billion ($44 billion) over the next decade to double its suburban rail network to cope with the city-state's growing population, Prime Minister Lee Hsien Loong said on Sunday...
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29 August 01:30
Fund firm Castlestone Management plans to launch a portfolio investing in emerging markets from the Philippines to Iran, hoping they will show the same rapid growth seen in China and India in...
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27 August 08:41
Steelmaker Corus, owned by Tata Steel, said it had reached an agreement with Thailand's SSI on the potential $500 million sale of its mothballed Teesside plant in northern England...
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27 August 07:35
After last year's flurry of stock offerings made Hong Kong the world's top spot for IPOs, the city is bracing for another surge, with companies targeting up to a combined $6 billion in...
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27 August 05:02
India's value-added (VAS) telecom service providers are girding up to raise money from the primary market as they get ready to support India's plan to launch 3G services that promises to boost telecom profits...
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27 August 00:45
Rumoured to be gunning for a large chunk of American utility company InterGen, China’s leading electricity producer appears to be…
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26 August 11:24
COOEC, the offshore arm of China's state-owned oil firm CNOOC, is looking for Norwegian partners to strengthen its position in deepwater drilling worldwide, a senior COOEC executive told Reuters...
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26 August 09:43
Vodafone is likely to sell assets in Poland, China and eventually France as it starts a retreat from sprawling international expansion designed to appease investors who believe it needs more discipline...
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26 August 06:29
China Life, the world's most valuable insurer, said it has not held talks with AIG since March, despite reports it may be part of a Chinese consortium that aims to buy 30 percent of AIA...
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26 August 04:19
Vodafone Essar, India's No.3 mobile company, has decided not to proceed with an initial public offering of the joint venture for now, sources familiar with the matter told Reuters...
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26 August 03:41
The number of subscribers for PT Indosat, Indonesia's No. 2 mobile phone operator, may hit 40 million by year end, based on the firm's growth forecast, and putting it only just ahead of rival XL Axiata...
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26 August 03:35
Adani group plans to invest in a $1.6 billion coal railway project in Indonesia's South Sumatra province...
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26 August 03:08
Japan's Asahi Breweries Ltd said it will buy closely-held Australian fruit juice maker P&N Beverages for A$364 million ($322 million) to help fuel its overseas expansion...
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26 August 01:30
Despite bearing witness to mounting troubles associated with European debt woes, Japan has been pumping stacks of government bonds into the market, which have been slurped up by institutional investors and foreign governments...
Precedent Watch
25 August 20:39
China's top offshore oil and gas producer, CNOOC Ltd, has signed an agreement with Australia's Roc Oil and Horizon Oil to develop two oil fields in China...
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25 August 13:29
Korea National Oil Corp said it had posted offer documents to Dana Petroleum shareholders as it pressed ahead with its 1.67 billion pounds hostile takeover bid for the British firm...
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25 August 02:00
American International Group Inc is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA...
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25 August 01:00
In a sea of outbound investment activity among Chinese companies, the business goals and IPO of one company in particular is turning heads. Lizhan Environmental Corporation is preparing to…
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24 August 20:26
Japan's Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains...
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24 August 02:40
The Thai government approved a $2 billion plan to expand capacity at Bangkok's Suvarnabhumi Airport by 50 percent with a new passenger terminal, connecting tunnel, third runway and parking areas...
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24 August 00:05
Now that Google is back in China, the search engine may find things have slightly changed in its absence. In particular, some of its competitors have packed on some M&A weight…
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23 August 21:34
AIG said it was committed to closing its $2.2 billion sale of Taiwan unit Nan Shan Life to a buyer group led by China Strategic and was confident the stalled sale would get Taiwan regulatory approval...
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23 August 21:07
State-run Korea National Oil Corp will not consider raising its $2.6 billion hostile takeover offer for British oil explorer Dana Petroleum in return for management backing, KNOC's chief executive said...
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23 August 04:30
Beverage groups SABMiller and Asahi Breweries are looking at Foster's Group's beer operations, valued at more than $10 billion, but have not yet made any formal offers, sources said...
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22 August 21:25
British oil explorer Dana Petroleum will press Korea National Oil Corp to drop its 1.87 billion pound ($2.9 billion) hostile takeover bid and raise the offer in return for board recommendation...
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22 August 02:13
The Dubai government, which is restructuring $23.5 billion (15.1 billion pounds) in debt, will launch a roadshow for fixed-income investors in Asia starting on August 26...
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22 August 02:08
Billionaire financier George Soros has bought a 4 percent holding in Bombay Stock Exchange for about $35 million, two sources with direct knowledge of the deal told Reuters...
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20 August 07:30
China's securities regulator took fresh steps to improve the pricing mechanism of initial public offerings, allowing more institutions to participate in bookbuilding and...
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20 August 01:00
Money flowing out of China in the form of outbound investment has been popping up in record amounts in the form of international listings, overseas acquisitions and…
Precedent Watch
20 August 00:15
Qatar’s $3.5 billion conventional bond issue may be the season’s most noteworthy Islamic finance deal…
Precedent Watch
19 August 22:14
Air China and the municipal government of Beijing are in talks to set up a new airline that would focus on business travel, the China Business News reported on Friday, citing unnamed sources...
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19 August 21:05
Hong Kong's PCCW sold $500 million of bonds due in 5-½ years at a coupon rate of 4.25 percent, a source close to the deal said...
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19 August 20:41
State-run Korea National Oil Corp plans to go to shareholders of UK oil explorer Dana Petroleum with a 1,800 pence per share offer worth $2.6 billion, after Dana's management rejected its bid proposal...
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19 August 18:00
The following statement was issued today by the law firm of Barroway Topaz Kessler Meltzer & Check...
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19 August 18:00
The Hong Kong Government has recently released the conclusions to its public consultations on a corporate rescue scheme. A statutory regime to facilitate corporate restructurings for...
Precedent Watch - Guest Author
19 August 17:10
Duoyuan Global Water, China’s leading water treatment equipment supplier, has fared well through the nation’s flood season. Guo Wenhua, the company’s CEO, recently announced the results of its second fiscal quarter on August 18 2010…
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19 August 05:30
India's security agencies are testing ways to access corporate email on Blackberry devices by obtaining encrypted data in a readable format, a government source said...
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19 August 04:19
Thai Airways International Plc said it was reviewing plans for a budget airline alliance with Singapore's Tiger Airways after two big Tiger shareholders and its chief executive sold discounted shares in...
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19 August 01:46
India's telecoms ministry has suggested a formula by which security agencies can get access to corporate email on Research In Motion's Blackberry devices, the Economic Times reported...
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19 August 01:30
In boomtown Macau, Melco Crown Entertainment has been busy tending to securities housekeeping. The casino operator, which has also branched into…
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19 August 01:00
Coal, the ugly duckling of energy, is maintaining its appeal in India despite a growing movement in the alternative energy sector in other countries…
Precedent Watch
18 August 16:20
General Motors Co filed for an initial public offering of stock The IPO could raise as much as $20 billion, people with knowledge of the preparations have said...
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18 August 15:05
Merger and acquisition activity in Brazil will likely gather steam in the second half of 2010, reaching an all-time high for the year as Asian companies snap up local assets, a top industry executive said...
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18 August 10:24
Nidec Corp said it will buy two of Emerson Electric's motors businesses in a deal believed to be worth up to $820 million, adding to a surge in overseas deals by Japanese firms seeking growth and...
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18 August 04:13
Marius Kloppers does not want to fail to be big -- again...
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18 August 03:09
General Motors and China's SAIC Motor Corp deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the...
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18 August 01:17
China Everbright Bank shares surged 17 percent on their Shanghai debut, trumping forecasts for the $3 billion IPO and boding well for at least $20 billion in China bank fundraising in the pipeline...
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17 August 22:40
China Huaneng Group, the nation's biggest electricity producer, is in advanced talks to buy a 50 percent stake in U.S.-based power utility InterGen NV for about...
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17 August 12:26
Germany's BASF will build a new dispersions plant in Huizhou in China's Guangdong province to meet growing demand from southern China, the chemicals group said...
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17 August 07:40
"Dark pools" and other alternative trading systems are not as big a threat to Asia's bourses as they are for their western counterparts, given regulators' reluctance to...
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17 August 05:05
Regulatory hurdles could delay Vedanta Resources' purchase of a stake of up to $9.6 billion (6.1 billion pounds) in Cairn India, but the buyer and analysts see them as unlikely to derail the deal...
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17 August 04:51
China took a new step on Tuesday to promote the use of the yuan beyond its borders, a strategic initiative to raise the global profile of the currency while retaining capital controls to shield its economy from speculators....
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17 August 04:24
China drew 29 percent more foreign direct investment (FDI) in July than a year earlier, with global firms still flocking to the country to build factories and set up research centres despite a bout of labour unrest....
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17 August 03:00
China Huaneng Group Corp and Datang Corp, the country's top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could...
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17 August 02:44
The rising yen is helping reignite a push by Japanese companies to snap up overseas assets and secure growth outside their sluggish home market, after the financial crisis quieted their dealmaking last year...
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17 August 02:26
India, which has threatened to block some BlackBerry services over security worries, has formally asked mobile operators to ensure a monitoring system for the smartphone's services by August 31...
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17 August 00:30
The BlackBerry controversy has exposed an internet trap for unwary companies and lawyers alike. Governmental threats to giants like Google, Yahoo and RIM impact…
Precedent Watch
16 August 22:02
China drew $58.35 billion in foreign direct investment in the first seven months of the year, 20.7 percent more than in the same period of 2009, the Ministry of Commerce said...
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16 August 21:19
South Korean earphone and headset maker Cresyn said on Tuesday it had not given any improper commissions to an Apple global supply manager charged with accepting kickbacks from Asian companies...
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16 August 20:58
Trading in shares of Denway Motors Ltd was suspended, the Hong Kong exchange said....
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16 August 13:39
Canadian fertilizer maker Agrium Inc offered $1.1 billion for Australia's AWB, trumping a rival bid from local player GrainCorp, as it seeks to expand its global retail operations...
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16 August 12:37
Chinese cement producer West China Cement Ltd raised US$179 million after pricing its Hong Kong initial public offering at top of an indicated range, sources familiar with the deal said...
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16 August 08:20
Vedanta Resources plans to spend up to $9.6 billion clinching control of Cairn India, giving billionaire mining magnate Anil Agarwal a slice of India's oil reserves and...
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16 August 07:00
BlackRock Inc, the world's biggest fund manager, said it will buy Taiwanese fund management firm Primasia Investment Trust...
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16 August 04:19
Vedanta to buy stake in Cairn India for £5.4 - 6.1 billion...
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16 August 01:00
Despite the PRC State Council’s reaffirmation of its continued support for foreign direct investment, the terms of a recent FCPA settlement between the SEC and General Electric has some U.S. investors pausing to cross their legal Ts and dot their due diligence Is…
Precedent Watch
16 August 00:30
A happy ending was sealed last week for another SPAC that had been scouring the PRC for a suitable acquisition target. GSME Acquisition Partner I, a Cayman…
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15 August 17:01
Agricultural Bank of China (AgBank) said it had fully exercised an over-allotment option for the Shanghai portion of its initial public offering, taking total proceeds from the offer to...
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12 August 20:41
China Life and two other Chinese companies may not proceed with bids for stakes in American International Group's Asian unit AIA ahead of the unit's planned IPO...
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12 August 19:52
Private equity firms General Atlantic and Apax Partners have agreed to effectively underwrite a planned stockmarket float of SouFun, China's second-largest online real estate website...
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12 August 18:10
India, the world's fastest-growing telecom market, said it would hobble Research In Motion's BlackBerry smartphone unless the company gives it the keys to decode encrypted email and messages by the end of August...
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12 August 02:32
Insurer Prudential said it had trimmed the cost of its failed bid for AIG's Asian unit as it reported a forecast-beating half-year profit, helped by a strong performance from its own Asian business...
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12 August 01:30
Magnachip Semiconductor, a Delaware technology maker may be readying its forces to IPO in the United States, after a withdrawn attempt earlier this year. Fresh from Chapter 11 restructuring…
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11 August 22:50
Foreign banks may soon be allowed to underwrite bonds issued by non-financial companies on China's interbank markets, a newspaper reported...
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11 August 22:39
MakeMyTrip Ltd, an India-based online travel company, conducted a $70 million initial public offering, selling shares at the high end of the the expected range, an underwriter said...
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11 August 21:17
Australian airport operator MAp Airports said it expects to sell its 16 percent stake in Mexican airport operator Grupo Aeroportuario del Sureste de Mexico or Asur for $207 million...
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11 August 07:45
China has been buying record amounts of Japanese government debt because it is less risky than U.S. debt, at least in the short term, a Chinese government economist said...
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11 August 05:07
The Reserve Bank of India said it intends to grant a limited number of new bank licences, a move that was earlier flagged by the government to expand the geographic reach of the sector...
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10 August 18:02
The U.S. Commerce Department is analyzing a court ruling that strikes at its ability to simultaneously apply two sets of import duties on goods from China, a department official said...
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10 August 18:00
China’s insurance market is one part huge opportunity and two parts legal maelstrom. As global insurers like Prudential Plc know, China is starved for vital business protection products…
Precedent Watch - Guest Author
10 August 13:37
Surging Chinese investment in Brazil is reshaping ties between the countries as companies seek to secure resources and tap the rising consumer class in Latin America's largest economy...
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10 August 09:15
Industrial and Commercial Bank of China Ltd, the world's most valuable bank, said it would pay shareholders of its Hong Kong arm a 27 percent premium to take it private...
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10 August 05:02
Three groups including India's Mahindra have made binding offers to buy the troubled South Korean car maker Ssangyong Motor Co, Yonhap news agency reported...
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10 August 04:34
State-run Oil and Natural Gas Corp has proposed to Russian major Rosneft that the two jointly bid for strategic Trebs and Titov fields in the Arctic north, Vedomosti reported...
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10 August 02:30
All the talk of a wind energy-filled future may appear to be little more than hot air, with key legislation diminished and then delayed. But private innovators like Google have stepped in where the government fears to tread…
Precedent Watch
10 August 01:52
Australia's conservative opposition pledged to scrap the Labor government's planned $38 billion high-speed broadband network in favour of a cheaper and smaller private scheme, if it is elected...
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10 August 01:45
A $7.1 billion bid for Red Back Mining, a Canadian-based company active in Africa, has a stable of other mid-tiered gold miners dreaming of similar takeover approaches from larger rivals...
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09 August 19:25
Chinese carmaker Jianghuai Automobile Co said it plans to invest about 30 billion yuan ($4.4 billion) on production of new-energy cars through a partnership with a private equity firm...
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09 August 12:00
BlackBerry maker Research In Motion is facing demands for access to its encrypted data in some of its fastest-growing markets…
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09 August 09:31
Rupert Murdoch's News Corp said that it will sell control of its three Chinese TV channels to a fund backed by China's No.2 media company, in a pullback from the market after years of difficulty...
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09 August 04:28
Japan's Toshiba Corp and Tokyo Electric Power said they will sell back their convertible debentures in Uranium One for $265 million after the Canadian uranium producer agreed to a...
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09 August 02:00
Two foreign subsidiaries of Alliance One International Inc, a global tobacco leaf merchant based in North Carolina, have pleaded guilty today to transgressing the Foreign Corrupt Practices Act by...
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08 August 20:56
Australia's competition regulator agreed to consult the market on National Australia Bank's proposals to salvage its $12 billion takeover of AXA Asia Pacific, giving it a glimmer of hope the deal would eventually succeed...
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08 August 20:26
China bought a net 508.0 billion yen ($5.94 billion) in short-term Japanese bills in June, extending a record buying spree of Japanese debt seen since the start of the year...
