Deals
Gobbling up another bank can do wonders for your stock -- especially if you "buy good franchises cheap and fix them up," according to research from Sandler O'Neill. Go to Blog
News
GE confirms plans to exit appliance business
BOSTON (Reuters) - General Electric Co confirmed on Friday it may sell or spin off its century-old appliances unit, saying the business was too focused on the United States. Full Article
Analysis (1/5)
A hedge fund manager's "short" story
David Einhorn of Greenlight Capital talks about his new book, "Fooling Some of the People All of the Time: A Long Short Story." Full Article
paidContent: Les Moonves on the CNET acquisition
The CBS CEO talks about how the online tech site will fit into the Tiffany network, and what reaction he expects from activist CNET shareholder Jana Partners. Full Article
Commentary: Yahoo's board brought this on themselves
Investor Eric Jackson, instrumental in a campaign for a change of leadership at Yahoo last year, welcomes Carl Icahn's campaign to replace the current board of directors. Full Article
Buyout shops eye U.S. banks but wary of regulators
Private equity firms are searching for ways to invest in U.S. banks and thrifts while avoiding restrictions that bar owners of these institutions from other businesses. Full Article
Newspapers to see more deals but at lower pricess
The fight to buy Newsday surprised many in the media world -- not because of its high-profile combatants, but because of the high price they were willing to pay to buy a newspaper. Full Article
The mist is beginning to clear. I am beginning to see a golden dollar sign.
Global M&A Data
Top Global M&A Deals
Announced last week (3 May to 9 May 2008)
| Target | Acquirer | Value $M |
|---|---|---|
| Clearwire Corp (USA) | Sprint Nextel Corp (USA) | 7,400.0 |
| Credit Card Receivables (USA) | JPMorgan Chase & Co (USA) | 3,600.0 |
| Clearwire Corp (USA) | Intel Corp & Google & Comcast & Time Warner Cable & Bright House Networks (USA) | 3,200.0 |
| Japanese consumer loan business of GE (JPN) | Acom Co Ltd (JPN) | 2,866.3 |
| New Venture Comprising Retail Business of Carphone Warehouse Group PLC (GBR) | Best BUY Co Inc (USA) | 2,125.7 |
| Enodis PLC (GBR) | FNI Limited (GBR) | 2,010.6 |
| Taylor Nelson Sofres PLC (GBR) | WPP Group Plc (GBR) | 1,937.4 |
| RHB Capital Bhd (MYS) | Abu Dhabi Commercial Bank PJSC (ARE) | 1,222.5 |
| AFP Capital SA (CHL) | ING Compania de Inversiones y Servicios Limitada (CHL) | 723.7 |
| MCB Bank Ltd (PAK) | Malayan Banking Bhd (MYS) | 679.8 |
Top Industries: Global M&A
Announced in the last 13 weeks (9 Feb to 9 May 2008)
| Industry | Deals | Value $M |
|---|---|---|
| Financials | 2,384 | 112,219.9 |
| Industrials | 2,456 | 78,650.0 |
| Basic Materials | 1,207 | 69,132.4 |
| Non-Cyclical Consumer Goods / Services | 1,154 | 46,288.6 |
| Cyclical Consumer Goods / Services | 1,820 | 40,037.6 |
| Energy | 500 | 36,861.1 |
| Healthcare | 491 | 36,273.3 |
| Telecommunications Services | 237 | 31,726.6 |
| Technology | 1,108 | 27,116.8 |
| Utilities | 374 | 22,815.5 |
Execs defend humans in high-tech markets
NEW YORK (Reuters) - The heads of the world's biggest stock exchanges agree there is still room for the "human element" in a high-speed trading environment that has aggressively gone electronic. Full Article
