Recent Business Dealings

8/8/2019 Recent Business Dealings

1/6

Rumors Swirl of a Daimler-Fiat Truck DealSeptember 23, 2010, 2:42 AM

Daimler, the German car and truck maker, said Wednesday that it was not intalks to acquire the non-car business ofFiat of Italy, responding to a report in anItalian newspaper. But analysts speculated that Daimler, based in Stuttgart,might be interested in a partnership with the Italian conglomerates Iveco truckdivision.

Sharp Buys Recurrent Energy for $305 MillionSeptember 22, 2010, 6:57 AM

Sharp, the biggest maker of solar panels in Japan, has agreed to buyRecurrentEnergyof California for as much as $305 million to expand into building powerplants as it faces more competition from Chinese panel manufacturers,Bloomberg News reported.

Goldman Said to Plan Sale of Primo Japan StakeSeptember 22, 2010, 5:51 AM

Goldman Sachs wants to sell its stake in Primo Japan, a Japanese retailer ofdiamond rings, and is seeking bids of as much as 10 billion yen ($118 million),

Reuters reported, citing four people with direct knowledge of the transaction.
http://dealbook.blogs.nytimes.com/2010/09/23/rumors-swirl-of-a-daimler-fiat-truck-deal/http://topics.nytimes.com/top/news/business/companies/fiat_spa/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/22/sharp-snaps-up-recurrent-energy-for-305-million/http://dealbook.blogs.nytimes.com/2010/09/22/goldman-said-to-put-primo-japan-on-the-block/http://topics.nytimes.com/top/news/business/companies/goldman_sachs_group_inc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/23/rumors-swirl-of-a-daimler-fiat-truck-deal/http://topics.nytimes.com/top/news/business/companies/fiat_spa/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/22/sharp-snaps-up-recurrent-energy-for-305-million/http://dealbook.blogs.nytimes.com/2010/09/22/goldman-said-to-put-primo-japan-on-the-block/http://topics.nytimes.com/top/news/business/companies/goldman_sachs_group_inc/index.html?inline=nyt-org


2/6

AMP Said to Postpone Decision on AXA BidSeptember 22, 2010, 3:01 AM

AMP, the Australian insurer, will take at least a month to decide whether torevive its bid for wealth managerAXA Asia Pacific, two sources told Reuters onWednesday, signaling more delays for the $10 billion-plus deal.

AMP, which is expected to return to the fray after rival bidderNationalAustralia Bankwithdrew its offer last week, was looking to improve its initialoffer, said the sources with direct knowledge of the situation.

A.I.G. Nears Sale of 2 Units to Prudential FinancialSeptember 21, 2010, 7:41 PM

TheAmerican International Groupis close to a deal to sell two Japanese lifeinsurance units toPrudential Financialfor at least $4 billion, people briefedon the matter told DealBook on Tuesday.

If completed, the deal for the two units, the AIG Star Life Insurance Companyand the AIG Edison Life Insurance Company, would be the latest by A.I.G. toraise money to help pay back its $130 billion taxpayer-financed bailout.

I.S.S. Backs Hertz-Dollar Thrifty MergerSeptember 21, 2010, 1:06 PM

Hertz Global Holdings gained support for its sweetened $1.45 billion takeover

proposal for Dollar Thrifty Automotive Group on Tuesday, as the big proxyadvisory firm Institutional Shareholder Services backed the merger.

Hertz and Dollar Thrifty announced last week that they had agreed upon the newcash-and-stock offer, worth about $50.72 as of midday Tuesday, to top a rivaltakeover bid for Dollar Thrifty from theAvis Budget Group.
http://dealbook.blogs.nytimes.com/2010/09/22/amp-said-to-postpone-decision-on-axa-bid/http://dealbook.blogs.nytimes.com/2010/09/21/a-i-g-nears-sale-of-2-units-to-prudential-financial/http://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/prudential_financial_inc/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/prudential_financial_inc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/21/i-s-s-backs-hertz-dollar-thrifty-merger/http://topics.nytimes.com/top/news/business/companies/hertz-global-holdings-inc/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/dollar-thrifty-automotive-group-inc/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/avis-budget-group-inc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/22/amp-said-to-postpone-decision-on-axa-bid/http://dealbook.blogs.nytimes.com/2010/09/21/a-i-g-nears-sale-of-2-units-to-prudential-financial/http://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/prudential_financial_inc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/21/i-s-s-backs-hertz-dollar-thrifty-merger/http://topics.nytimes.com/top/news/business/companies/hertz-global-holdings-inc/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/dollar-thrifty-automotive-group-inc/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/avis-budget-group-inc/index.html?inline=nyt-org


3/6

Capital IQ to Buy TheMarkets.comSeptember 21, 2010, 8:17 AM

Capital IQ, the data and analytics firm owned byStandard and Poors, saidTuesday that it would acquire the research companyTheMarkets.com for anundisclosed sum, although media reported the deal to be worth $300 million.

