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Wednesday, March 21, 2012

Deals Today

Reuters » Deals Today
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03/21/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
JPMorgan to buy stake in Chinese trust firm: reports
(Reuters) - U.S. bank JPMorgan has agreed to buy a 19.9 percent stake in Chinese trust company Bridge Trust Co, according to media reports.
Morgan Stanley private equity buys $300 million stake in Tianhe Chem
HONG KONG (Reuters) - Morgan Stanley's Asia private equity arm has invested $300 million in China's Tianhe Chemicals Group, the two companies said on Wednesday, a deal that will help the company expand into U.S. and European markets.
Formula One considering IPO: source
(Reuters) - Formula One (F1), the top global motor racing series, is considering options for a stock market listing, a source told Reuters, as media reports put Singapore on the map as its preferred location for the float.
Jaguar Land Rover seals JV with China's Chery
MUMBAI (Reuters) - Jaguar Land Rover (JLR) has finalized a joint venture agreement with Chery Automobile Co to manufacture and sell vehicles in China, the two companies said, as the luxury British brands look for further growth in the world's largest car market.
Miranda Tech to continue talks with strategic partners
(Reuters) - Miranda Technologies Inc said it will continue to talk to potential strategic partners, after several expressions of interests failed to lead to a transaction in the last 12 months.
India's Tech Mahindra to absorb remains of scandal-hit Satyam
BANGALORE/MUMBAI (Reuters) - India's Tech Mahindra will buy the remaining stake in Mahindra Satyam in a stock deal valued at about $1 billion, becoming India's fifth-largest software exporter by revenue and bulking it up to compete with bigger outsourcers.
Saratoga, others sell 6.9 percent stake in Tower Bersama
JAKARTA (Reuters) - Indonesia-focused private equity firm Saratoga Capital and two other investors have launched a sale of their 315 million shares in telecom tower firm PT Tower Bersama Infrastructure to raise up to 913.5 billion rupiah ($100 million), sources said on Wednesday.
Hartford bows under pressure, to exit annuity business
(Reuters) - The Hartford Financial Services Group yielded to demands from its biggest shareholder -- famed hedge fund manager John Paulson -- and has agreed to exit its annuity business.
Canada's Viterra puts Glencore in grain's top tier
LONDON/WINNIPEG, Manitoba (Reuters) - Glencore , already the world's No. 1 diversified commodities trader, has agreed to buy Canada's largest grain handler in a C$6.1 billion ($6.2 billion) deal that will shake up an industry that has thrived on surging global demand for food and fuel.
Hercules Offshore buys rig from Diamond for $40 million
(Reuters) - Hercules Offshore Inc said it will buy a rig from a unit of Diamond Offshore Drilling Inc for $40 million in cash to execute a three-year drilling contract with world's largest oil producer Saudi Aramco.
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