Thursday Papers: Anglo American shareholders reject Xstrata merger proposal -- bid news and gossip

Thu Jul 9, 2009 7:58am BST
 
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* Xstrata's proposed £40 billion 'merger of equals' has effectively collapsed after Anglo American shareholders rejected the approach

* Segro wins approval for Brixton purchase; capital raising of £250 million to fund deal

* AIG has rekindled talks with MetLife, its US rival, over the sale of American Life Insurance, one of the jewels in its crown, in a move that could help the stricken insurer raise more than $15 billion to repay the $80 billion it currently owes US taxpayers

* Morse receives preliminary bid approaches at 25p-a-share

* Arsenal investor steps back from rights issue defiance

* Co-Op launches own-brand holidays

* Russian law enforcement officers raid Sibir Energy subsidiary

* German container shipping line Haag Lloyd seems 1.75 billion

* NRG rejects Exelon offer

* JWM Partners winds down flagship fund Relative Value Opportunities II

* M&G, Prudential's asset management arm, has raised £1 billion for a new fund that will provide loans to UK companies suffering from the collapse of bank lending.

 

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