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08 August 02:00
Reports of a sukuk demise may be premature as two sizeable offerings this summer from Malaysia and Abu Dhabi attest…
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06 August 05:34
Russian oil major LUKOIL is expected to sign a $1.5 billion loan to finance a $3.44 billion share repurchase from ConocoPhillips, banking sources told Reuters...
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06 August 05:15
The move suggested that AIG will soon learn the fate of the Nan Shan sale, after the U.S. firm and the group made concessions several times in their push to break a deadlock that has stalled it for nearly 10 months…
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06 August 04:32
Apple Inc is in takeover talks with Chinese software maker Handseeing, an executive of the Chinese company said...
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06 August 02:00
The delisting of Hutchison Telecommunications, which has been in the works since early 2010, recently drew attention from New York securities regulators, who honed in on…
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06 August 01:00
Bangalore-incorporated Biocon, an emerging pharmaceutical leader in India, has entered into a rarely seen English law manufacturing and supply agreement with…
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05 August 12:40
Baidu, China's biggest web search engine, is aiming to make more overseas investments in the near future, its chief executive said...
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05 August 12:08
Acer Inc, the world's No.3 PC brand, said it aims to book revenue of $2.5 billion in China next year and expects to become Asia's No.2 PC brand, helped by a deal with China's Founder Technology Group Corp...
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05 August 03:49
Kuwaiti telecom firm Zain said it received $295.4 million from India's Bharti Airtel, as part of the sale of its African assets...
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05 August 00:30
Turning to a Starbucks-like model of expansion, one pharmaceutical company seems to be adopting the mantra of “more factories are better than one” in an effort to stake out its position…
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04 August 22:10
China's banking regulator has instructed lenders to test the impact of a fall in house prices of up to 50 percent in key cities where prices have risen sharply, banking and regulatory sources said on Thursday...
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04 August 21:53
U.S. fund manager Russell Investments said it is planning to put more money into the retail and office property sectors in Asia as the region leads the global economic recovery...
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04 August 12:32
FGIC Corp filed for bankruptcy protection, saying it was not paid dividends by its troubled bond insurance unit Financial Guaranty Insurance Company since the onset of the...
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04 August 12:00
The Hong Kong Securities and Futures Commission's recent update on the deterioration of standards in listing applications has led some in the industry to call for...
Precedent Watch
04 August 04:29
Several coal and mining projects in Indonesia with a combined value of $14 billion may face delays as a forest moratorium could make it harder for them to obtain forestry land-use permits...
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04 August 03:32
Cash-rich Asian businesses are expected to make more cross-border acquisitions in the next 18 months as they aim to expand in high-growth economies abroad, a survey released...
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04 August 02:20
Malaysian state investor Khazanah sold S$1.5 billion ($1.1 billion) in sukuk, Singapore's largest Islamic bond issue, which could help ignite interest in the city state's fledgling sukuk market...
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04 August 01:00
The EU’s sweeping sanctions against Iran have left some western companies in the lurch, but business with Iran still appears to be largely unchanged throughout the Asia Pacific region…
Precedent Watch
03 August 23:58
POSCO, the world's No.3 steelmaker, said it has set up a steel joint venture in Indonesia with the country's top producer PT Krakatau Steel, as it seeks to raise overseas sales and...
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03 August 22:18
China Everbright Bank's IPO shares reserved for strategic investors have been hugely oversubscribed, signalling strong demand for the potentially $2.9 billion offering as stock markets recover...
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03 August 21:32
State-controlled Thai Airways International Pcl has proposed a 20 billion baht ($620 million) rights offering to pay off debt, but the Finance Ministry will decide the final amount...
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03 August 07:26
The head of Japan's Asahi Breweries said he expects to have $9.2 billion on tap for acquisitions over the next five years as it looks for new growth drivers outside the shrinking domestic beer market...
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03 August 07:15
South Korea's Hanwha Chemical will acquire a 49.99 percent stake in Chinese photovoltaic cell maker Solarfun Power Holdings Co for 434 billion won...
Reuters News
03 August 03:37
Australia's Linc Energy has agreed to sell its Galilee coal tenement to Adani Enterprises in a cash and royalty deal worth A$3 billion, Linc's chief executive told Reuters...
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03 August 03:34
Indonesia's state enterprises minister said that China Investment Corp (CIC) had said it was interested in investing up to $25 billion in Indonesia...
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03 August 02:03
Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data...
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03 August 02:00
Mauritius has proven itself a jewel in the hands of clever lawyers looking to do deals from rapidly developing India to the Islamic Gulf. With its mix of friendly corporate and…
Precedent Watch
02 August 22:29
Taiwan's Hon Hai Precision Industry Co Ltd, also known as Foxconn Technology Group, opened a new $100 million production factory in the central Chinese province of Henan, as the group began to...
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02 August 21:00
Medium-sized Chinese brokerage GF Securities said it planned to raise up to 18 billion yuan ($2.65 billion) in a private share placement to help it...
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02 August 15:17
HSBC's North American chief executive expects the new U.S. financial reform law to cost it at least $110 million in annual revenue...
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02 August 07:41
China's Geely completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker...
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02 August 05:30
A U.S. arms control official urged China, which has always promoted dialogue with Iran over its nuclear program, to observe sanctions against Tehran aimed at forcing it to...
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02 August 02:00
IP dramas worthy of Hollywood show U.S. courts to have assumed a central role on China's integration into world markets and exchanges. While alleged IP infringement isn't news, handling them in the U.S. is, and is fraught with risk...
Precedent Watch
02 August 02:00
China Ceramics, a producer of building tiles, is taking steps to protect itself against unannounced takeovers through a three-step buyback of some of its shares issued …
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01 August 19:55
Flag carrier Thai Airways International Pcl and Singapore's Tiger Airways Holdings Ltd confirmed they planned to form a new low-fare airline...
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01 August 12:12
Sri Lanka said it would invite outside investors into its $1.5 billion Hambantota port project, the keystone of a $6 billion post-war infrastructure revitalisation drive...
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30 July 02:30
Australia's GrainCorp has agreed to buy smaller rival AWB in an A$855 million ($769.6 million) surprise deal to bulk up against big global rivals like Bunge Ltd, Cargill and Glencore...
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30 July 02:00
Billionaire Li Ka-shing has offered to buy UK power grids from France's EDF for 5.8 billion pounds ($9.1 billion), giving his companies a foothold in more lucrative overseas markets...
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29 July 23:58
A patchy recovery in the United States is a big industry concern, in particular for Japanese carmakers, which rely heavily on that market for profits…
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29 July 21:01
Google Inc said its earlier report that Internet search services in China were being fully blocked could have been the result of a technical glitch that overstated the problem...
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29 July 19:42
Toyota Motor Corp is considering offering cash incentives of 50,000 yen ($580) per car to its dealers throughout Japan from Oct. 1, the Tokyo Shimbun newspaper reported...
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29 July 08:44
Japan's Panasonic Corp said it would buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion in cash and shares to accelerate its push into greener businesses...
Reuters News
29 July 01:32
Indonesia expects foreign direct investment to rise more than expected this year, as new and existing investors are drawn by strong consumer demand and increased stability in Southeast Asia's biggest economy...
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29 July 01:00
Mining, petroleum and mineral companies looking to list on the Hong Kong Stock Exchange now must comply with additional reporting standards…
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28 July 22:20
Malaysian billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong Plc, the second of his listed firms in three days in a deal worth 4.4 billion ringgit ($1.38 billion)...
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28 July 21:20
British media buying group Aegis is in late stage talks to buy Mitchell Communication Group, its Australian rival, for 200 million pounds ($312.4 million), the Daily Telegraph said...
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28 July 17:06
The IMF has softened its criticism of China's currency regime in recognition of Beijing's efforts to free up its exchange rate but the move showed a split among the Fund's member countries...
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28 July 10:40
Industrial & Commercial Bank of China, the world's most valuable bank, plans to raise up to 45 billion yuan ($6.64 billion) through a rights offer, the latest in a...
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28 July 06:30
BAE Systems and Rolls-Royce will supply India with 57 Hawk military training jets in a deal worth around 700 million sterling ($1.09 billion)...
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28 July 04:39
Shares of Aluminum Corp of China Ltd (Chalco) were suspended, as its state-run parent said it would hold a signing ceremony on Thursday likely to be attended by Rio Tinto executives...
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28 July 04:20
British Prime Minister David Cameron tried to persuade India to do more business with Britain as he seeks new sources of economic growth to offset deep cuts in public spending at home...
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28 July 03:45
Aviva Plc, Britain's second largest insurer, wants to boost its stake in its Indian joint venture to 49 percent as soon as regulations allow, its chief executive told Reuters in an interview...
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28 July 02:30
Google may be turning green with envy over Baidu’s recently released unaudited financial results for its fiscal second quarter. The Chinese language search provider inherited a…
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28 July 01:00
Somehow, the philosophy of ‘everyone’s gotta eat’ has not been translating into gushing profits for the world’s agribusiness conglomerates. Cutthroat competitors Archer Daniels Midland, Cargill and Bunge, among others, are reporting something in common to shareholders…
Precedent Watch
27 July 18:32
Corporations in the United States are in "much better shape" than the market is pricing, and present strong growth opportunities even if the economy slips into a "double dip" recession...
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27 July 18:00
The Australian corporate regulator's latest foray into the area of disclosure has highlighted a growing tension within the financial services sector between the Corporations Act and the push for shorter...
Precedent Watch
27 July 08:45
Merck & Co said it struck a deal with Sinopharm Group Co Ltd to market the U.S. drugmaker's cervical cancer vaccine and other vaccines in China...
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27 July 07:50
) The new laws are part of the west's latest attempt to pressure Tehran to drop its nuclear enrichment program, limit financial transfers and ban deals with the...
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27 July 05:44
Angel Broking, a stock broking and wealth management firm, is in talks with private equity firms to raise as much as 3 billion rupees ($64 million), said three sources with direct knowledge of the matter...
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27 July 02:00
In a strange wave of oil and smoke déjà vu to the Gulf of Mexico, China grapples with two man-made environmental disasters in less than two weeks: an oil spill in Dalian and a chemical leak near Zijinshan…
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27 July 02:00
India's central bank raised interest rates more forcefully than expected in the face of inflation that has held stubbornly above 10 percent for the past five months...
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27 July 01:30
Ageas, formerly known as Fortis, has agreed to sell its Turkish insurance business to BNP Paribas, a further step in the Belgium-based group's streamlining of its operations...
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26 July 23:15
Chinese developer Shimao Property Holdings said it hired banks to help arrange a series of meetings with investors ahead of a planned dollar bond issue…
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26 July 23:00
China's banking regulator has run stress tests in the country's trust firms to see if they can withstand a downturn in the property sector, the Economic Observer reported on Saturday, citing unidentified industry sources…
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26 July 22:15
Japanese government bonds were little changed in a market struggling to find short-term cues after the results of European bank stress tests and ahead of economic data at...
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26 July 17:27
Online travel company MakeMyTrip Ltd filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock...
Reuters News
26 July 10:21
Malaysian state investor Khazanah trumped India's Fortis Healthcare in a takeover battle for Singapore's Parkway with an offer that values Asia's biggest listed hospital operator at $3.3 billion...
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26 July 05:15
China Everbright Bank's plan to raise up to $2.9 billion in a Shanghai IPO has been approved by the securities regulator, two sources said, in what will be the latest Chinese bank to try and...
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26 July 01:45
Carlyle Group has agreed to sell Kbro, Taiwan's largest cable TV operator, to the controlling shareholder of Taiwan Mobile in a deal worth about...
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26 July 01:30
Much of the US$55 billion in outbound investment, invested in the first half of 2010 by Chinese entities, can be credited to agile corporate counsel. Navigating through the maze of China’s outbound investment laws, these lawyers…
Precedent Watch
25 July 22:30
The African Union said Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank…
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25 July 22:00
Taiwan's Tsai family, which controls Taiwan Mobile, will buy Carlyle Group's Taiwan cable TV unit Kbro in a T$65 billion ($2 billion) deal, local media reported...
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25 July 09:19
German airport operator Fraport is in talks with a Chinese partner as it seeks expansion opportunities overseas, the German firm's chief financial officer told Frankfurter Allgemeine Sonntagszeitung...
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23 July 01:45
Indian shares rose to their highest level in two-and-a-half years, bouyed by a rally in world equities and better-than-expected quarterly earnings by outsourcer Wipro...
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22 July 22:18
One of the toughest struggles in the negotiations was just how interwoven Volvo had become with the wider Ford Motor Group including safety and in-car-entertainment equipment...
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22 July 21:30
CITIC Group is considering a $12 billion listing in Hong Kong, a move that can help the state-owned conglomerate raise its profile and reduce debt...
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22 July 21:12
JFE Holdings Inc, Japan's second-biggest steelmaker, plans to invest about $1 billion in India's JSW Steel Ltd, Bloomberg reported, citing a person with knowledge of the deal...
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22 July 19:56
Sumitomo Mitsui Banking Corp is considering investing in and possibly acquiring major banks in North America, the Nikkei business daily reported...
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22 July 15:39
The State Bank of India sold $1 billion of five-year notes, said IFR, a Thomson Reuters service...
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22 July 04:26
Investment banks are once again luring top rival talent with generous guaranteed pay packages that may convince a top banker to jump ship, while also inviting scrutiny from regulators across the globe...
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22 July 01:30
Global companies, take note of the Agricultural Bank of China’s neat ruse to improve the prospects of its recent Hong Kong IPO…
Precedent Watch
21 July 23:10
U.S. lawmakers called for tough new measures to punish China for its failure to stop widespread piracy and counterfeiting of U.S. goods ranging from music CDs to manufactured products…
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21 July 22:00
U.S. mobile phone maker Motorola Inc sued former employees and rival Huawei Technologies Co and Lemko Corp, alleging they conspired to steal trade secrets...
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21 July 20:26
Baidu Inc, China's dominant online search engine, said it expected its traffic acquisition costs to remain at current levels, following a sharp drop over the last year...
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21 July 15:30
A curious trend is developing among powerful sovereign and state-backed investment funds: despite being super rich in mainly oil-generated wealth...
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21 July 14:28
British defense group BAE Systems is seeing unprecedented levels of interest from Middle East and Asian customers and is close to sealing a 500 million pound ($765.2 million) deal to sell Hawk jets to India...
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21 July 12:15
Australia-based Paladin Energy Ltd said it plans to make an offer to buy out the remaining shares of NGM Resources it does not already own for about...
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21 July 02:15
The conditions look ripe -- debt markets are up, companies' valuations soft -- but foreign private equity firms eyeing deals in Australia may now have to put their plans on...
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21 July 01:30
In the PRC’s highly regulated economy, listed companies and business not directly in the real estate sector can be intimately affected by regulatory changes such as those pertaining to zoning and land-use…
Precedent Watch
21 July 00:30
U.S. and Chinese media companies have at least thing in common – no it’s not their love of kung fu movies. Companies on both sides of the Pacific are restructuring…
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21 July 00:05
Hong Kong's Securities and Futures Commission has announced plans to regulate credit rating agencies based in the city, in an effort to keep up with...
Precedent Watch
20 July 23:15
AIA, the Asian life insurance unit of American International Group, is seeking backing from potential investors to cut ties with its U.S. parent by listing more than half its equity in the Hong Kong market….
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20 July 22:08
PCCW and its chairman's privately owned fund plan to rescue debt-laden Vivacom, Bulgaria's biggest fixed-line operator, by jointly investing 180 million euros ($232 million) in return for a 51 percent stake...
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20 July 17:00
A South Korean consortium including KR Plant Service & Engineering Co, has secured a $1 billion order from Saudi Arabia to lay optical cables underground, a state trade agency said...
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20 July 08:00
A panel of capital markets regulator Securities and Exchange Board of India set the stage for overhauling the corporate takeover code, potentially making deals more...
