Bids, mergers, acquisitions and disposals were reported on Thursday The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:- Ferrovial is to buy British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.
Investment banks
Absa Group Supports Barclays Plan for Africa
Barclays increases stake in Absa. Absa Group's minority shareholders openly supported a plan to purchase the African operations of Barclays Plc. The purchase would amount to US$2.
Co-Head Jim Woolery Leaves JPMorgan for Cadwalader
Jim Woolery steps down at JPMorgan to start as chairman for law firm Cadwalader, Wickersham & Taft. (Corrects title of new deputy chairman and Chris Ventresca remaining at JP Morgan in second paragraph) Jim Woolery, co-head of North American mergers and acquisitions business at JP Morgan, is leaving the company to work for law firm Cadwalader, Wickersham & Taft, the investment bank's spokeswoman said.
UPDATE: Other Firms Ante Up on HP
HP's growth recognized by investment brokers. Following the raising of HP's prices by JP Morgan Securities and UBS, other brokers are following suit in recomputing the value of the tech company's stock.
Living Social Forced on Concessions
LivingSocial was coerced to swallow a bitter pill for more capital infusion. LivingSocial was forced to accept large concessions in order to convince its biggest investors to infuse another US$110 million for the second largest daily deal firm.
Latest News
Private equity company decides sale of its sports and modeling talent agency IMG and is looking for an investment bank to lead the auction.
