Entries tagged "Deal International"

Maclaren riding into receivership, again?

British baby products maker Maclaren is facing a massive recall on its leading product, strollers. The last time it faced a challenge, it stumbled into receivership.

Deutsche Bank ups stake in Postbank

Germany's Deutsche Bank is stepping up its plans to take over the country's biggest retail bank, Deutsche Postbank, according to local media.

U.K.'s Brown sees red in S&P note

Credit ratings agency Standard & Poor's puts Britain's AAA rating on creditwatch negative over concerns for the costs of its bank bailouts.

UBS goes on a hiring spree

The Swiss bank hired 200 new brokers in the fourth quarter, luring away some top talent from Goldman Sachs Group and Morgan Stanley.

'Creeping takeovers' rise in Germany

These days, whenever takeover rumors surface in Germany, they're accompanied by unsourced articles that claim the suitor has already acquired a significant minority stake through options, complicating any defense. Blame ball bearing maker Schaeffler KG, which famously revived a technique pioneered by Porsche AG with its offer last year for Volkswagen AG. ...

Commerzbank plans meeting to discuss Dresdner buy

Although ongoing loses at Dresdner Bank AG were thought to stymie Allianz SE's sales efforts earlier in the month, Commerzbank AG remains undeterred in its interests in Dresdner, according to a Reuters report. Commerzbank is reportedly preparing to call a supervisory board meeting late next week to discuss a possible offer, a Reuters source has said....

Greenlight's Einhorn fights Natixis plan

David Einhorn, the hedge fund tyro who famously shorted Lehman Brothers Inc. stock earlier this year, is stirring up trouble in Paris. His New York hedge fund, Greenlight Capital Inc., has called on French investment bank Natixis SA to drop plans to sell €3.7 billion ($5.4 billion) of new shares, arguing it would be massively dilutive and do the struggling investment bank no good....

HBOS Australian unit looks appetizing to CBA

After Commonwealth Bank of Australia withdrew last week from talks to buy the Royal Bank of Scotland's Australian unit, it now reportedly has its eyes on another British bank's Australian unit. According to The Australian, CBA may offer of up to A$7 billion ($6 billion) for HBOS plc's BankWest unit....

ArcelorMittal looks to Brazil for growth

The world is getting smaller for ArcelorMittal. The world's No. 1 steelmaker agreed Monday to acquire a 49% stake in Brazilian iron ore and manganese miner Mineração Pirâmide Participações Ltda., days after announcing plans to expand in South America's biggest steel market....

Deutsche Bank remains hungry for deals; posts $1B profit

Deutsche Bank AG earned a respectable second-quarter profit of $1 billion, but the amount was a 64% drop at $4.2 billion in the same year-ago period due to a $3.6 billion in new write-downs. The German bank's Achilles heel was its securities unit, which posted its second straight quarterly loss. ...

Who's talking to Informa?

British publisher Informa plc must have thought it had a leisurely wait ahead of it when it told analysts Monday that talks were continuing with a private equity consortium of Providence Equity LLP, Carlyle Group LLC and Hellman & Friedman LLC about a takeover of the company. ...

Plot twist

He who laughs last, laughs best? Germany's E.ON AG may now be planning another dash at the Spanish utility market after Italy's Enel SpA and construction group Acciona SA pried away the country's biggest provider, Endesa SA, last year. The tangled tale goes something like this: Acciona rival Actividades de Construcción y Servicios SA on Thursday unveiled an auction of its 45% holding in Spain's third-biggest utility, Union Fenosa SA, to increase its 12% holding of Iberdrola SA, Europe's biggest renewable energy group. ...

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