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20 July 01:40
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
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20 July 01:00
The initial public offering of China-based Ambow Education Holdings spotlights a notable sector blooming in the PRC: the increasingly lucrative industry of privatized education…
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19 July 20:42
India's Tata Steel has started talks with lenders including Citigroup to refinance as much as 3.5 billion pounds ($5.4 billion) in loans for its British unit, Bloomberg reported...
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19 July 12:08
Energy major Reliance Industries is in talks with Texas-based Quicksilver Resources, including for a possible buyout of the U.S. firm that develops shale gas and coal-bed methane...
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19 July 09:45
Nokia Siemens Networks is buying Motorola Inc's telecom network equipment business, boosting its position in North America and taking number two spot in the cut-throat mobile gear market...
Reuters News
19 July 09:35
China's main state-run television station accused the country's top Internet search engine Baidu Inc of directing users to websites that sell counterfeit drugs, the People's Daily reported...
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19 July 03:15
China's overall insurance premiums in the first six months rose 33.6 percent from a year earlier to 799.9 billion yuan ($118 billion), the China Insurance Regulatory Commission...
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19 July 03:11
Bailed-out insurer American International Group Inc (AIG) named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on...
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19 July 02:30
Perhaps surprisingly, even in this wizened post-BP age, ultra deepwater drilling is going on unabated, leveraging some of the same structures as BP/Transocean…
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19 July 02:00
India is gaining new corporate renown as, via acquisitions and exchanges, its companies migrate worldwide…
Precedent Watch
19 July 02:00
WPP Digital takes stake in digital advertising measurement firm in China...
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19 July 01:20
Bright Dairy, majority owned by Bright Food Group, will take a 51 percent stake in the milk processing arm of the privately-owned Synlait, which is a small player in the dairy export market dominated by giant co-operative Fonterra…
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18 July 23:08
Malaysian state investor Khazanah may have to pay more than S$4.00 a share for Singapore's Parkway, or at least 3.1 percent above its share price to ward off rival bidder Fortis Healthcare...
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16 July 06:45
Private equity firms TPG and Carlyle submitted a final joint bid for Australian hospital group Healthscope, a spokeswoman the consortium...
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16 July 06:15
Even before bankers can finish celebrating the completion of Agricultural Bank of China's roughly $20 billion offer, they're preparing for an invite to another major IPO party…
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16 July 06:00
Agricultural Bank of China's $19.3 billion IPO limped across the finish line after a three-month sprint, its modest Hong Kong debut reflecting concerns over...
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16 July 04:31
Wall Street reform clears Congress...
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16 July 04:00
Hong Kong investment bankers were just wrapping up work ahead of the long Easter weekend in early April when they were hit with a proposition that would upend their holiday plans...
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16 July 02:30
A recently enacted tax disclosure law from China is threatening to take the world by storm, even shaking public markets in the U.S., Hong Kong, Canada and Bermuda…
Precedent Watch
16 July 02:15
A newly hatched Malaysian IPO demonstrates the lure of iconic American brands, yet in a decidedly un-American style offering...
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16 July 00:15
Buy shares in a leading British company and you might be buying more than you bargained for, as emerging market deals come into play…
Precedent Watch
15 July 12:03
Gold edged up after China's growth data for the second quarter was slightly weaker than expected, helping revive the precious metal's allure as a hedge at a time of economic uncertainty...
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15 July 06:20
Two health care takeovers in Australia were reaching a turning point on Thursday with chatter on financing clouding a $1.6 billion bid for Healthscope...
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15 July 05:55
Canada's second-biggest pension manager has revived efforts to buy an Australian toll-road operator with a C$3.5 billion ($3.4 billion) bid for Sydney-based Intoll Group...
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15 July 05:17
Nippon Telegraph and Telephone Corp is buying South African IT firm Dimension Data for up to 2.12 billion pounds ($3.2 billion) to expand into overseas markets, including in fast-growing Africa...
Reuters News
15 July 04:34
Google Inc's Indian unit and Tata Communications TATA will partner to provide web-based business connectivity tools to companies in India, Tata Communications said in a statement...
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15 July 01:00
While some China-based solar companies are infused with enthusiasm towards the PRC green sector, one company is treading carefully. NASDAQ-listed China Sunergy recently…
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14 July 02:46
Tata Steel denied a media report the company was planning to raise about $2 billion through fresh equity over the next quarter to help fund expansion. "Nothing at this point"...
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14 July 02:30
Major pharmaceutical deals, like those involving Teva and Pfizer, are unfolding under the twin pressures of healthcare reform in the U.S. and downward price pressure on...
Precedent Watch
14 July 01:36
Arrow Energy shareholders approved a $3.05 billion takeover by Royal Dutch Shell and PetroChina's, clearing the way for a final legal go-ahead due later this week...
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14 July 01:30
Summer is turning up the heat in the northern hemisphere. As travelers are packing their bags, legal counsel of PRC hospitality and travel companies have been…
Precedent Watch
13 July 17:30
Under China’s Anti-Monopoly Law and the Filing Thresholds Regulations, the State Council has delegated to MOFCOM the right to investigate…
Precedent Watch - Guest Author
13 July 12:22
The board of American International Group Inc is expected to meet this week to consider the future of the insurer's Asian life business, AIA...
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13 July 06:00
The venture will be majority owned by Shanghai Aircraft Manufacturing Co, Ltd, a subsidiary of the state-owned Commercial Aircraft Corporation of China (COMAC), with Eaton owning 49 percent…
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13 July 04:00
African Minerals Ltd has sealed a second investment deal with a Chinese group for its flagship iron ore project in Sierra Leone, selling a 25 percent stake to Shandong Iron & Steel for $1.5 billion...
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13 July 01:38
Retail sales rebound in June...
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13 July 00:00
Essar Energy plc, the India-focused integrated energy company, today announced that its subsidiary, Essar Power Limited (EPL), has entered into binding agreements for...
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12 July 06:30
Guxiang, a company that operates Google's websites in China, was included in a list of more than 200 companies that had their licenses renewed...
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12 July 05:27
Blackstone Group will manage a $2-billion-plus Asian real estate fund of Bank of America-Merrill Lynch, in a deal that will close in the third quarter, sources familiar with the situation told Reuters...
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11 July 05:30
The China Insurance Regulatory Commission (CIRC) plans to let insurance companies decide the assumed interest rate on conventional life insurance policies...
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09 July 02:00
Lenovo-affiliate and tech giant AsiaInfo Holdings, Inc. just completed its merger with Linkage Technologies Holdings…
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08 July 10:15
Banks are set to step up sales of struggling hotels, a boon for buyers such as private equity and sovereign wealth funds pursuing prestigious addresses and higher returns versus other commercial properties...
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08 July 01:30
China's measures to gradually cool its property market will probably work, although more transparency is needed in bank lending to local governments...
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07 July 19:00
In early November, 2009, the merger-control regulator of the People’s Republic of China, the Anti-Monopoly Bureau under the Ministry of Commerce, announced…
Precedent Watch - Guest Author
07 July 12:24
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
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07 July 04:58
Australia formally launched a programme that allows companies or their products to be certified carbon-neutral in a bid to boost their corporate image and fight climate change...
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07 July 02:46
ICBC, the world's most valuable lender, may raise up to $6.6 billion in new funding, sources said, joining Agricultural Bank of China, which priced its IPO to be the world's largest, in a rush to raise billions of dollars...
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06 July 05:15
The implications of the auction for Taiwan cable TV company CNS may be felt far wider than just by the seller and the buyers involved...
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04 July 19:30
Wilmar International has entered an agreement with Australia's CSR Ltd to buy the latter's sugar and renewable energy business for A$1.75 billion ($1.47 billion)...
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02 July 08:35
Investment flows to the world's four biggest emerging economies -- Brazil, Russia, India and China -- slowed slightly in the first half of 2010 but growth rates and the pace of dealmaking remain strong, data shows...
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02 July 08:20
Bank of China Ltd, China's No.4 lender, plans to raise up to 60 billion yuan ($8.8 billion) through a rights offer, the company said in a statement...
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02 July 04:44
Now that China is staying true to its word and letting the yuan trade a bit more freely, analysts and investors outside the mainland may not be prepared for one potential outcome: a yuan drop...
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02 July 02:11
Australia ended a damaging dispute with global miners on Friday by dumping its "super profits" tax for a lower resources rent tax backed by big miners, clearing a major hurdle to call an early election...
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01 July 08:30
U.S. agricultural processor Archer Daniels Midland Co said it will invest $100 million in a Chinese bank and open an office in Beijing as part of its goal to boost sales in China...
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01 July 04:13
Agricultural Bank of China's Hong Kong share offering has been more than 10 times oversubscribed by institutional investors, signalling their healthy interest in the dual-market listing that could end up...
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01 July 04:00
Private equity firms completed two of the only significant buyout deals in Australia since the global financial crisis, led by the $570 million sale of university programme provider Study Group...
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01 July 02:00
Usiminas, Brazil's largest maker of flat steel, said it is selling 30 percent of its mining unit to Japan's Sumitomo Corp for $1.93 billion, in a bid to raise cash to develop its...
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01 July 01:09
Fortis healthcarealong with its founders have made an open offer for all of Parkway Holdings for S$3.21 billion (US$2.3 billion), an adviser to the Indian hospital chain said...
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01 July 00:30
When the government both competes and regulates, the outcome of the competition should rarely be in doubt…
Precedent Watch
30 June 20:30
Japan's Hitachi Ltd said it would transfer most of its stake in an LCD panel joint venture to Panasonic Corp for $717 million, shrinking its investment in the venture to 5 percent...
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30 June 03:47
Indonesian telecommunications company PT Indosat said that it has extended the deadline for holders of its debt due in 2010 and 2012 to accept its offer to buy back the bonds...
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30 June 01:00
Financial services disclosure has been of particular interest since the implosion of the global financial system...
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29 June 12:41
Saudi Telecom Company, the Arab world's largest telecom company by market value, may buy 10 percent to 15 percent stake in a newly created GTL-Reliance Infratel tower unit...
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29 June 10:43
Google Inc said it will stop automatically rerouting users in China to an uncensored search page, a move that aims to preserve its operating license and signals a fight to save the firm's Chinese business...
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28 June 19:55
The International Monetary Fund said it had approved the disbursement of the delayed third tranche of a $2.6 billion loan to Sri Lanka...
Reuters News
28 June 08:44
PT Media Nusantara Citra said it will continue with a plan to issue $300-$400 million in bonds in the fourth quarter of 2010, despite concerns that Europe's liquidity problems could force it to pay higher coupons...
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28 June 04:31
The Group of 20 ended a summit saying its top priority was strengthening the shaky economic recovery and pledging to clean up debt-burdened public finances without stunting growth...
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27 June 19:18
Australia's dominant phone company, Telstra Corp will look to go on the acquisition trail as it prepares for life as a retail-only telecommunications company, its chief executive told Australian media...
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25 June 12:57
Canada's industry minister said he cleared China's Sinopec Corp to buy ConocoPhillips' stake in the Syncrude Canada Ltd oil sands project...
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25 June 12:13
Buyout funds are making a comeback, scouring deals from Australia to America after nearly two years of virtual shutdown, but private equity-backed M&A volumes remain far short of the boom times...
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25 June 09:42
Japan's No.2 bank, Mizuho Financial Group, said it would raise a slightly higher-than-expected $9.6 billion in a previously flagged global offering that will boost its shares outstanding by 38 percent...
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25 June 07:15
Hospital operator Fortis Healthcare said the Government of Singapore Investment Corp had decided to defer a preferential investment but the sovereign wealth fund will evaluate participating in broader fund raising by Fortis...
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25 June 05:17
PT Bakrie & Brothers, the holding company for Indonesia's Bakrie family, said on Friday it was considering a rights issue for PT Bakrie Telecom...
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24 June 18:27
The Australian government signalled that it was now open to renegotiating the 40 percent headline rate of its proposed mining tax, which has angered miners and worried voters...
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23 June 06:19
Whether it's snapping up glitzy buildings or stakes in luxury carmakers, Qatar's state fund has its hands everywhere -- and more high-profile deals are expected, fuelled by the Gulf state's natural gas riches...
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23 June 01:00
Australia’s ‘super tax’ on its natural resource sector seems set to change the face of the industry, leading companies from BHP Billiton, Rio Tinto and…
Precedent Watch
23 June 00:15
The apparently boundless growth potentials of telecom and Islamic finance have come together in the fertile soil of Indonesia…
Precedent Watch
21 June 12:28
Shareholders of Fujitsu Ltd voted for all of its board members, including two whom a proxy adviser had recommended be removed following a scandal over the resignation of the company's former president...
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21 June 10:42
Egypt's Maridive and Oil Services said on Monday it won contracts to build two vessels in a Chinese shipyard and had cancelled two jobs in India...
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21 June 08:33
Rio Tinto and BHP Billiton moved closer to a $116 billion iron ore joint venture after the Western Australia government approved the plan in return for payment of higher mining royalties, a deal that undermines...
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21 June 03:55
Agricultural Bank of China has received an $800 million investment from the Kuwait Investment Authority, sources said, in a deal that means Middle East funds will take up more than half...
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18 June 05:20
Sovereign wealth funds from the Middle East, European banks, and Asia's third-richest person are said to have committed to invest in Agricultural Bank of China's IPO, likely to be the world's biggest at...
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18 June 04:31
Sony Corp CEO Howard Stringer took home $4.5 million plus stock options in the past financial year -- when the electronics giant lost close to $450 million -- making him one of the highest paid executives...
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18 June 02:30
Kohlberg Kravis Roberts & Co said on Friday it would buy Intelligence Ltd, a unit of cable broadcaster Usen Corp, for 32.5 billion yen ($357 million), making it the private equity giant's first significant deal in Japan...
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17 June 17:19
Sri Lanka's government on Thursday said it plans to repurchase the majority stake of Royal Dutch Shell's local arm Shell Gas Lanka, in the second announced buyback of formerly state-owned assets in two months...
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17 June 07:44
Asia could account for a quarter of global solar capacity in five years, possibly overtaking the United States, if the region's policy makers continue to enact measures supporting solar use...
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17 June 02:00
Technology M&A is white hot with recent deals from Hewlett Packard, IBM, and SAP. Now even Japan’s technology sector is heading stateside and prowling for acquisitions…
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17 June 00:15
Proving one man’s trash is another man’s treasure, the recent reverse merger of TradeOn, Inc., offers another in a series of roadmaps for entrepreneurial companies to gain public listings...
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16 June 02:17
Indonesia's central bank said it would issue longer-dated debt and widen its overnight policy corridor in a bid to manage strong capital inflows and divert them away from the short end of the market...
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16 June 02:00
While BP’s oil continues to spill into the Gulf of Mexico, PRC state-owned giants are also seeping deeper into the western oil scene…
Precedent Watch
15 June 06:15
Indonesia may provide tax incentives for sukuk issues and sharia bank deposits to better compete with Malaysia, the world's top sukuk market...
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14 June 13:34
Japan-based IT services company NTT Data Corp said it agreed to buy New Jersey-based Intelligroup Inc for about $199 million through an all-cash tender offer...
Reuters News
14 June 06:38
Indonesia's Gunawan family, which controls 46 percent of PT Bank Panin, is in ongoing talks to sell its controlling $1.4 billion stake in the bank...
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11 June 11:51
Reliance Industries, India's largest-listed conglomerate, said on Friday it will buy a 95 percent stake in Infotel Broadband Services for 48 billion rupees ($1.03 billion)...
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11 June 01:00
Qatar’s Lilliputian size belies its deal-making prowess. Pound-for-pound, it may be the world’s richest (non-tax haven) country, but Qatar hasn’t put all its eggs in the energy basket...
Precedent Watch
10 June 05:58
Indian utility Reliance Power has signed an agreement with Indonesia's Sugico Group to acquire three coal mines for an upfront payment of 5 billion rupees ($106 million)...