Indian Bid for MGM Is a Safe Move for HollywoodSeptember 21, 2010, 5:56 AM

From Reuters Breakingviews:

One of Indias top film producers, Sahara India Pariwar, is interestedin Metro-Goldwyn-Mayer, James Bonds Hollywood studio. That may soundgroundbreaking, but a purchase of MGM by the Indian conglomerate wouldprobably provoke only relief in Tinseltown because it would not upset theindustrys status quo. A more radical buyout could besomething GooglesYouTube unit might be capable of, if it dares.

Noble Group to Buy R.B.S. Sempra Electricity UnitSeptember 21, 2010, 5:14 AM

Noble Group, the Hong Kong commodities firm part owned by the Chinesegovernment, said Monday that it had agreed to buy the electricity retail businessjointly owned bySempra Energyand Royal Bank of Scotland in a dealworth $582 million, including debt.
http://dealbook.blogs.nytimes.com/2010/09/21/capital-iq-to-buy-themarkets-com/http://dealbook.blogs.nytimes.com/2010/09/21/indian-bid-for-mgm-is-a-safe-move-for-hollywood/http://topics.nytimes.com/top/news/business/companies/google_inc/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/youtube/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/youtube/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/21/noble-group-buys-r-b-s-sempra-electricity-unit/http://topics.nytimes.com/top/news/business/companies/sempra_energy/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/sempra_energy/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/sempra_energy/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/royal-bank-of-scotland-group-plc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/21/capital-iq-to-buy-themarkets-com/http://dealbook.blogs.nytimes.com/2010/09/21/indian-bid-for-mgm-is-a-safe-move-for-hollywood/http://topics.nytimes.com/top/news/business/companies/google_inc/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/youtube/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/21/noble-group-buys-r-b-s-sempra-electricity-unit/http://topics.nytimes.com/top/news/business/companies/sempra_energy/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/royal-bank-of-scotland-group-plc/index.html?inline=nyt-org


4/6

I.B.M.s Netezza Deal Highlights Hybrid StrategySeptember 21, 2010, 4:53 AM

From Steve Lohr atBits:

I.B.M.sannouncement Monday that it is buyingNetezza for $1.7 billionhighlights how much the fast-growing field of business intelligence is increasinglyboth a hardware and a software technology.

Taiwan Firm Would Bid Alone for A.I.G. Unit

September 21, 2010, 2:31 AM

Chinatrust Financial will again bid forAmerican International Group sTaiwan unit, Nan Shan Life, if the United States insurer puts it back on themarket, Chinatrusts president said Tuesday, Reuters reports.

SAIC of China Is Considering a Stake in G.M.September 21, 2010, 1:56 AM

A Chinese automaker has expressed interest in buying a stake in GeneralMotors when it holds a public stock offering later this year, a move that couldraise concerns about foreign influence over the largest American automaker.

The Shanghai-based company, the SAIC Motor Corporation, has had alongtime partnership with G.M. in China, Bill Vlasic and Keith Bradsher write inThe New York Times.
http://dealbook.blogs.nytimes.com/2010/09/21/i-b-m-s-netezza-deal-highlights-hybrid-strategy/http://bits.blogs.nytimes.com/http://topics.nytimes.com/top/news/business/companies/international_business_machines/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/20/i-b-m-to-buy-analytics-firm-for-1-7-billion/http://dealbook.blogs.nytimes.com/2010/09/20/i-b-m-to-buy-analytics-firm-for-1-7-billion/http://dealbook.blogs.nytimes.com/2010/09/21/taiwan-firm-would-bid-alone-for-a-i-g-unit/http://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/21/saic-of-china-is-considering-a-stake-in-g-m/http://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/21/i-b-m-s-netezza-deal-highlights-hybrid-strategy/http://bits.blogs.nytimes.com/http://topics.nytimes.com/top/news/business/companies/international_business_machines/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/20/i-b-m-to-buy-analytics-firm-for-1-7-billion/http://dealbook.blogs.nytimes.com/2010/09/21/taiwan-firm-would-bid-alone-for-a-i-g-unit/http://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/21/saic-of-china-is-considering-a-stake-in-g-m/http://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html?inline=nyt-org


5/6

Safran to Buy Biometric Firm L-1, With BAEs HelpSeptember 20, 2010, 7:11 AM11:14 a.m. | Updated Safran, the French aerospace and defense systemscompany, said Monday that it would buy most ofL-1 Identity Solutions, aUnited States company that specializes in biometrics, for $1.1 billion in the latest

sign of consolidation in the sector.

