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Reed Elsevier plc-ChoicePoint Inc.
Topping headlines out of Europe this morning, Anglo-Dutch publisher Reed Elsevier, the owner of the LexisNexis database, agreed to buy ChoicePoint of the U.S. for $3.5 billion to add information services for the insurance industry.
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Societe Generale SA
Societe Generale unveiled a 3.5 billion euro ($5.2 billion) fourth-quarter loss, most of which it blamed on unauthorized trading by Jerome Kerviel. Seperately, a report
commissioned by the bank into the rogue trading found that it had ignored 75 warnings over two years relating to Kerviel's actions.
Paragon Group of Cos. plc
British bank Paragon, forced to tap shareholders for cash after the credit crunch left it unable to secure financing, said Thursday it had raised almost 290 million pounds ($568 million), boosting its shares.
HgCapital-Clarion Events Ltd.-Veronis Suhler Stevenson LLC
Meanwhile, HgCapital, the European sector-focused private equity investor, today announced the sale of Clarion to the U.S. private equity investor Veronis Suhler Stevenson for an enterprise value of 120.5 million pounds.
Air One SpA-Italian Court
An Italian court has rejected a claim by Italian carrier Air One that Alitalia's decision to negotiate a sale exclusively with Air France-KLM Group was illegal.
SABMiller plc-Scottish & Newcastle plc
SABMiller put out a statement late Wednesday saying it had been in preliminary talks with S&N but decided to take no further action. On Thursday morning, S&N shares were down about 2.4%.
Aegon NV
Aegon, which has 1.6 billion euros in assets under management in Hungary, agrees to buy two Hungarian companies that will increase assets by about 300 million euros.
- The editors
See earlier story on TheDeal.com on Paragon
See earlier story on TheDeal.com on SocGen
See Dealwatch: Brewers