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09 June 22:25
South Korea's Woori Investment & Securities is set to launch a unit in China by the end of the year as part of a push to expand its global presence and strengthen its Asia business, its CEO said on Tuesday…
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09 June 16:00
AutoNavi Holdings Ltd, a provider of digital map content and navigation in China, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of...
Reuters News
09 June 13:18
An Australian hedge fund is suing Goldman Sachs Group Inc over an investment in a subprime mortgage-linked security that hastened the fund's demise in 2007, a lawyer for the fund said...
Reuters News
09 June 02:00
A draft of red-hot Agricultural Bank of China’s prospectus was filed with the China Securities Regulatory Commission on June 4 2010. Hailed as ‘the big one,’ the IPO of the last of China’s Big 4 banks seems to have shrunken somewhat from…
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07 June 23:10
Costs for upstream oil projects are likely to rise after the BP Gulf oil spill, a senior executive at Malaysia's national energy firm Petronas said on Tuesday...
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07 June 22:30
The maker of Diet Pepsi, Sierra Mist and Tropicana juice, and its partner Strategic Beverages (Thailand) Co Ltd, now own 50.1 percent of Serm Suk after buying 658 million baht ($20 million) in a tender offer launched April 30…
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07 June 11:55
Swire Pacific launched a HK$9.4 billion ($1.2 billion) bid for Hong Kong Aircraft Engineering Co Ltd on Monday after agreeing to buy out Cathay Pacific Airways' remaining stake in the firm...
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07 June 02:00
As ad hoc mediators such as China and the U.S. tiptoe around renewed tensions between North and South Korea, general counsel and management of both local and international companies are thinking about what to disclose to investors…
Precedent Watch
06 June 07:29
UK insurer Prudential is not considering a renewed attempt to buy AIG's Asian life unit, a spokesman for the company said on Sunday, denying a media report that a fresh takeover proposal was in the works...
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03 June 23:57
Indonesia's state-controlled PT Telekomunikasi Indonesia (Telkom), said on Friday it expects a tower deal with Singapore Telecommunications (Singtel) to be completed this year...
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03 June 14:54
BNP Paribas and the Colakoglu Group, the majority shareholder in Turkey's TEB, signed a memorandum of understanding for the merger of TEB and Fortis Bank's Turkish unit Fortis Bank AS...
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03 June 12:15
As part of the Company's planned expansion into Hong Kong and other parts of Asia, The Amergence Group announced today that it has concluded an agreement with PanPacific Business to...
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03 June 10:53
Malaysian lender Affin Holdings has become a stumbling block in billionaire Quek Leng Chan's $1.6 billion plan to create the country's fourth-largest banking group...
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03 June 10:39
United Parcel Service Inc said on Thursday that it had formed an alliance with PosLaju, a Malaysian courier company...
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03 June 08:05
Singapore Exchange said on Thursday it will invest S$250 million ($178.4 million) in a new trading engine to lower costs for overseas customers and encourage them to trade more regularly through the exchange...
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03 June 05:04
Global miner Xstrata threatened to scrap $5.4 billion in Australian coal and copper projects, blaming a new mining tax and taking the value of new developments put on hold to above $20 billion in just a month...
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02 June 16:32
The dramatic unravelling of UK insurer Prudential's bid for AIG's Asian life unit heralds an era of aggressive shareholders taking boards to task, contrasting with the all-bark-no-bite attitude of the past...
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02 June 04:06
UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG's Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced...
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02 June 03:49
Taiwan's publicly invested companies, worth about $100 billion to the central budget, have started selling to China in one of the strongest signs of trust between two governments after decades of hostilities...
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02 June 00:00
Among the key points under discussion in the world's most active IPO market is how much the company will float and what kind of valuation AIA could get from the offering…
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01 June 21:32
Prudential Plc said on Wednesday it is withdrawing from its effort to buy AIG's Asian life insurer, an expected move by the U.K. group after AIG turned down a $30.4 billion offer for the company...
Reuters News
01 June 10:00
Prudential's bid for rival AIG's Asian unit appeared close to collapse after AIG rejected the British insurer's lowered offer of $30.38 billion in cash and shares...
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31 May 01:00
State media whispers that China will launch new investment venues such as futures trading for foreign institutions have tongues wagging about the Qualified Foreign Institutional Investor Scheme (QFII)…
Precedent Watch
26 May 04:00
In a global takeover deal virtually designed to create air miles, billable hours, and precedent banks for lawyers, three companies from different corners of the world are in the grips of a hostile takeover…
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26 May 01:00
The maturing tastes of Chinese consumers have been keenly tracked by global food companies of all shapes and sizes. Smaller food companies are even jostling…
Precedent Watch
25 May 03:00
Alongside China’s big banks, the country’s smaller state-owned lenders are also scouring for cash through bond or share sales. Overseas financial companies have partnered with…
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24 May 08:03
Global miner Rio Tinto said it is reviewing all investments in Australia due to a proposed new tax, describing the country as its No.1 sovereign risk concern and sending a weak Australian dollar even lower...
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21 May 01:30
In the aftershocks of China’s 2008 melamine tainted milk scandal, financial investors such as BlackRock Inc. and Morgan Stanley are fighting to recoup their investments…
Precedent Watch
20 May 06:00
Business risk is mounting on the streets of Thailand as security forces and anti-government demonstrators are clashing in the capital, Bangkok…
Precedent Watch
20 May 06:00
PRC banks are getting serious about their corporate loans and are imposing more stringent lending criteria on borrowers. One U.S.-listed company is even facing…
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19 May 01:30
The Prudential offering document has now been filed, and it is clear proof, if any was needed, of the dare we say monstrous size and complexity of this transaction. This was perhaps to be expected from a deal that is both the undoing of the now-notorious AIG and…
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18 May 06:00
Supersized raising plans have been baking for banks in China, and the oven timer is about to go off. After the PRC government boosted requirements for the capital adequacy ratio by…
Precedent Watch
17 May 06:00
In an attempt to fatten up its finances, a well known Chinese fitness company plans to offer sweet retainers not only to its customers but to venture capitalists as well…
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13 May 00:30
Legal controversies over gambling table licenses and casino expansion are brewing in Macau, amidst rumors that the government is under pressure from Beijing to diversify its economy…
Precedent Watch
11 May 08:00
Hong Kong’s stock exchange beckons with an equity market “siren song”, a song that is being heard by a growing number of foreign firms, from Asia and beyond. The debut this week of France’s L’Occitane…
Precedent Watch
07 May 10:00
BP’s ecological disaster in the Gulf of Mexico and the SEC’s recently issued guidance on climate change bring environmental disclosures and concerns to the fore. Yet in today’s global economy, natural resources are…
Precedent Watch
07 May 07:30
Notwithstanding its recent PR troubles, Toyota is still making sales – to wit, Toyota Auto Receivables 2010-A Owner Trust recently filed a $775 million offering of asset backed notes…
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06 May 04:00
The Hong Kong Securities and Futures Commission’s latest hot pursuit may feel like déjà vu, as another one of China’s big 4 banks has been named in allegations of insider trading…
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05 May 03:00
In the latest reverse merger of a Chinese company into a U.S. shell company in recent months, City Zone Holdings, an emerging agricultural products distributor, plans to tap U.S. venture capital interest in PRC with a.…
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05 May 01:00
Foreign private equity investors and sponsors have increasingly been exploring opportunities to establish an onshore investment platform (so called “RMB funds”) to make direct investments into China. This interest has been fueled by a number of factors…
Precedent Watch - Guest Author
03 May 08:00
For most U.S. trained attorneys, it probably doesn’t come as a surprise that even the mere possibility of litigation should be disclosed somewhere in a company’s annual report. But for attorneys preparing an annual report for a foreign filer from a less litigious country…
Precedent Watch
03 May 06:00
While Greek sovereign wealth debt has been declared junk and overheating rumours run through emerging markets, China’s sovereign wealth fund is bucking the trend and planning a bond issue to the tune of 80 billion yuan or US$11.7 billion. Stranger still is…
Precedent Watch
30 April 01:00
As the cross-border telecom competition around the world continues to roil, Indonesia’s PT Indosat Tbk recently announced an increase of nearly 6 million new subscribers in 1Q 2010…
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29 April 02:00
Rising antitrust wariness globally threatens to slow even the most cash-hungry of firesales, like those of AIG-affiliate AIA. Despite approval for a Hong Kong listing, master plans for Prudential PLC’s takeover of AIA may not roll along smoothly…
Precedent Watch
27 April 06:00
China’s new regulations on foreign investment reaffirm openness to overseas companies amidst an atmosphere of bribery scandals, internet company exodus and accounts of hostility towards foreign companies…
Precedent Watch
23 April 03:00
The kaleidoscope of Islamic finance gives every viewer a different picture. Four major schools of thought, set against two frequently diverse platforms of Far East and Middle East, vantage points of Muslims and non-Muslims—all combine to keep many of the industry’s questions unsettled...
Precedent Watch
22 April 02:00
April is just not Goldman’s month. Aside from SEC fraud charges, the investment bank’s agenda includes a possible trip to China’s bankruptcy courts to recover the US$78 million it invested with Morgan Stanley…
Precedent Watch
21 April 06:00
In a bullish bet on Chinese property markets, SPAC real estate conglomerate Dragon Acquisitions Corporation just launched an offering on the U.S. market.…
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20 April 08:00
Recent monetary tightening policies in the PRC have prompted companies to look within for sources of quick credit. Cost effective financing options such as commercial paper and other promissory notes are…
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15 April 04:00
Reining in loose loan grants is fast becoming the China Banking Regulatory Commission’s biggest headache. Regulatory measures to tighten credit have been accompanied by…
Precedent Watch
14 April 06:00
Piracy, guerillas, and terrorism may seem like a foreign concept (no pun intended) to U.S. companies, but globalization is ushering these risks onto many firms’ 10-Ks. These groups typically operate outside the scope of government sanctioned activity, yet…
Precedent Watch
09 April 06:00
China is one of the world’s largest auto markets, and everyone wants in. Along with a prolific number of European, Japanese and American auto makers fighting for a presence, PRC companies are…
Precedent Watch
07 April 10:00
Tangled webs of related party transactions woven by family business in Hong Kong may soon face scrutiny from the Securities and Futures Commission. The SFC has been busy warning companies to prepare for more vigilant and stricter…
Precedent Watch
02 April 13:00
While the corners of cyberspace reverberate from Google’s backdoor retreat out of China through Hong Kong, Google’s loyal PRC-based business partners stand dumfounded, asking ‘now what!?’…
More Precedent
31 March 02:00
Much has been said about the prosecution and trial of four employees of British-Australian mining company Rio Tinto Ltd. Yet, questions surrounding what laws were used in reaching the guilty verdicts have remained unaddressed…
Precedent Watch
30 March 08:00
The forecast for the alternative energy sector in China: consistently sunny with strong gusts of wind, more than enough to power the projects that are popping up on Chinese terrain…
Precedent Watch
29 March 08:00
Challenging financial times call for creative solutions. While IPOs have provided many companies with much needed capital in recent weeks, many other large conglomerates are looking to nurse shareholder gains by going private…
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25 March 06:00
The surprising trajectory of bankruptcy straight to IPO may seem incongruous, but is all too real. In what may perhaps prove to be an interesting precursor for skeptics who think that GM going public soon is laughable…
Precedent Watch
23 March 04:00
Of a population nearing seven billion, the number of qualified Shariah scholars in the entire world is estimated to be 200, or roughly the number of professional athletes in New York. In reality, a tiny subset of these scholars wields a disproportionate degree of the influence in the Islamic finance industry…
Precedent Watch
22 March 10:00
Copyright infringement litigation has been heating up PRC courtrooms. Not only is the number of lawsuits in this practice area increasing furiously, the presence of overseas parties and international companies is drawing global attention to PRC copyright law…
Precedent Watch
19 March 08:00
With an upcoming deadline earlier this year, special purpose acquisition company (SPAC) BBV Vietnam SEA Acquisition Corp was hanging on for dear life. Originally, the Marshall Islands incorporated SPAC had until February 2010 to acquire its unnamed target…
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18 March 02:00
Hong Kong is the city that never sleeps, where 4 am cell phone chatter fills local haunts. With roller coaster transactions such as Prudential’s recent AIA purchase for US$35.5 billion, lawyers and financiers also know Hong Kong as the city where deals never stop…
Precedent Watch
17 March 08:00
CNOOC Ltd has been busy keeping its new year’s resolutions. In its forward-looking statements to the SEC earlier this year, CNOOC Ltd disclosed that it expected nine new projects to…
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16 March 08:00
New tickers for PRC companies are popping up on the NYSE and NASDAQ once again, as U.S. listings remain hot tickets. Aptly-named PRC companies like China Lodging and China Ceramics are motivated by strong regulatory factors on both sides of the Pacific…
Precedent Watch
10 March 06:00
Clever structuring has been known to let many a party have their cake and eat it too. Of late, reverse mergers between PRC and U.S. companies are proving themselves more useful than a simple listing on the NASDAQ or NYSE…
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08 March 11:00
The dual-listed airlines of the PRC are faced with dual challenges: they must contend with a travel boom (a good problem) as well as the glare of regulators, including the SEC…
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05 March 08:00
Named after the Chinese word for peace, Ping An Insurance’s latest move is generating anything but a peaceful response. Recently, Ping An announced that it will be gradually unlocking…
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05 March 07:30
After last year’s global financial services crisis, the PRC government has been hard at work to prevent a doomsday scenario from occurring. The China Banking Regulatory Commission (CBRC) in particular is faced with oxymoronic challenges…
Precedent Watch
04 March 03:00
China’s oil behemoths are noteworthy not only for their globe-spanning acquisitions, but also for the clever corporate and disclosure strategies that accompany them. Sinopec, PetroChina and CNOOC, have together…
Precedent Watch
25 February 11:00
Gambling may be Macau’s jet fuel, but its lift is somewhat uncertain, balancing the actions of regulators, junket firms, and capital markets activity. Dubbed the “Asian Vegas” by the Western world, it…
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19 February 04:30
With ties between Canada and China growing stronger, and China’s increasingly outward focus, it’s no surprise that 2009 saw some big moves by Chinese investors looking to stake a position in Canada. But the relationship between Canadian and Chinese businesses is far from a one-way street...
Precedent Watch
11 February 06:00
Takaful, the Islamic insurance product, represents an attractive subset of the trillion-dollar Islamic finance market, as premiums are expected to more than double to over $7 billion in the next few years…
Precedent Watch
28 January 11:55
Japan’s leading cosmetic maker, Shiseido Co., has commenced a tender offer to buy all outstanding shares of Bare Escentuals Inc for $1.7 billion...
More Precedent
28 January 04:00
The Malaysian government’s encouragement and commitment to transparency may account for nascent Western interest in Malaysia’s Islamic finance climate…
Precedent Watch
27 January 17:00
More companies with a link to China and Asia Pacific are attempting to go public in the Unites States. Following this trend is Hong Kong-based start-up, Eastern World Solutions Inc…
More Precedent
19 January 14:00
SPAC dealmaking proceeds down two parallel paths -- making the "acquisitions" worthy of their name and cashing out unhappy shareholders, often funds. Asia Special Situation Acquisition Corp…
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07 January 09:00
Gold Dragon Enterprises, a China-based gold exploration company, recently filed its initial public offering with the SEC. Gold Dragon is offering up to 2 million shares of…
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08 December 14:00
Dublin-based Amarin Pharmecuticals extended its current supply agreement with Tokyo’s Nisshin Pharmaceuticals for transfer of ethyl-eicosapentaenoate (E-EPA) from…
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04 December 16:00
With the Australian mining industry still booming, companies are cashing in while the going is good...