Citi to Sell Its Student Loan UnitSeptember 17, 2010, 7:25 AM

8:45 a.m. | Updated Citigroupsaid Fridaythat it will sell its big student loanbusiness to Sallie Maeand Discover Financial Services for $600 million.

Sallie Mae will buy $28 billion of the Citi units in federal student loans, whileDiscover will take over the remaining private student loan business, including $4billion in private student loans. Citi will buy back $8.7 billion in federal andprivate student loans, and the Department of Education will buy $4.7 billion infederal loans.

Johnson & Johnson Mulling $2.3 Billion Crucell BidSeptember 17, 2010, 5:54 AM

Johnson & Johnson, the American health products company, said Friday thatit was in advanced talks to bid for the 82 percent ofCrucell, a Dutchbiopharmaceutical firm, that it does not already own, in what would be a 1.75billion euro ($2.3 billion) deal.
http://dealbook.blogs.nytimes.com/2010/09/20/safran-to-buy-biometric-firm-l-1-with-baes-help/http://topics.nytimes.com/top/news/business/companies/l-1-identity-solutions-inc/index.html?inline=nyt-orghttp://topics.nytimes.com/top/news/business/companies/l-1-identity-solutions-inc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/17/citi-to-sell-student-loan-unit-to-sallie-mae/http://topics.nytimes.com/top/news/business/companies/citigroup_inc/index.html?inline=nyt-orghttp://www.businesswire.com/news/home/20100917005510/en/Citi-Subsidiary-Student-Loan-Corporation-Sells-Securitizedhttp://topics.nytimes.com/top/news/business/companies/slm_corporation/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/17/johnson-johnson-bids-2-3-billion-for-crucell/http://topics.nytimes.com/top/news/business/companies/johnson_and_johnson/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/20/safran-to-buy-biometric-firm-l-1-with-baes-help/http://topics.nytimes.com/top/news/business/companies/l-1-identity-solutions-inc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/17/citi-to-sell-student-loan-unit-to-sallie-mae/http://topics.nytimes.com/top/news/business/companies/citigroup_inc/index.html?inline=nyt-orghttp://www.businesswire.com/news/home/20100917005510/en/Citi-Subsidiary-Student-Loan-Corporation-Sells-Securitizedhttp://topics.nytimes.com/top/news/business/companies/slm_corporation/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/17/johnson-johnson-bids-2-3-billion-for-crucell/http://topics.nytimes.com/top/news/business/companies/johnson_and_johnson/index.html?inline=nyt-org


6/6

Shell Sells Norwegian Field for $225 MillionSeptember 17, 2010, 5:50 AM

Royal Dutch Shell says it has agreed to sell its stake in the Statfjord oil field inthe Norwegian North Sea and several related assets to Centrica Resources for$225 million, The Associated Press reported.

Shell said Friday its share in the mature field, 9.4 percent, produced 13,300barrels of oil a day last year. Other major ownersinclude Statoil, ExxonMobil and ConocoPhilips.

Spains A.C.S. Confirms $3.53 Billion Bid for HochtiefSeptember 17, 2010, 4:30 AM

The Spanish construction firmActividades de Construccin yServicios confirmed Thursday that it had offered 2.7 billion euros ($3.53billion) to gain full control of its German rival Hochtief, Bloomberg Newsreported.
http://dealbook.blogs.nytimes.com/2010/09/17/shell-sells-norwegian-field-for-225-million/http://topics.nytimes.com/top/news/business/companies/shell_royal_dutch_plc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/17/spains-a-c-s-confirms-3-53-billion-bid-for-hochtief/http://dealbook.blogs.nytimes.com/2010/09/17/shell-sells-norwegian-field-for-225-million/http://topics.nytimes.com/top/news/business/companies/shell_royal_dutch_plc/index.html?inline=nyt-orghttp://dealbook.blogs.nytimes.com/2010/09/17/spains-a-c-s-confirms-3-53-billion-bid-for-hochtief/

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