June 26 The following corporate finance-related
stories were reported by media:
* At least two other companies are considering making a bid
for Australian compliance company SAI Global Ltd after
buyout firm Pacific Equity Partners (PEP) launched a A$1.1
billion ($1.03 billion) indicative offer, a source working on
the sale told Reuters.
* Vodafone is set to gain unconditional EU approval
for its 7.2-billion-euro ($9.79 billion) bid for Spain's largest
cable operator Ono as regulators do not have competition
concerns, three people familiar with the matter said on
* Hedge fund Paulson & Co has amassed a large stake in
Allergan Inc of more than 6 million shares and supports
a deal between the Botox maker and Valeant Pharmaceuticals Inc
, people familiar with the matter said on Wednesday.
* U.S. fast-food chain Del Taco, which specializes in
Mexican cuisine as well as American favorites like burgers and
fries, is in the early stages of exploring a sale that could
fetch more than $500 million, people familiar with the matter
said on Wednesday.
* Private equity investor Lone Star has asked banks to pitch
for roles in a planned stock market listing of its German
commercial real estate group TLG Immobilien, three people
familiar with the situation said.
* BNP Paribas is likely to be suspended from
converting foreign currencies to dollars on behalf of clients in
some businesses for as long as a year, according to sources
familiar with the matter, an untested and severe penalty for the
French bank accused of persistently violating U.S. sanctions
* The New York Attorney General is set to file a securities
fraud lawsuit against Barclays PLC for misrepresenting
the safety of its U.S.-based alternative trading system, or
"dark pool," to investors, according to a source.
* Bwin.Party Digital Entertainment Plc, a pioneer
of online gambling, is considering selling some or all of the
company as part of a strategic review, two people with knowledge
of the matter told Bloomberg. (bloom.bg/TyOVa0)
* Japanese e-commerce firm Rakuten Inc is preparing
to enter the low-cost carrier business in Japan as early as July
with Malaysia's AirAsia Bhd, Toyo Keizai reported in
its online edition.
* International Business Machines Corp's proposed
$2.3 billion sale of its low-end server business to China's
Lenovo Group is in limbo as the U.S. government
investigates national security issues, The Wall Street Journal
reported, citing people familiar with the matter.
* Goldman Sachs Group Inc is combining its consumer
retail and health care investment banking groups, the New York
Times reported, citing an internal memorandum sent on Wednesday.
For the deals of the day click on
For the Morning News Call-EMEA newsletter click on
(Compiled by Esha Vaish in Bangalore)