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25 November 08:00
Fabrinet, an optical communications company based in Thailand, announced the filing of $150 million initial public offering with the SEC. Law firms for the offering include…
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23 November 06:00
Joint ventures in both India and China have picked up volume in recent days, despite the legal complexities that are a part of them. A veritable cacophony of companies, like Wal-Mart and Burberry in India, and GE and Tesco in China, have recently announced…
Precedent Watch
16 November 14:30
A minority stake purchase in Steinway Musical Instruments by Korean piano and guitar manufacturer Samick Musical Instruments was disclosed Friday. Steinway is best known for the company’s high quality grand pianos, but it...
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11 November 13:00
Shanghai Kai Technology entered renewed their lease of a power transformer to support manufacturing through May of 2011...
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09 September 03:30
Lloyds Banking Group <LLOY.L> has agreed to sell its stake in housebuilder Crest Nicholson to U.S. investment company Varde, continuing to shed non-core assets and refocus on its core lending activities...
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09 September 01:46
(Reuters) Goldman Sachs has been fined 20 million pounds ($30.9 million) by the UK's financial regulator for failing to disclose it was under fraud investigation by its U.S. counterpart, the BBC reported on Wednesday.
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09 September 01:37
(Reuters) Australia's competition regulator blocked National Australia Bank's $12 billion bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its dominance in the world's fourth-largest wealth management market.
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08 September 20:04
French insurer AXA SA <AXAF.PA> said it was reviewing its options on how to expand in Asia after Australia's competition regulator blocked National Australia Bank <NAB.AX> from taking over its Australian arm and selling the Asian operations to AXA SA...
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08 September 08:52
Oil giant BP <BP.L> is open to talks about selling assets to Russian companies as part of its $30 billion fund raising programme to help pay for the Gulf of Mexico oil spill, the group's Russia chief said on Wednesday...
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08 September 07:41
For a bank that prides itself on smooth successions, HSBC is suddenly scrambling to pick its next chairman...
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08 September 06:41
German gambling restrictions breach European Union law, Europe's highest court said, giving a rare victory to companies seeking to break domestic monopolies in a lucrative industry...
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07 September 15:05
China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp, the world's largest fertilizer supplier...
Reuters News
07 September 11:21
European Union finance ministers agreed to a sweeping overhaul of how the bloc's financial industry is policed, but remained locked in dispute over the taxation of banking and trading...
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07 September 03:11
The Office of Fair Trade will investigate the aggregates industry to assess whether the tax payer is getting a fair deal from suppliers of sand, gravel and broken rocks to road and house builders...
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07 September 03:05
Dutch electronics group Philips said it will sell its remaining equity stake in chipmaker NXP Semiconductors NV to its underfunded British pension fund...
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07 September 00:30
Cancer treatment and its underlying technology just took a noteworthy step forward, via a JV between Accuray, the U.S. radiosurgery company, and Siemens, the German engineering group. The deal is notable...
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06 September 22:00
Addressing a central complaint of foreign businesses, Vice President Xi Jinping said that China will treat overseas suppliers fairly when they bid for public procurement contracts...
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06 September 20:35
British Airways would be interested in discussing a merger with Qantas Airways, if Australia's top airline was a willing party, BA Chief Executive Willie Walsh said in a newspaper interview...
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06 September 14:56
Deutsche Bank's stake increase in France Telecom could point towards plans for a merger with Germany's Deutsche Telekom, in which it also holds a stake, a French union said...
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06 September 03:33
France Telecom kept its financial goals, after an arbitration tribunal fined its Polish unit 396 million euros ($531.3 million), and said the unit was considering whether to appeal...
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06 September 02:29
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by...
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05 September 20:54
BP has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache in July, the Financial Times reported...
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05 September 17:31
Santander could hire up to 6,000 new staff over the next year or two as part its expansion in Britain, the Financial Times said...
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05 September 12:42
French drugmaker Sanofi-Aventis would be prepared to moderately raise its $69 per share offer for Genzyme if the U.S. biotech agreed to negotiate, Dow Jones reported, citing a person familiar with the matter...
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03 September 07:32
Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers after making progress in other areas of reforming pay structures...
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03 September 01:30
Its economy is predicted to grow by 4 per cent next year, it has one of the lowest deficit forecasts in the EU and bond markets are alive with its issues. No it’s not Germany but…
Precedent Watch
03 September 00:30
With a multi-jurisdictional placing almost as smart as its name, Masawara is hoping that investors will see the potential for growth in Zimbabwe as the southern African country stands poised for political change…
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02 September 02:07
European companies are not quitting China for other countries despite complaints about the growing difficulty of doing business, the European Union Chamber of Commerce in China said...
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01 September 22:29
China's Sinochem has hired HSBC bank to advise it on its options regarding Potash Corp, the target of a $38.6 billion hostile bid from BHP Billiton...
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01 September 05:30
China's Brightoil is wrestling with top players BP and Shell for leadership of the world's largest fuel oil market, in a tough trading climate that makes it difficult for any...
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01 September 02:26
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT...
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01 September 01:30
Unfazed by the summer heat in the northern hemisphere, the global energy M&A binge is gaining momentum. Asia-Pacific companies in particular have demonstrated an ongoing appetite for assets outside Asia…
Precedent Watch
31 August 21:28
August's unseasonable burst of dealmaking -- the busiest in over a decade -- could herald a wider rebound in M&A for the remainder of the year as low interest rates, record cash piles and...
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31 August 09:47
Shareholders in Tomkins approved a 2.9 billion pound ($4.5 billion) takeover by a Canadian consortium, marking an end to public life for one of Britain's biggest industrial groups...
Reuters News
31 August 01:48
Estonia's seasonally adjusted industrial output increased by a new all-time record of 24.6 percent in July year-on-year as manufacturing exports and energy production boosted the country's economic recovery...
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30 August 10:30
Renewable Sources, Drivers, Legislation, Capacity Growth and the Future Outlook has announced the addition of the "Green Energy in the UK: Renewable...
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30 August 08:01
Ireland's government signalled that gradually winding down nationalised Anglo Irish Bank could be an option as political pressure mounts on Prime Minister Brian Cowen to...
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30 August 08:00
Genzyme Corp rejected an $18.5 billion takeover offer from French drugmaker Sanofi-Aventis, saying it dramatically undervalues the company...
Reuters News
30 August 02:30
As the world’s derivatives markets race to take over global competitors, the potential impact of Dodd-Frank looms large...
Precedent Watch
30 August 00:00
In a deal which spans from Kuala Lumpur to London and treads the complexities of a part Malaysian, part UK share offer, Tanjong Capital, a special purpose vehicle, has made a conditional takeover offer for…
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29 August 21:57
South Korea's POSCO, the world's No.3 steelmaker, is considering buying Norwegian silicon maker Elkem AS, POSCO Chairman Chung Joon-yang said...
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29 August 21:49
France's Sanofi-Aventis publicly disclosed its $18.5 billion, $69-per-share cash offer for Genzyme Corp in a bid to rouse shareholders after failing to engage the U.S. biotechnology company in merger talks...
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27 August 08:59
Danish jewellery maker Pandora's owners are preparing an initial public offering of stock and are likely to unveil their flotation plans within weeks, investment banking sources close to the matter said...
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27 August 08:41
Steelmaker Corus, owned by Tata Steel, said it had reached an agreement with Thailand's SSI on the potential $500 million sale of its mothballed Teesside plant in northern England...
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27 August 07:44
German national rail operator Deutsche Bahn aims to take advantage of historically low interest rates to sell at least one billion euros in bonds on capital markets this year, Bahn board member Richard Lutz said...
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27 August 05:02
India's value-added (VAS) telecom service providers are girding up to raise money from the primary market as they get ready to support India's plan to launch 3G services that promises to boost telecom profits...
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27 August 01:00
Strategic concerns for companies planning IPOs might have taken an unexpected twist recently, with the technological capacity of trading exchanges now driving (and preventing) some IPO activity...
Precedent Watch
26 August 11:24
COOEC, the offshore arm of China's state-owned oil firm CNOOC, is looking for Norwegian partners to strengthen its position in deepwater drilling worldwide, a senior COOEC executive told Reuters...
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26 August 09:43
Vodafone is likely to sell assets in Poland, China and eventually France as it starts a retreat from sprawling international expansion designed to appease investors who believe it needs more discipline...
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26 August 05:30
The economic crisis in the Baltic states, which suffered the European Union's worst recessions last year, has begun to ease and the region's growth prospects are...
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26 August 04:19
Vodafone Essar, India's No.3 mobile company, has decided not to proceed with an initial public offering of the joint venture for now, sources familiar with the matter told Reuters...
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26 August 04:03
Security services group G4S reported a 3 percent rise in first-half profit, helped by strong performances at its emerging markets businesses, and predicted UK government spending cuts would...
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26 August 02:30
With fears growing that the U.S. bond market may be developing into a financial bubble, HSBC has filed a note and warrant programme that may allow even non-U.S. citizens to participate…
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26 August 02:10
Turkey's first Islamic bond, from lender Kuveyt Turk, will pay a coupon of 5.25 percent and was 45 percent oversubscribed by investors...
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26 August 01:30
Despite bearing witness to mounting troubles associated with European debt woes, Japan has been pumping stacks of government bonds into the market, which have been slurped up by institutional investors and foreign governments...
Precedent Watch
26 August 01:10
Abu Dhabi National Energy Co said it was looking to raise its stake to 60 percent in a Dutch gas storage project being jointly developed with Russia's Gazprom...
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25 August 15:19
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
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25 August 13:29
Korea National Oil Corp said it had posted offer documents to Dana Petroleum shareholders as it pressed ahead with its 1.67 billion pounds hostile takeover bid for the British firm...
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25 August 00:30
M&A financing remains in short supply around the world, and with the financial cupboard bare, UK companies are looking to an older form of trade to do business – trading assets instead of money…
Precedent Watch
25 August 00:15
Specialty chemicals giant LyondellBasell Industries NV will end its operations in Iran to avoid penalties the U.S. could soon impose on companies for violating trade sanctions...
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24 August 13:10
BHP Billiton's hostile $39 billion bid for fertiliser group Potash Corp faces a potential obstacle -- formal approval by its own shareholders -- if it sweetens its offer by more than 22 percent...
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24 August 07:19
The European chemicals sector is set for more consolidation as plain Jane chemicals giants eye recession-proof beauty additives for a makeover, following the example of BASF's recent buy of Cognis...
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24 August 02:36
A legal showdown between Lehman Brothers and Barclays Plc resumed with a Barclays executive testifying in court that a Barclays pact to buy parts of bankrupt Lehman was the...
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24 August 00:30
For some public companies, the looming specter of Iranian sanctions policy lends an understandable nervousness to otherwise routine filings...
Precedent Watch
23 August 09:44
Marks & Spencer, Britain's biggest clothing retailer, has added some investment banking clout to its boardroom, naming veteran City heavyweight Robert Swannell as successor to...
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23 August 08:23
A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business amid accusations that...
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23 August 04:30
Beverage groups SABMiller and Asahi Breweries are looking at Foster's Group's beer operations, valued at more than $10 billion, but have not yet made any formal offers, sources said...
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23 August 01:00
The EU has used its full arsenal of powers to clamp down on the telecommunications sector, as it sees national governments helpless in the face of international telecommunication profiteering…
Precedent Watch
23 August 00:15
Frantic activity in the pharmaceutical industry shows no sign of slowing, with two additional pharma deals announced this week…
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22 August 21:25
British oil explorer Dana Petroleum will press Korea National Oil Corp to drop its 1.87 billion pound ($2.9 billion) hostile takeover bid and raise the offer in return for board recommendation...
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22 August 09:47
Royal Dutch Shell<RDSa.L> and German chemicals maker BASF<BASF.DE> plan to appeal a first instance Brazilian court ruling on health injuries related to pollution at a former pesticide plant...
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22 August 09:04
Campbell Soup Co, the world's largest soup maker, is considering making a 1.5 billion pound ($2.3 billion) break up bid for Britain's United Biscuits...
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22 August 06:52
Russia's largest oil producer Rosneft will invest $630 million in a joint project with an UAE oil firm to drill for gas in the Middle East, a top Russian official said...
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20 August 09:26
Global mergers and acquisitions have hit nearly $200 billion this month, making it already one of the busiest Augusts on record in what is typically one of the year's quietest periods...
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20 August 08:41
Miner BHP Billiton formally launched its $39 billion hostile offer for Potash Corp, the world's largest fertilizer company...
Reuters News
20 August 02:30
While others seem intent on mass-producing electric cars, a new trans-Atlantic JV is taking a different direction. U.S.-based Electric Car Company Inc., a...
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19 August 20:41
State-run Korea National Oil Corp plans to go to shareholders of UK oil explorer Dana Petroleum with a 1,800 pence per share offer worth $2.6 billion, after Dana's management rejected its bid proposal...
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19 August 09:15
MasterCard Inc said it would buy British payment services provider DataCash Group Plc for 333 million pounds ($520 million) in cash to expand its e-commerce business...
Reuters News
19 August 02:30
Companies don’t just restructure when the going gets tough but also when the going gets really good, as evidenced by Parallel Media Group’s recent announcement of its capital reorganisation…
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18 August 07:33
Swiss drugmaker Novartis is seeking to use Swiss merger law to push through its buy of a minority stake in U.S. eyecare group Alcon, which would give it full control of the group...
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18 August 04:13
Marius Kloppers does not want to fail to be big -- again...
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18 August 00:15
Beware those companies with a new twist on a familiar product in the UK; you may be inadvertently breaching the…
Precedent Watch
17 August 12:26
Germany's BASF will build a new dispersions plant in Huizhou in China's Guangdong province to meet growing demand from southern China, the chemicals group said...
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17 August 11:02
Cheyne Capital is overhauling its Queen's Walk Investment fund, hit hard by the U.S. subprime crisis, by cutting its payouts and raising cash to spend on less risky assets to widen its appeal...
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17 August 05:05
Regulatory hurdles could delay Vedanta Resources' purchase of a stake of up to $9.6 billion (6.1 billion pounds) in Cairn India, but the buyer and analysts see them as unlikely to derail the deal...
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16 August 13:29
Barclays Bank Plc has agreed to pay nearly $300 million to settle criminal charges that it violated U.S. sanctions in dealings with Cuba, Iran, Libya, Sudan and Myanmar...
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16 August 12:37
Chinese cement producer West China Cement Ltd raised US$179 million after pricing its Hong Kong initial public offering at top of an indicated range, sources familiar with the deal said...
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16 August 08:20
Vedanta Resources plans to spend up to $9.6 billion clinching control of Cairn India, giving billionaire mining magnate Anil Agarwal a slice of India's oil reserves and...
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16 August 08:00
The European Commission unveiled proposals for a change to EU rules governing financial conglomerates, saying it wanted national supervisors to have more oversight of...
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16 August 07:00
BlackRock Inc, the world's biggest fund manager, said it will buy Taiwanese fund management firm Primasia Investment Trust...
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16 August 04:19
Vedanta to buy stake in Cairn India for £5.4 - 6.1 billion...
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16 August 00:00
With wheat prices soaring, so too is wheat price speculation, as illustrated by SGA Société Générale Acceptance N.V., a special purpose vehicle…
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15 August 21:02
RSA has secured backing from three major banks for at least 5 billion pounds ($7.8 billion) in equity if the British insurer can pursue its bid for Aviva's non-life unit in the UK, Canada and Ireland...
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13 August 04:35
Insurer RSA has approached rival Aviva about buying its general insurance operations in the UK and elsewhere for 5 billion pounds...
Reuters News
13 August 01:30
EU competition issues can slow down many an EU merger but with companies sweet talking the European Competition Commission into accepting their own divestiture plans even mega-takeover deals are getting an EU seal of approval…
Precedent Watch
13 August 00:45
Luigi Lavazza, the Italian coffee company, has agreed to purchase $250 million worth of shares in Green Mountain Coffee Roasters Inc as it paves the way for its U.S. expansion…
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12 August 12:00
Recovery in Europe's sluggish market for commercial property bonds is lagging up to five years behind the United States, delaying a return to cheaper borrowing and...
