Deals
Analysis (1/5)
Risk aversion returns to credit markets
U.S. credit markets are becoming more risk averse again as the anniversary of the start of the global credit crunch nears. Full Article
Google likely to stay put on AOL
Google, which has a 5 percent stake in Time Warner's AOL, now has the right to force the media conglomerate to bring its Internet division to the market. But don't hold your breath. Full Article
Hedge fund investors want out sooner, not later
Worried about hedge funds' low returns and high fees, more well-heeled investors are now talking about getting out of these loosely regulated portfolios than getting into them. Full Article
Lloyds rides in as German bank deal dark horse
Eric Daniels is ready to launch phase three of a recovery plan he started five years when he took over as CEO of Lloyds TSB, and the final phase looks set to include an acquisition or two. Full Article
Qatar bourse deal pressures Gulf rivals
Qatar's transfer of control of its stock exchange to NYSE Euronext is part of a modernization drive that will jolt rivals in the booming Gulf Arab region to follow suit. Full Article
There is good reason to be tougher with them (UBS and Credit Suisse) and single them out for special treatment because of their importance to Switzerland.
Global M&A Data
Top Global M&A Deals
Announced last week (7 Jun to 13 Jun 2008)
| Target | Acquirer | Value $M |
| Anheuser-Busch Companies Inc (USA) | InBev NV (BEL) | 46,349.9 |
| Angel Trains Ltd (GBR) | Consortium Advised by Babcock & Brown (GBR) | 7,005.1 |
| Allied Waste Industries Inc (USA) | Republic Services Inc (USA) | 6,550.3 |
| Applied Biosystems Inc (USA) | Invitrogen Corp (USA) | 6,381.7 |
| Ranbaxy Laboratories Ltd (IND) | DAIICHI SANKYO CO LTD (JPN) | 4,310.3 |
| Hunt Petroleum Corp (USA) | XTO Energy Inc (USA) | 4,191.4 |
| Eurasian Natural Resources Corporation PLC (GBR) | Kazakhmys PLC (GBR) | 2,579.9 |
| Hilb Rogal & Hobbs Co (USA) | Willis Group Holdings Ltd (GBR) | 2,073.9 |
| Indosat Tbk PT (IDN) | Qatar Telecom QSC (QAT) | 1,759.7 |
| Grey Wolf Inc (USA) | Precision Drilling Trust (CAN) | 1,663.2 |
Top Industries: Global M&A
Announced in the last 13 weeks (15 Mar to 13 Jun 2008)
| Industry | Deals | Value $M |
| Telecommunications Services | 231 | 150,635.0 |
| Financials | 2,361 | 139,535.2 |
| Non-Cyclical Consumer Goods / Services | 1,181 | 97,332.3 |
| Industrials | 2,428 | 75,950.2 |
| Energy | 500 | 69,902.8 |
| Basic Materials | 1,223 | 59,319.0 |
| Healthcare | 510 | 46,492.3 |
| Cyclical Consumer Goods / Services | 1,812 | 41,343.2 |
| Technology | 1,063 | 36,480.3 |
| Utilities | 390 | 32,497.5 |
Shrinking market sends Japan Inc buying abroad
TOKYO (Reuters) - Japanese companies are turning increasingly to overseas acquisitions to drive growth, buy technology and build market share, spurred by a stagnant domestic economy, shrinking population and largely unburdened by subprime credit damage. Full Article
