Deals

News Corp close to selling Myspace: source

NEW YORK (Reuters) - News Corp is expected to sell the troubled social media site Myspace in the next two days, according to a source familiar with the situation.

Zynga IPO could raise $2 billion, file Wed: source 5:20pm EDT

NEW YORK (Reuters) - Online social game company Zynga plans to raise $1.5 billion to $2 billion in an initial public offering and could file paperwork with U.S. regulators as soon as Wednesday, a source familiar with the situation said on Tuesday.

Carrefour tries to take Brazil retailer from Casino 5:58pm EDT

PARIS/SAO PAULO (Reuters) - France's Carrefour moved on Tuesday to snatch control of Brazil's No. 1 retailer from its archrival Casino , a deal that will expand its presence in a top emerging market but likely face stiff opposition in courts.

Southern to talk to Williams about bid 3:02pm EDT

BANGALORE (Reuters) - Pipeline operator Southern Union , the target of a $4.9 billion takeover bid from Williams Companies Inc , said it planned to discuss the proposal with Williams, but it still favored an earlier $4.1 billion bid from rival Energy Transfer Equity LP .

SEC on lookout for bubble-era IPO practices 5:11pm EDT

NEW YORK (Reuters) - Some recent red-hot initial public offerings have the Securities and Exchange Commission concerned that Wall Street's underwriters may be tempted to revive some troubling tech bubble practices.

DealTalk: Zinc miners in crosshairs as prices set to rise 3:45pm EDT

TORONTO/BANGALORE (Reuters) - Zinc producers are betting on higher prices in coming years, bringing a possible round of consolidation as miners jockey to reap the benefits.

TerreStar accepts Dish bid 12:21pm EDT

NEW YORK (Reuters) - Dish Network Corp appears set to buy the assets of bankrupt telecommunications company TerreStar Networks Inc for $1.375 billion, after no competing bids were received.

DealTalk: After L-3, activists drool over Textron 3:27pm EDT

NEW YORK (Reuters) - Cessna aircraft maker Textron Inc could be a prime target for activist investors scouring the aerospace and defense industry for breakup targets as activists move up the food chain.

Advisory firms may give LSE an edge bid for TMX 4:18pm EDT

TORONTO (Reuters) - Endorsements from two leading proxy advisory firms could turn out to be the London Stock Exchange's secret weapon as it bids for the widely held TMX Group , operator of the Toronto Stock Exchange.

McCormick to buy Polish spice maker for $291 million 12:47pm EDT

(Reuters) - McCormick & Co said it would buy privately held Polish peer Kamis for about $291 million (830 million Polish zloty) to expand in the European market, lifting the U.S. spice maker's shares to a life-time high.

File photo of a handshake in central London May 1, 2008. REUTERS/Dylan Martinez

Global M&A pace set to slow

Mergers and acquisitions declined in Q2, the first sequential quarterly fall in more than a year, casting gloom on hopes of a reviving world economy that will prompt executives to put their cash-rich balance sheets to work.   Full Article | Related Story 

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