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12 August 04:53
Customs officials in Ukraine, which is considering introducing a quota system for grain exports, said on Thursday they had prevented export of 28,500 tonnes of wheat because of incorrect paperwork...
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12 August 02:32
Insurer Prudential said it had trimmed the cost of its failed bid for AIG's Asian unit as it reported a forecast-beating half-year profit, helped by a strong performance from its own Asian business...
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12 August 01:00
Public to private takeovers have burst back into life in the UK, and with a Canadian-driven deal no less. Pinafore Acquisitions Limited, a company formed at the direction of…
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11 August 06:00
Atrium European Real Estate is suing its founder, Austrian coffee roasting heir Julius Meinl V, and his bank for over 2 billion euros ($2.6 billion) in damages...
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11 August 02:23
Ukraine's Agriculture Minister Mykola Prysyazhnyuk was quoted as saying that the ministry would propose grain export quotas for the 2010/11 season...
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11 August 00:30
FSA enforcement efforts have uncovered the sale of ridiculously complex financial products sold to unsuitable consumers, a morbid mis-selling of life insurance pools that…
Precedent Watch
10 August 09:33
France's GDF Suez is set to take control of Britain's International Power, the companies said, creating the world's largest utility with annual revenue of 84 billion euros...
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10 August 06:50
Anglo Irish Bank won temporary clearance from European Union competition regulators for a capital injection of up to 10 billion euros (8.36 billion pounds) from the Irish government...
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10 August 01:45
A $7.1 billion bid for Red Back Mining, a Canadian-based company active in Africa, has a stable of other mid-tiered gold miners dreaming of similar takeover approaches from larger rivals...
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09 August 13:45
Swiss drugmaker Novartis received approval from European Union regulators to buy a stake in Alcon, making it easier for it to take full control of...
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09 August 12:00
BlackBerry maker Research In Motion is facing demands for access to its encrypted data in some of its fastest-growing markets…
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09 August 02:30
Golden shares may once have been a prerequisite of privatisations in Europe, but they appear to be fool’s gold now, as seen by Portugal Telecom’s recent clash with the European Union…
Precedent Watch
09 August 02:26
Goldman Sachs Group Inc has informed the Financial Crisis Inquiry Commission that 25 percent to 35 percent of its revenue was derived from the derivatives businesses...
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08 August 20:56
Australia's competition regulator agreed to consult the market on National Australia Bank's proposals to salvage its $12 billion takeover of AXA Asia Pacific, giving it a glimmer of hope the deal would eventually succeed...
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08 August 02:00
Reports of a sukuk demise may be premature as two sizeable offerings this summer from Malaysia and Abu Dhabi attest…
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06 August 11:15
British private equity group 3i is planning to sell two German companies for more than 1 billion euros ($1.32 billion)...
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06 August 08:49
A European Union financial stability fund with the potential to raise up to 440 billion euros ($580 billion) to help EU countries weather debt problems is now fully operational...
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06 August 08:00
Threadneedle's UK smaller companies fund expects such firms to continue their outperformance over bigger rivals, driven in part by a rising tide of...
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06 August 05:34
Russian oil major LUKOIL is expected to sign a $1.5 billion loan to finance a $3.44 billion share repurchase from ConocoPhillips, banking sources told Reuters...
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06 August 05:19
The Financial Services Authority (FSA) has launched a probe into sales of a bond fund by Royal Bank of Scotland's private banking arm Coutts, which counts the Queen among its clients...
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06 August 00:30
The Supreme Court’s ruling in Morrison v. National Australia Bank recently rendered an entire category of securities class actions, those known as “F-cubed”, extinct...
Precedent Watch
05 August 12:10
China's largest offshore oil producer CNOOC Ltd might bid for BP's stake in Pan American Energy (PAE) if the British oil company sold it to raise money to cover its Gulf of Mexico oil spill costs...
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05 August 10:30
ANZ Banking Group Ltd sold $500 million of floating-rate notes in the 144a private placement market, said a source familiar with the deal...
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05 August 09:47
Two weeks after it emerged that French drugmaker Sanofi-Aventis had its eye on U.S. biotech Genzyme, staff and investors are still left guessing as the companies remain tight-lipped...
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05 August 05:02
Singapore sovereign wealth fund GIC has added three banks as joint bookrunners for the upcoming IPO of its logistics unit that could raise as much as $3 billion, two sources familiar with the deal said...
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05 August 02:51
Barclays profit jumps on bad debt fall, credit gain...
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05 August 01:50
Wendy's, one of the world's largest fast food operators based in the United States, is planning to enter the Russian market in early 2011, the business daily Vedomosti reported...
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05 August 01:00
UK regulators are coming down hard on unscrupulous directors of insolvent companies in England and Wales, using the full remit of their powers to disqualify more…
Precedent Watch
05 August 00:15
In one of the world’s most ambitious diversification programs, the United Arab Emirates has staked out the most high tech of them all: aerospace…
Precedent Watch
05 August 00:10
Swiss investors unveiled Algeria's first Western-style shopping mall on Wednesday, a 70-million-euro project that marks the first major foray by foreigners into the energy exporters' untapped retail market...
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04 August 11:00
European Union antitrust regulators approved U.S. manufacturer Honeywell International Inc to buy French firm Sperian, saying the acquisition would not harm competition...
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04 August 08:59
American authorities are investigating the U.S. division of global banking group HSBC over its compliance with anti-money laundering procedures, according to a regulatory filing...
Reuters News
04 August 07:49
Google is set to allow advertisers in Europe to use rivals' trademarks when bidding for online ads in a move that will prevent big brand owners from controlling which ads appear during users' searches...
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04 August 07:30
Dubai International Capital the private equity arm of the Gulf Arab emirate, said it will focus on bringing German aluminium maker Almatis out of bankruptcy after...
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04 August 06:19
Spain's Santander has sealed the purchase of over 300 UK branches from Royal Bank of Scotland for 1.65 billion pounds and pumped billions of euros into its British arm ahead of an expected spin-off...
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04 August 04:26
Romania's international lenders extended a 20 billion euro bailout programme, reassuring investors spooked by the country's deep recession, though it may face tougher compliance hurdles in future...
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04 August 03:42
Spain's Santander sealed the purchase of over 300 UK branches from Royal Bank of Scotland for about 1.65 billion pounds ($2.6 billion) to bulk up in one of its core markets...
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04 August 01:00
WS Atkins, the UK construction and engineering group, has reinforced its plans of expanding into the U.S. with a cash acquisition of…
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04 August 01:00
The EU’s sweeping sanctions against Iran have left some western companies in the lurch, but business with Iran still appears to be largely unchanged throughout the Asia Pacific region…
Precedent Watch
03 August 07:11
Sanofi-Aventis sent a takeover proposal valued at about $18.4 billion, or $69 per share, to biotechnology company Genzyme Corp and the two sides are discussing the offer...
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03 August 03:57
Northern Rock's "bad bank" returns to profit in first-half...
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03 August 01:00
Kuwait's sovereign wealth fund and BP Plc denied a local newspaper report that the embattled oil giant had asked the fund to raise its stake in the company to 3 percent...
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03 August 01:00
RBS agrees settlement with Financial Services Authority in relation to breaches of the Money Laundering Regulations 2007...
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02 August 19:51
Gold miner Kinross Gold Corp said it will buy the 91 percent of Red Back Mining Inc that it does not already own for around $7 billion to create one of the world's largest gold miners...
Reuters News
02 August 15:17
HSBC's North American chief executive expects the new U.S. financial reform law to cost it at least $110 million in annual revenue...
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02 August 12:35
Telecom Corp of New Zealand said it has put a plan to the government to build a national broadband network which involves splitting the company in two...
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02 August 07:41
China's Geely completed its purchase of Ford Motor Co's Volvo unit, marking China's biggest acquisition of a foreign car maker...
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02 August 03:00
The FSA’s enforcement abilities just took a big step forward, having received judicial confirmation of the widest possible remit in its prosecution powers…
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02 August 02:57
British Land and joint venture partner Blackstone confirmed plans to develop a new 700,000 square foot UK headquarters for UBS at the Broadgate Estate in the City of London...
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02 August 01:42
China's Geely set to close Volvo buy...
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01 August 01:00
France Telecom's Orange mobile carrier is in talks with the owners of Morocco's second-biggest telecoms firm Meditel to acquire a 40 percent share in the Moroccan company...
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30 July 14:00
Britain's largest surface coal mining company Scottish Resources has delayed its plan to float, joining other potential IPOs that have been postponed or foundered in a market that remains challenging...
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30 July 02:00
Billionaire Li Ka-shing has offered to buy UK power grids from France's EDF for 5.8 billion pounds ($9.1 billion), giving his companies a foothold in more lucrative overseas markets...
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30 July 02:00
Reverse takeovers are on the uptick, as is the legal complexity that rides alongside them, sometimes stopping them in their tracks. Fueling this is an increase in UK cash shells, and both LSE and AIM companies benefit…
Precedent Watch
29 July 23:58
A patchy recovery in the United States is a big industry concern, in particular for Japanese carmakers, which rely heavily on that market for profits…
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29 July 12:26
Volkswagen will keep adding to its more than $20 billion cash pile as it girds for an acquisition spree that could help it overtake Toyota as the world's number one carmaker before the decade is out...
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29 July 08:08
Britain's PartyGaming and Austria's bwin unveiled a deal to create a $3.3-billion online gaming business, positioning them to profit from any deregulation of a lucrative U.S. market...
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29 July 07:45
Russia will open its most ambitious privatization programme since the 1990s to foreign investors, its economy minister said, while the government gave its initial approval to the...
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29 July 07:24
The Financial Services Authority regulator is planning tougher curbs on bankers' bonuses following plans by the European Union to clamp down on remuneration in the sector following the credit crisis...
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29 July 04:15
Pay-TV firm BSkyB added 90,000 customers in the fourth quarter on surging demand for high definition services, and sees new American dramas fuelling growth ahead of a possible takeover...
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29 July 03:24
Metro Bank, Britain's first new High Street retail bank in more than 100 years, opened for business with high hopes of breaking into a sector shaken up by the global credit crisis...
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29 July 02:00
The controversial practice of food price speculation is hotting up in the UK, undeterred by allegations of distorting markets and unscrupulous speculation. With a public campaign against Goldman Sachs for “gambling on hunger”…
Precedent Watch
28 July 21:20
British media buying group Aegis is in late stage talks to buy Mitchell Communication Group, its Australian rival, for 200 million pounds ($312.4 million), the Daily Telegraph said...
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28 July 10:59
A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages...
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28 July 10:56
After years of seeking a cost-cutting merger in stainless steel, ArcelorMittal is giving up the fight and says it wants to spin off its activities instead...
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28 July 10:00
Spain's Telefonica has won its battle for a bigger share of the burgeoning Brazilian market, raising its offer for Portugal Telecom's stake in mobile operator Vivo to...
Reuters News
28 July 06:49
Cable operator Virgin Media has launched a share buyback to reflect its growing confidence, after adding a better-than-expected 9,100 new customers in its traditionally tough second quarter...
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28 July 06:30
BAE Systems and Rolls-Royce will supply India with 57 Hawk military training jets in a deal worth around 700 million sterling ($1.09 billion)...
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28 July 04:26
Spain's Telefonica appears to have won its long battle for a bigger share of the Brazilian market after raising its offer for Portugal Telecom's stake in mobile operator Vivo to 7.5 billion euros...
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28 July 04:20
British Prime Minister David Cameron tried to persuade India to do more business with Britain as he seeks new sources of economic growth to offset deep cuts in public spending at home...
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28 July 03:45
Aviva Plc, Britain's second largest insurer, wants to boost its stake in its Indian joint venture to 49 percent as soon as regulations allow, its chief executive told Reuters in an interview...
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28 July 02:45
Not only are EU regulators crowing about their recently-concluded tests, but so too are those who have suffered through the stress. From ING to Barclays, European banks are disclosing that…
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28 July 01:00
Somehow, the philosophy of ‘everyone’s gotta eat’ has not been translating into gushing profits for the world’s agribusiness conglomerates. Cutthroat competitors Archer Daniels Midland, Cargill and Bunge, among others, are reporting something in common to shareholders…
Precedent Watch
28 July 00:31
Dubai's pledge to cover gaps in Dubai World's debt repayment plan has become a sticking point for lenders, some of whom want state guarantees to fall under British -- not local -- law...
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27 July 13:15
Russian metals giant Norilsk Nickel said it was ready to publish all the ballots cast in the board elections to counter allegations from UC RUSAL that it had manipulated the results...
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27 July 12:58
European Union competition regulators launched two anti-trust investigations against International Business Machines Corp, suspecting it of abusing its dominant position in the mainframe computer market...
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27 July 12:58
BP Plc said the U.S. markets regulator Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant's Gulf of Mexico oil spill...
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27 July 12:29
U.S. housing data boosts global stocks...
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27 July 12:00
Major international banks Goldman Sachs and Credit Suisse have bought small stakes in state-run Bank of Moscow, an encouraging sign for Russia as it...
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27 July 08:31
Two telecom operator-backed software groups are merging to counter increasing competition from new rivals Google and Apple for mobile phone applications...
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27 July 07:50
) The new laws are part of the west's latest attempt to pressure Tehran to drop its nuclear enrichment program, limit financial transfers and ban deals with the...
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27 July 07:00
Over one-third of investors expect Europe's banks to raise significant capital in the next six months following a health check that forced little fundraising but...
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27 July 06:00
The former finance director of Northern Rock, the British bank which nearly collapsed during the credit crisis and had to be nationalised, received a hefty fine for mis-reporting mortgage arrears figures...
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27 July 05:49
French banks looked to benefit the most from a scale-back of looming capital requirements known as Basel III as investors pushed their shares to 2-1/2 month highs, leading a sector-wide advance...
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27 July 03:45
BP Plc named American Bob Dudley as its next CEO, saying Tony Hayward would stand down after his gaffe-prone handling of the worst oil spill in U.S. history that triggered a $17 billion...
Reuters News
27 July 01:30
Ageas, formerly known as Fortis, has agreed to sell its Turkish insurance business to BNP Paribas, a further step in the Belgium-based group's streamlining of its operations...
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26 July 22:15
Japanese government bonds were little changed in a market struggling to find short-term cues after the results of European bank stress tests and ahead of economic data at...
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26 July 11:27
Pace, the world's largest set-top box maker, has agreed to buy U.S. broadband technology firm 2Wire for $475 million to broaden its customer base beyond cable and satellite into the Internet TV market...
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26 July 11:11
BC Partners has agreed to sell French frozen-food firm Picard Surgeles to rival Lion Capital, highlighting the keen appetite of private equity firms to strike deals in the recession-resilient food industry...
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26 July 05:15
William Chase, owner of the only premium potato-based vodka distillery in Britain, plans to take on much larger, mass-produced luxury brands in the U.S. market, Chase told Reuters...
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26 July 04:52
The European Union's new financial supervisory bodies should not be able to directly regulate a domestic bank, a government minister said...
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26 July 02:00
In one of the most controversial UK IPOs this year, Ocado has plowed ahead with its initial public offering, despite criticism over its market valuation and its last minute revisions to…
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26 July 00:55
The Egyptian unit of Vodafone may have overtaken Mobinil last quarter as the country's largest provider of mobile phone subscriptions...
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26 July 00:00
Kuveyt Turk Katilim Bankasi, the Islamic lender majority held by Kuwait Finance House, plans to launch a three-year, $100 million Islamic bond offering in the first half of August…
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25 July 09:19
German airport operator Fraport is in talks with a Chinese partner as it seeks expansion opportunities overseas, the German firm's chief financial officer told Frankfurter Allgemeine Sonntagszeitung...
