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DealBook - 16 minutes ago
Origin Energy, fending off an $11 billion hostile bid from Britain’s BG Group, is to spin off its coalbed methane assets into a joint venture with U.S. oil major ConocoPhillips. Origin and Conoco said in statements on …
Also tagged: by industry, i p o offerings, energy utilities
DealBook - 16 minutes ago
Germany’s Media Markt, Europe’s biggest electrical goods retailer, has rejected a request from DSG International to consider a bid for its closest rival, The Financial Times reported. Britain’s DSG, which trades as …
Also tagged: mergers and acquisitions, by industry, retail leisure
DealBook - 16 minutes ago
Lonmin is considering a three-way merger with two rival platinum groups, as a way of avoiding the clutches of Anglo-Swiss mining giant Xstrata, The Telegraph reported. According to The Telegraph, secret talks started …
Also tagged: mergers and acquisitions, xstrata, by industry, basic industries
DealBook - 16 minutes ago
From Bits: On Sunday, the Association of National Advertisers, a giant trade group, said it objected to the Google-Yahoo advertising partnership.
Also tagged: technology, google, yahoo, legal
DealBook - 16 minutes ago
U.S. hedge fund Fairfield Greenwich Group has merged with Swiss private bank Banque Benedict Hentsch, bringing their combined assets under management to more than $18 billion. The deal will allow Fairfield’s clients to …
Also tagged: financial services, hedge funds, by industry
DealBook - 16 minutes ago
Nationwide, Britain’s second-largest mortgage lender, said Monday that it was taking over two smaller rivals which have been forced into loss by the credit crunch. Nationwide said it would would merge with The …
Also tagged: financial services, mergers and acquisitions, by industry
DealBook - 16 minutes ago
Italy’s Eni has inked a deal to buy Canada’s First Calgary Petroleums, in cash a offer worth 923 million Canadian dollars ($866 million). “The transaction is in line with our strategy of increasing our presence in our …
Also tagged: mergers and acquisitions, by industry, energy utilities
DealBook - 8 hours ago
Robert K. Steel is close to naming a former insurance industry executive as Wachovia’s new finance chief, The New York Times reported, citing people briefed on the situation.
Also tagged: financial services, investment banking, carlyle group, wachovia, top headline
DealBook - 10 hours ago
The Treasury Department seized control of Fannie Mae and Freddie Mac, the giant quasi-public mortgage finance companies, on Sunday and announced a four-part rescue plan that included an open-ended guarantee to provide …
Also tagged: financial services, legal, top headline
DealBook - Sep 5, 2008
Reports that the Treasury department is nearing a decision on how to shore up Fannie Mae and Freddie Mac, the faltering mortgage finance giants, had investors on edge late Friday afternoon, as they worried about the …
Also tagged: financial services, legal, top headline