Reuters: Deals

China regulators face off on GM Hummer deal

Tue, 14 Jul 2009 02:52:18 -0400

HONG KONG/DETROIT (Reuters) - As a decision looms over GM's controversial plan to sell its Hummer unit to a little-known Chinese firm, the two Chinese regulators in charge of approving the deal seem to be on opposite sides of the road.

Blank-check firm says in record U.S. bank purchase

Tue, 14 Jul 2009 07:55:03 -0400

NEW YORK (Reuters) - A so-called "blank-check" company said it has acquired two Nevada community banks in what it called the largest such recapitalization of a banking company in U.S. history.

AUA warns needs $1.4 billion if Lufthansa deal fails

Tue, 14 Jul 2009 10:22:18 -0400

VIENNA (Reuters) - Austrian Airlines would need fresh capital of more than 1 billion euros ($1.4 billion) if a planned takeover by German airline Lufthansa failed, Austrian Airlines' Chairman said on Tuesday.

Fiat expresses interest in car designer Bertone

Tue, 14 Jul 2009 10:53:22 -0400

MILAN (Reuters) - Fiat has expressed interest in iconic car designer Bertone, which is in special administration, the Italian car maker said on Tuesday. Bertone's car design arm was put in special administration -- which protects a company from creditors rather like U.S. Chapter 11 proceedings -- in 2008. Italian media has reported several offers for the company in recent weeks.

BA's Walsh wants at least 53 percent of BA/Iberia group

Tue, 14 Jul 2009 09:55:21 -0400

LONDON (Reuters) - British Airways Chief Executive Willie Walsh has reiterated that he is not prepared to accept a less than 53 percent split of a proposed combination of BA and Iberia .

RBS to merge Asia-Pacific investment bank units

Tue, 14 Jul 2009 04:51:20 -0400

HONG KONG (Reuters) - Royal Bank of Scotland on Tuesday said it will merge its various Asia-Pacific investment banking teams into one group.

Samsung-Bosch battery venture buys U.S. Cobasys

Tue, 14 Jul 2009 04:37:55 -0400

SEOUL (Reuters) - SB LiMotive, an electric vehicle battery joint venture between South Korea's Samsung SDI and Germany's Robert Bosch, is acquiring U.S. battery maker Cobasys, Samsung SDI said on Tuesday.

Software AG to buy IDS Scheer

Tue, 14 Jul 2009 03:02:23 -0400

FRANKFURT (Reuters) - Germany's Software AG said it will buy IT consultancy group IDS Scheer for almost 500 million euros ($696 million) in what will be the first major corporate takeover in Germany this year.

Belgium's RHJ in advanced talks to buy Opel

Mon, 13 Jul 2009 20:14:08 -0400

BRUSSELS (Reuters) - Belgian holding company RHJ International SA said on Monday it was in advanced talks to buy a majority stake in General Motors Corp's European unit Opel.

TomTom gets 96 percent take-up for rights issue

Tue, 14 Jul 2009 07:27:30 -0400

AMSTERDAM, July 14 - Dutch navigation device maker TomTom attracted a 96 percent take-up for its 5-for-8 rights offer at 4.21 euros per share and said it placed a rump offering at 5.70 euros per share.