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23 July 13:14
Seven European banks would not be strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), tests run in an attempt to revive investor confidence...
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23 July 11:32
British aircraft engine maker Rolls-Royce said it secured $1.7 billion in orders at the Farnborough Airshow, including deals for its Trent 700 engine, the leading engine for the Airbus A330...
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23 July 04:39
With the results of stress tests on 91 European banks looming, financial institutions have been coming up with their own scenarios of what to expect...
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23 July 04:33
Several Spanish savings banks fail stress test - report...
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23 July 01:00
Diageo is turning to whiskey to drown its pension woes as it becomes the latest UK company to use asset-backed schemes to fund its pension deficit…
Precedent Watch
22 July 07:00
Dutch company NXP Semiconductors N.V. filed with U.S. regulators for a $663 million initial public offering of its shares...
Reuters News
22 July 04:26
Investment banks are once again luring top rival talent with generous guaranteed pay packages that may convince a top banker to jump ship, while also inviting scrutiny from regulators across the globe...
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22 July 04:22
British publisher Pearson Plc is investing 888 million Brazilian reais ($499 million) to partner with Sistema Educacional Brasileiro, more than doubling the size of its education business in Brazil...
Reuters News
22 July 03:00
Syngenta, the world's biggest agrochemicals company, expects its net profit to be down this year as a late start to the farming season following a harsh winter and higher taxes weigh...
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22 July 01:30
Global companies, take note of the Agricultural Bank of China’s neat ruse to improve the prospects of its recent Hong Kong IPO…
Precedent Watch
22 July 00:30
For all the drama of high seas brigandage, many of the risks and costs go unpublicized. Wherever there’s insurance, litigation follows…
Precedent Watch
21 July 14:28
British defense group BAE Systems is seeing unprecedented levels of interest from Middle East and Asian customers and is close to sealing a 500 million pound ($765.2 million) deal to sell Hawk jets to India...
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21 July 11:53
British satellite broadcaster BSkyB has agreed to sell its business-to-business telecoms unit Easynet for 100 million pounds ($153 million) to LDC, a British private-equity firm backing Easynet's management...
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21 July 07:15
Consumer goods group Reckitt Benckiser agreed to buy Durex condoms and Scholl sandals maker SSL for 2.54 billion pounds ($3.8 billion) to increase its presence in health and personal care...
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21 July 04:35
The European Union appealed on Wednesday against a World Trade Organization ruling condemning its subsidies for Airbus, prolonging a dispute with the United States for at least several more months...
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21 July 03:33
British lender Royal Bank of Scotland confirmed it had placed an order worth over $7.6 billion at list prices for 52 Airbus A320 family aircraft and 43 Boeing 737 family aircraft...
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21 July 01:45
The European Commission has approved a sweeping restructuring of Bank of Ireland, which will see the beleaguered bank dispose of a number of key assets in order to comply with EU rules on state aid…
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20 July 16:30
BP Plc said it had reached a deal to sell $7 billion in assets to Apache Corp as it tries to raise money to deal with the Gulf of Mexico oil spill...
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20 July 12:05
British online grocer Ocado has cut the price of its initial public offering to win over investors who balked at the company's valuation, which is still higher than where sceptics think it should be...
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20 July 09:14
Goldman Sachs Group Inc posted lower second-quarter earnings, hurt by its settlement of U.S. Securities and Exchange Commission civil fraud charges and the UK tax on bank executive bonuses...
Reuters News
20 July 04:18
British mobile email software developer Synchronica said it agreed to buy Canadian peer iseemedia for about 5.3 million pounds ($8.1 million) in an all-stock deal to expand in India and South-East Asia...
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20 July 03:28
Ireland to auction bonds after Moody's downgrade...
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19 July 12:54
Aircraft leasing firms made a major comeback, as industry veteran Steve Udvar-Hazy dropped $4 billion on A320s and former arch-rivals at General Electric doubled his efforts...
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19 July 12:48
Privately negotiated derivatives should be more standardised and traded on exchanges where possible, using incentives rather than mandatory rules for now...
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19 July 10:45
Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more...
Reuters News
19 July 10:00
Ireland's National Asset Management Agency has completed the transfer of a second batch of loans from all participants except nationalised Anglo Irish Bank...
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19 July 08:15
Unilever has sold its slow growth Italian frozen foods unit Findus to Birds Eye Iglo for 805 million euros ($1.1 billion), reuniting it with the business it sold four years ago to private equity group Permira...
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19 July 08:00
Update on Bank of Ireland Group's Participation in the National Asset Management Agency...
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19 July 04:02
Moody's downgraded Ireland's sovereign bond rating by one notch to Aa2, citing weaker growth prospects and the high costs of rebuilding the country's crisis-hit banking system...
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19 July 03:34
France's GDF Suez and Britain's International Power have revived talks on a possible tie-up between the two power companies, they said...
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19 July 02:30
Perhaps surprisingly, even in this wizened post-BP age, ultra deepwater drilling is going on unabated, leveraging some of the same structures as BP/Transocean…
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19 July 02:00
India is gaining new corporate renown as, via acquisitions and exchanges, its companies migrate worldwide…
Precedent Watch
16 July 05:29
Citigroup Inc and AIG classified more than $11 billion in loans as sales in the second half of 2009, masking the companies' risk levels, filings with the U.S. Securities regulator showed....
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16 July 04:45
Britain's top companies are likely to use big name brands, patents and other exotic assets to help plug shortfalls in pension schemes and fund longer lifespans in the...
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16 July 04:37
The euro zone's debt woes have raised worries about the outlook for the world economy, which has already been dealt a severe blow by the global financial crisis...
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16 July 04:31
Wall Street reform clears Congress...
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16 July 00:15
Buy shares in a leading British company and you might be buying more than you bargained for, as emerging market deals come into play…
Precedent Watch
15 July 12:48
Weather Investments, the holding company of Egyptian businessman Naguib Sawiris, is considering a move into Poland and Serbia after the success of its mobile operations in Italy...
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15 July 05:19
Spain sold 3 billion euros ($3.8 billion) of a 15-year benchmark bond, at the top end of the Treasury's target range, following previous successful auctions in euro zone periphery countries this week...
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15 July 02:20
British oil and gas company Fairfield Energy shelved plans for a $500 million stock market listing, the company said, citing hostile markets...
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15 July 00:30
In a deal which promises to turn the tap on UK building sector consolidation through M&A, Travis Perkins, one of the UK’s largest builders’ merchants…
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14 July 13:44
The takeover watchdog has banned activist investor Brian Myerson and two other investors for three years from merger activity, in its first such sanction since 1992...
Reuters News
14 July 10:22
Oneworld members British Airways, American Airlines and Iberia won EU antitrust clearance on Wednesday to deepen their pact after agreeing to cede some lucrative trans-Atlantic routes...
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14 July 09:00
After three consecutive quarters of improvement, a new analysis from Hewitt Associates, a global human resources consulting and outsourcing company, found that...
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14 July 03:31
U.S. cable provider Comcast won EU regulatory clearance on Wednesday for a landmark deal to buy a controlling stake in General Electric's NBC Universal...
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14 July 02:30
Major pharmaceutical deals, like those involving Teva and Pfizer, are unfolding under the twin pressures of healthcare reform in the U.S. and downward price pressure on...
Precedent Watch
14 July 01:30
Summer is turning up the heat in the northern hemisphere. As travelers are packing their bags, legal counsel of PRC hospitality and travel companies have been…
Precedent Watch
14 July 01:01
Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahayan is considering an investment in oil major BP...
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13 July 13:58
British online grocer Ocado faced calls to cut the price of its planned initial public offering on Tuesday as analysts and investors said its hopes of a 1 billion pound...
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13 July 12:23
Planned global rules that will force banks to top up their capital and curb risk to avert a repeat of the financial crisis could choke growth and raise costs for consumers...
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13 July 11:52
Pension trustees for Britain's BT Group Plc asked a court on Tuesday to rule how much of its liabilities could be guaranteed by the state, in a move which could affect how the company tackles its deficit...
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13 July 08:42
Borders Group Inc said that it had agreed to sell a British-based retailer of stationery, cards and gifts to Primary Capital Ltd for about $31 million (20.5 million pounds)...
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13 July 03:08
Britain's financial regulator unveiled new rules obliging banks to make sure all mortgage customers can afford their repayments, in a move that will outlaw self-certification loans...
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13 July 02:05
The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT on Tuesday...
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13 July 01:38
Retail sales rebound in June...
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13 July 01:00
Whilst stock market wobbles continue to disrupt the IPO plans of many, a few surprisingly risky companies have managed to get their equity issues off the ground recently…
Precedent Watch
13 July 00:00
Essar Energy plc, the India-focused integrated energy company, today announced that its subsidiary, Essar Power Limited (EPL), has entered into binding agreements for...
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12 July 02:00
In a sudden blast from the past, details of the US$1 billion deal between China Unicom and Spain’s Telefonica last year have finally been disclosed. The subscription agreement...
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11 July 05:00
Italy's Benetton family and road operator SIAS plan to merge their Chile highway holdings into a billion-euro company, Il Sole 24 Ore said...
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11 July 01:00
Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced…
Precedent Watch
09 July 06:49
Vallar Plc, which is seeking to build up a mid-tier mining house from scratch, raised 707 million pounds in an initial public offering before formal trading begins on July 14, it said...
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08 July 10:15
Banks are set to step up sales of struggling hotels, a boon for buyers such as private equity and sovereign wealth funds pursuing prestigious addresses and higher returns versus other commercial properties...
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08 July 09:04
European supervisors shored up some confidence in the stress tests they are imposing on banks, as markets focused on finding out more detail about the process before delivering a final verdict...
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08 July 05:28
The European Court of Justice ruled that Portugal's golden share in Portugal Telecom was illegal, opening the way up to a possible conclusion of PT's sale of its Brazilian Vivo unit to Spain's Telefonica...
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08 July 03:30
The race to flee “disreputable” Caribbean tax havens for “legit” European low tax jurisdictions is now on with two insurance companies fleeing from…
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08 July 01:05
The Obama administration heads to court on Thursday with a single goal -- to reinstate a six-month moratorium on deepwater oil drilling imposed in response to the BP Plc oil spill but blocked by a federal judge...
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08 July 01:00
In a recent insider trading decision, a U.S. federal court in Manhattan ruled against the SEC in its first ever insider trading case involving credit default swaps or CDS…
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07 July 08:19
Swedish measurement systems firm Hexagon AB said on Wednesday it would pay $2.1 billion for U.S. software firm Intergraph to capitalise on expanding demand from energy, security and infrastructure firms...
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07 July 07:24
Kraft Foods Inc agreed to sell Cadbury Plc's chocolate confectionery business in Romania to Oryxa Capital for an undisclosed amount to meet the European regulatory requirement of its Cadbury acquisition...
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07 July 04:05
Greece's fiscal and structural reforms, intended to pull it out of recession and end a sovereign debt crisis, are on track despite some shortcomings, the European Commission said...
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07 July 02:11
British Airways will be able to guarantee all of its flights should there be any new strike action, the company's Chief Executive Willie Walsh said in an interview...
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07 July 00:00
Vantage Drilling Company announced that it has signed a definitive agreement to acquire the remaining 55% ownership interest in Mandarin Drilling Corporation...
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06 July 10:37
Spanish motorway group Abertis' core owners and private equity firm CVC Capital Partners are set to secure 6-7 billion euros to fund their buyout of the firm next week, in spite of the ongoing global credit squeeze...
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06 July 09:37
Ireland's Ryanair could still bid for Aer Lingus despite losing a legal challenge to a 2007 veto by EU regulators against the budget carrier's second attempt to buy its rival...
Reuters News
06 July 03:21
Spanish publisher Grupo Planeta gained EU regulatory approval on Tuesday for its acquisition of a major stake in Spanish book company Circulo from German media group Bertelsmann...
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05 July 11:09
Iranian officials accused Germany, Britain and the United Arab Emirates on Monday of refusing to refuel Iranian passenger planes in response to tougher U.S. sanctions over its nuclear programme...
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05 July 09:00
British builders merchant Travis Perkins is to buy BSS Group for an agreed 557.6 million pounds ($845 million) to become the country's biggest plumbing and...
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05 July 06:23
British oil and gas company Fairfield Energy set a price range for its initial public offering (IPO), targeting proceeds of up to $500 million (330.4 million pound), two sources close to the deal said...
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05 July 06:02
Bailed-out lender Lloyds Banking Group has agreed to sell its private equity business to buyout firm Coller Capital, accelerating its plan to offload peripheral units and refocus on its core lending activities...
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05 July 01:00
Television is undergoing a virtual revolution in the UK, but it is a revolution that is leading to very real competition law issues. Regulators are picking up enforcement on…
Precedent Watch
04 July 02:17
Troubled oil giant BP could get a reprieve from Middle East financial institutions looking to make a strategic investment in the company...
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02 July 08:35
Investment flows to the world's four biggest emerging economies -- Brazil, Russia, India and China -- slowed slightly in the first half of 2010 but growth rates and the pace of dealmaking remain strong, data shows...
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02 July 07:49
Lloyd's of London insurer Brit Insurance said it had rejected an improved takeover proposal from U.S. buyout firm Apollo Management, but signalled it was ready to do a deal at the right price...
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02 July 04:03
French media groups Lagardere and Vivendi failed to agree on the price for a 20 percent stake in leading French pay television group Canal+ France, and the stake will now be sold in an initial public offering...
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02 July 02:30
Virgin Media has set the scene for possible share buy-backs, dividends or capital investments by putting itself in rude financial health with a…
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02 July 01:00
The cross-border tie-up of mega-hedge funds Man Group and GLG Partners has moved one step closer to completion. GLG Partners filed its preliminary merger proxy for…
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01 July 08:11
British company Chloride is to start talks with Emerson Electric after rival suitor ABB pulled out in the face of an improved 997 million pounds ($1.5 billion) offer from the U.S. group...
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01 July 08:00
British telecoms provider BT announced pricing it said was cheaper than that of its rivals for Sky Sports TV channels, potentially sparking a price war after BSkyB was ordered to...
Reuters News
01 July 06:51
Britain's Tate & Lyle is selling its European sugar operations to American Sugar Refining for 211 million pounds ($315 million), breaking a 150-year link to sugar in favour of low-calorie sweeteners offering faster growth...
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01 July 05:10
EU antitrust regulators were justified in fining Anglo-Swedish drugmaker AstraZeneca five years ago for blocking cheaper generic medicines coming to the market, a European Union court said...
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01 July 04:13
Agricultural Bank of China's Hong Kong share offering has been more than 10 times oversubscribed by institutional investors, signalling their healthy interest in the dual-market listing that could end up...
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01 July 03:44
Barclays Capital said it had set up a new syndicate bond, sales and trading team in Zurich to bolster its presence in the Swiss bond market...
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01 July 02:21
U.S. engineering firm URS Corp won the bidding battle for British consultancy Scott Wilson Group after privately held CH2M Hill withdrew its offer, saying the acquisition no longer added value to the company...
Reuters News
01 July 01:30
Sovereign credit risk is an issue beyond the Eurozone – to wit, South African credit, post-World Cup, is causing a stir…
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30 June 04:05
The Takeover Panel gave URS a slap over the wrist, saying the U.S. engineering firm's statement that it might raise its bid for consultancy Scott Wilson Group breached the takeover code...
Reuters News
30 June 02:00
With BP as backdrop, deepwater drilling is gushing forward, incongruously driven by both Noble Corp and Judge Barton Feldman of Louisiana…
Precedent Watch
29 June 15:00
Mobile phone operators in the European Union are keeping charges for roaming as high as regulations will allow them, showing that there is a need for more competition...
