Big Investors Strengthen Opposition to Dell’s Sale
By MICHAEL J. DE LA MERCEDT. Rowe Price says it opposes the $24.4 billion takeover bid for Dell as it currently stands, while Southeastern Asset Management has taken additional steps to fight the management buyout.
Ryanair Indicates Regulators Will Reject Aer Lingus Deal
Ryanair, the discount European airline, said on Tuesday that it planned to appeal should regulators block its bid for Aer Lingus.
Nexen Secures U.S. Approval of Its Sale to Cnooc of China
Nexen has received the last regulatory approval needed for its $15 billion sale to a major Chinese oil company, after the Obama administration declared the deal free from national security concerns.
A New Strategy at Barclays
Barclays posts a big loss and announces a restructuring plan. | Mary Jo White says she and her husband have accumulated at least $16 million while working as law firm partners. | Relationship Science promises what is essentially a Rolodex for the 1 percent. | Obama’s State of the Union address is likely to focus on ways to support the middle class and promote economic recovery.
Britain Fines UBS Over Sales of a Money Market Fund
The Financial Services Authority, Britain’s main financial regulator, fined UBS £9.45 million on Tuesday for improperly selling an A.I.G. fund.
A Database of Names and How They Connect
Relationship Science is compiling a new computer database for the heavy hitters of business that lists a person’s associates, their political affiliations, their charity work and more.
S.E.C. Nominee Discloses Law Firm Wealth
Mary Jo White, who has been nominated to run the Securities and Exchange Commission, has also disclosed that her husband would relinquish his partnership at Cravath, Swaine & Moore, converting his interest in the firm from equity to nonequity status.
Alternatives to Dell Deal Come With Too Little Certainty
Michael S. Dell and Silver Lake Partners have made a low-ball offer for the PC maker. Yet, it’s at a respectable 25 percent premium, and the company’s shares haven’t topped the $13.65-a-share deal price in months, the authors write.
R.B.S. Executives Testify in Rate-Rigging Case
British politicians sharply questioned current and former executives of the Royal Bank of Scotland on Monday about the management failures that led to the rate-manipulation scandal.
The Temptation to Trade on Confidential Information
Two recent insider trading cases seem to indicate that the desire for quick profits is simply clouding our judgment, the author writes.
Goldman Names a New Co-Head of M.&A.
Goldman Sachs has named Gregg R. Lemkau as a new co-head of global mergers and acquisitions, according to an internal memorandum reviewed by DealBook.
British Regulators to Investigate Accounting at Autonomy
The Financial Reporting Council, Britain’s accounting watchdog, says it will investigate accounts at the British software maker Autonomy after accusations from Hewlett-Packard that Autonomy inflated its financial figures.