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29 June 09:58
Spurned U.S. suitor Emerson Electric raised its cash offer for Chloride by more than a third to $1.5 billion, seeking to tempt the British group away from an agreed $1.25 billion (829 million pound) deal with...
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29 June 09:56
World stocks hit a 2-1/2-week low on Tuesday while oil and the euro also slipped as investors grew nervous over the funding situation of banks about to repay 442 billion euros ($545.5 billion) to the European Central Bank...
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29 June 07:06
A subsidiary of India's Reliance Capital Asset Management will launch two Islamic funds in Malaysia by July and roll out products for retail investors in two years, a company official said on Tuesday...
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29 June 03:51
Europe's highest court backed on Tuesday an EU regulatory decision to drop an antitrust case against De Beers in return for a pledge by the diamond producer to stop buying rough gems from Russia's Alrosa...
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28 June 08:00
The deal could give Goldman a substantial stake in China's No.4 life insurer and allow France's AXA to shed a non-core asset…
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28 June 04:31
The Group of 20 ended a summit saying its top priority was strengthening the shaky economic recovery and pledging to clean up debt-burdened public finances without stunting growth...
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28 June 02:34
Ports operator DP World, postponed plans to seek a dual listing on the London Stock Exchange in a surprise move, saying it needed to find an acceptable system to support the listing...
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28 June 02:00
If the value of lawyerly corporate structuring ever needed proof, the vortex of events sucking down BP is it. With asset sales and lawsuits by aggrieved shareholders like those of New York state’s pension fund…
Precedent Watch
27 June 03:15
Talks to boost Telecom Egypt's stake in Vodafone's Egypt unit ended because the British firm insisted on selling all or none of its share...
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25 June 07:15
Hospital operator Fortis Healthcare said the Government of Singapore Investment Corp had decided to defer a preferential investment but the sovereign wealth fund will evaluate participating in broader fund raising by Fortis...
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25 June 06:07
Vivendi hailed a U.S. Supreme Court ruling limiting foreign shareholders' rights to seek compensation in the United States...
Reuters News
25 June 05:49
Global merger and acquisition activity in 2010 is off to its worst start in six years, and with economic uncertainty and a sovereign debt crisis in Europe, the second half could be just as disappointing...
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25 June 04:04
Abu Dhabi's Aabar Investments, the largest stakeholder in Daimler, called a July 26 shareholder meeting to discuss delisting the company to boost flexibility...
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25 June 02:00
As if successfully doing a global debt offering weren't hard enough, Royal Dutch Shell plc just did a debt doozy, involving three different legal jurisdictions…
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25 June 02:00
AgBank’s highly anticipated IPO is turning China’s rural finances into cerebral fodder. Unique risk factors paired with newly minted legislative subsidies…
Precedent Watch
24 June 11:30
Britain could force internet service providers such as BT, Virgin Media and TalkTalk to reveal whether they restrict access to some websites at peak times while favouring others, regulator Ofcom said...
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24 June 08:30
Titagarh Wagons said its bid to acquire a rail wagon or rolling stock manufacturing unit in France has been accepted by the court...
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24 June 06:57
Dutch financial services group ING raised $175 million by selling its entire 3.1 percent stake in India's Kotak Mahindra Bank, two sources with direct knowledge of the deal said...
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24 June 06:17
Insurance buyout vehicle Resolution has agreed to buy AXA's UK life arm, and its leading investors will cheaply underwrite half of a $3 billion rights issue to fund the deal...
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24 June 02:51
Ski resort and theme park operator Compagnie des Alpes is refinancing its debt and raising 100 million euros ($134 million) through a capital increase to expand its leisure business and make acquisitions...
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24 June 01:15
Europe may be on the road to recovery following a Greek financial contagion which almost brought it to its knees, but it appears that the contagion was not without its after effects...
Precedent Watch
24 June 00:30
RRSat Global Communications Network Ltd. appears to have taken another step in shrinking the planet as it expands its networking capabilities around the world...
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23 June 16:54
The United Arab Emirates wants Royal Dutch Shell to step in as its partner at the $10 billion Shah gas project after U.S. major ConocoPhillips withdrew...
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23 June 04:23
Germany, France and Britain announced plans on Tuesday to introduce a bank levy to help meet the costs of the financial crisis, without waiting for a G20 summit this week, underscoring a rift with key partners...
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23 June 03:00
Whilst there seems to be a public perception that the bond market in the UK is closed to all but structured finance offerings, there are yet signs of life…
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22 June 13:22
British oil giant BP has agreed to sell its French retail business to Israeli conglomerate Delek Group for 180 million euros ($241.5 million), Delek said...
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22 June 13:15
The Financial Services Authority said it remained a watchdog with "teeth" and would turn its attention to how contracts for difference (CFDs) are traded as part of wider efforts to clean up markets...
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22 June 11:48
Britain slapped a 2 billion pound ($3.1 billion) annual tax on banks and Germany and France said they will follow suit, telling the industry it must pay for its part in the financial crisis...
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22 June 04:44
World stocks fell for the first time in two weeks on Tuesday as investors took some profits on a cooler assessment of China's weekend decision to give its currency more flexibility...
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22 June 04:27
British finance minister George Osborne will announce swingeing spending cuts and tax rises in what will be the tightest budget in a generation and the first big test for the coalition government...
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22 June 03:19
British Airways said it had agreed a recovery plan for its 3.7 billion pound ($5.5 billion) pension deficit, potentially removing a final obstacle to its planned merger with Spain's Iberia...
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21 June 22:50
Bouygues Construction said on Monday it had won a 360 million euro ($445.8 million) contract to build a rail tunnel in Hong Kong…
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21 June 14:30
The financial regulator has fined photo booth maker Photo-Me 500,000 pounds, the largest fine of its type, for a delay in disclosing inside information...
Reuters News
21 June 11:46
Russian tycoon Alisher Usmanov won a major step in his battle to scrap the merger of Russia's No.2 mobile firm MegaFon and top Turkish operator Turkcell after a Moscow court nullified the deal...
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21 June 05:46
Barclays Plc's top two executives will this week tell a New York court the British bank did not get an unfair windfall from a deal for parts of Lehman Brothers in a case that shows the need for banks to draw up "living wills"...
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21 June 04:03
The biggest threat to Britain's economy is its huge budget deficit, and an emergency budget on Tuesday will save the country from the fate of debt-stricken Greece, British finance minister George Osborne said...
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21 June 03:55
Agricultural Bank of China has received an $800 million investment from the Kuwait Investment Authority, sources said, in a deal that means Middle East funds will take up more than half...
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20 June 13:07
Europe will import its first solar-generated electricity from North Africa within the next five years...
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18 June 05:02
May public finances slightly better than expected...
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18 June 04:33
The European Commission conditionally approved the creation of a "New Eurostar" rail joint venture by French railway operator SNCF and British railway company London & Continental Railways Ltd. (LCR)...
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18 June 04:00
Securitisations are back in the UK, but the landmark Lehman litigation may result in U.S. bank securitizations being all but eliminated. With AAA ratings mandated amidst the...
Precedent Watch
18 June 03:37
Tesco, the world's No.3 retailer, could face a revolt over executive pay after investor lobby groups urged shareholders to vote against the company's remuneration report at its July 2 annual meeting...
Reuters News
18 June 02:30
Israeli generic pharmaceutical giant Teva filed a suitably gigantic $2.5 billion debt offering this week...
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18 June 01:00
The UK’s financial regulatory system received a shake up with the introduction of a powerful new regulator charged with preventing asset bubbles and managing systemic risk…
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18 June 00:30
Once the World Cup frenzy dissipates, South Africa will turn its attention back to the less electrifying fields of banking and finance...
Precedent Watch
17 June 15:01
AOL Inc will sell its Bebo social network site to private investment firm Criterion Capital Partners for an undisclosed sum, as it tries to restructure its business and deal with declining revenue...
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17 June 14:07
New British finance minister George Osborne announced the biggest shake-up of the regulatory landscape in 13 years on Wednesday as he pledged to give the Bank of England ultimate control over financial supervision...
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17 June 09:39
The Treasury minister said on Thursday that government projects worth 11.5 billion pounds would be cancelled or suspended, accusing the previous Labour government of taking irresponsible spending decisions...
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17 June 07:48
Switzerland's parliament backed a Swiss-U.S. tax treaty crucial to the future of UBS AG, ending months of uncertainty over the deal and paving the way for renewed recovery at the Swiss bank...
Reuters News
17 June 07:12
British oil and gas company Fairfield Energy said it planned to raise $450-$500 million (304-337 million pounds) to build its North Sea business in a July listing on London's main market...
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17 June 06:33
EU regulators, who dropped an antitrust investigation into Qualcomm seven months ago, are looking into a complaint by a British company accusing the U.S. wireless chip firm of anticompetitive activity...
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17 June 03:00
Think there is nothing so “crude” as making money from someone else’s misfortune? Not so, according to SGA Société Générale. It has issued call warrants on shares in BP plc under a securitised derivatives programme…
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17 June 02:18
European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis...
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16 June 12:35
HSBC Holdings will grow in profit and size in China as the powerhouse economy further opens up its capital markets and fuels growth, the group's chairman told Reuters in an interview on Wednesday...
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16 June 09:48
Thousands of creditors of bankrupt U.S. investment bank Lehman Brothers owed about $22 billion will be offered earlier cash payments if they are willing to accept lower valuations on their claims...
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16 June 04:03
Bank of America Merrill Lynch has ordered its traders not to enter into oil trades with BP Plc. that extend beyond June 2011, a market source familiar with the directive told Reuters...
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16 June 02:00
While BP’s oil continues to spill into the Gulf of Mexico, PRC state-owned giants are also seeping deeper into the western oil scene…
Precedent Watch
16 June 01:00
The FSA’s future may be uncertain in the UK, but that doesn’t seem to be holding it back. Even as the FSA hemorrhages senior staff and speculation grows over its future, the regulator is pushing forward with…
Precedent Watch
14 June 08:13
BP said the oil spill in the Gulf of Mexico had already cost it $1.6 billion and that it would begin operating an additional mechanism to capture more crude from the leaking well in the coming days...
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14 June 04:31
The debt crisis hitting southern Europe resembles the 2007 subprime crisis more than the financial crisis following the collapse of Lehman Brothers, a report by the Bank for International Settlements said...
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14 June 02:22
The following corporate finance-related stories were reported by media on Monday...
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14 June 02:00
Plucky Brits can still give acquisitive Amercians a run for their money, even though the UK is a land of few takeover defences. As both Raymarine and Chloride have recently proven, a target can still wield a few legalistic maneuvers in self defence…
Precedent Watch
13 June 12:06
Fosun, China's largest non-government controlled group, has acquired 7.1 percent of holiday resort operator Club Med, the first time a quoted Chinese group has taken a direct holding in a listed French company...
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11 June 09:28
Copper and oil prices could leap on strong industrial demand in coming months and gold may rise further on inflation-linked buying, suggesting a new wave of gains for commodities...
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11 June 09:08
Lloyd's of London insurer Brit Insurance confirmed it had rejected a 770 million pound indicative cash offer from U.S. buyout firm Apollo, and said it was holding out for a higher bid...
Reuters News
11 June 05:53
EU competition regulators will decide by July 15 whether to clear or block a planned $8 billion merger between British Airways and Spain's Iberia, the European Commission said on Friday...
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11 June 04:40
Tax cuts could boost Hungary's growth and make its finances more sustainable but the government must first deliver on budget goals to regain investor confidence shaken by ill-worded comparisons with Greece...
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11 June 01:00
With oil ever in demand, financing shipping fleets is an attractive proposition and London remains its favoured port of call. Greece’s Navios Maritime has just signed up...
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11 June 01:00
Qatar’s Lilliputian size belies its deal-making prowess. Pound-for-pound, it may be the world’s richest (non-tax haven) country, but Qatar hasn’t put all its eggs in the energy basket...
Precedent Watch
11 June 00:00
In a stark warning of just how badly a joint venture can go wrong, beleaguered bioplastics company, Stanelco plc, has announced that following its disastrous joint venture with Sphere SA…
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10 June 23:45
Carlsberg, the world's fourth-biggest brewer, said on Thursday it would increase its stake in CBC to 29.71 percent from 17.46 percent…
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10 June 19:00
In a $1.3 billion tale of the strength of U.S. healthcare, two U.S. rivals are merging while one’s significant British shareholders skip out – skip, that is, all the way to the bank...
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10 June 11:19
GlaxoSmithKline stepped up its drive into emerging markets on Thursday with the acquisition of Argentina's Laboratorios Phoenix for $253 million...
Reuters News
10 June 11:03
Suspicious market activity preceded almost a third of UK takeovers last year, the highest level for five years, the financial watchdog said on Thursday as it vowed a far more aggressive enforcement policy...
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10 June 04:49
Merger and acquisition activity in the defense industry is heating up, and is expected to far surpass the deal volume last year as larger companies target smaller ones with niche technologies...
Reuters News
10 June 04:37
The competition watchdog launched a probe into equity underwriting fees, after companies expressed concerns about what is one of the biggest money-spinners for investment banks...
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10 June 03:45
European hedge funds betting on the fallout from unforeseen events were among a small band of winners in a stormy May for investors, and they predict things could get worse rather than better over the next three months...
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10 June 02:00
The rain in Spain is falling relentlessly on the (banking) plain. This has led to a scurry for cover through well-publicized Spanish governmental moves, and…
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09 June 17:50
The Syrian finance minister said on Wednesday he would speak with managers of big Turkish banks to look into setting up joint banks in Syria, further strengthening economic ties between the two countries...
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09 June 14:40
Private Turkish banks are interested in setting up joint ventures with private Iraqi banks, Iraq's finance minister said on Wednesday...
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09 June 08:00
UK Commercial Property Trust is taking over F&C Commercial Property Trust to create Britain's sixth-largest listed property company, worth about 1.6 billion pounds ($2.5 billion)...
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09 June 07:59
Spanish banks are being frozen out of the European interbank market, and only the biggest Spanish entities are managing to finance themselves, according to a report in newspaper Cinco Dias...
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09 June 05:35
Some of Prudential's largest investors will demand a shake-up of the company's leadership over its handling of a botched $35.5 billion bid to takeover AIG's Asian unit, British media reported on Wednesday...
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09 June 04:23
France's Total, Spain's Abengoa and the United Arab Emirates's Masdar will build a 100 megawatt concentrated solar power (CSP) plant southwest of Abu Dhabi...
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09 June 03:00
Lending and general economic conditions remain difficult for European companies, affecting even venerable Coke in Europe. The result? Coca-Cola Hellenic Bottling Company (CCHB), the Greek franchise of Coca-Cola International, has announced …
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09 June 01:32
Asia stocks and euro struggle on debt worries...
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09 June 01:00
China as “factory to the world” is at some risk, even posing a threat to iconic brands like Apple and Honda. Strikingly few Western companies have disclosed this…
Precedent Watch
08 June 13:26
Airbus landed a record $11 billion order for superjumbos from Dubai's Emirates, the Arab world's largest airline, as the carrier shook off the risk of another recession and struck a blow to its older European rivals
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08 June 06:04
The first shot to be fired at Europe's 21st century army plane came not from the barrel of a gun but a safety inspector's clipboard. In 2008, weeks after the first A400M troop transporter rolled off a...
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08 June 04:49
Swiss engineering group ABB is buying UK-based Chloride Group for an agreed 860 million pounds ($1.25 billion), as it seeks to improve its automation offering...
Reuters News
08 June 02:00
In an effort to cash in on China’s booming tourism industry, local carrier China Southern Airlines is stocking up on the latest aircraft from France’s Airbus…
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07 June 22:35
Russian miner Petropavlovsk said it continues to explore strategic options for its iron ore operations, including a possible listing in Hong Kong, as it seeks to gain a better valuation for the business…
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