Deals

Manchester United to get $559 million in GM shirt sponsor deal

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CHICAGO - Manchester United Ltd.'s deal with General Motors Co. to sponsor the hugely popular soccer club's shirts will bring in $559 million over the agreement's seven-year term, the club said in a regulatory filing Friday.

CNOOC-Nexen deal seen helping China's South China Sea thrust 03 Aug 2012

WASHINGTON - The $15 billion bid by China National Offshore Oil Corp (CNOOC) to buy Canada's Nexen, Inc will help the Chinese state giant gain the expertise to drill in deep, disputed waters of the South China Sea without relying on risk-averse foreign firms.

GM may write down Peugeot stake if Europe worsens: filing 03 Aug 2012

DETROIT - General Motors Co said it may have to write down the value of its 7 percent stake in French automaker Peugeot SA owing to the deepening fiscal crisis in Europe that has hurt vehicle sales in the region and stock prices.

K-V Pharmaceutical files for bankruptcy protection 04 Aug 2012

CHICAGO - K-V Pharmaceutical, a Bridgeton-Missouri based company focused on women's healthcare products, filed for bankruptcy protection on Saturday, blaming federal actions that kept it from getting "full value" of a drug aimed at preventing premature births.

National Bedding nears $3 billion buyout : WSJ 03 Aug 2012

- Serta mattress maker National Bedding Co is likely to be bought by private-equity firm Advent International for about $3 billion, the Wall Street Journal reported quoting people familiar with the matter.

Endgame looms for Sinopec, ENN's $2.2 billion China Gas bid 03 Aug 2012

HONG KONG - Sinopec Corp and ENN Energy Holdings are finding the odds increasingly stacked against them in their $2.2 billion bid for China Gas Holdings as regulatory hurdles remain uncrossed and key shareholders of the target company place new obstacles in their way.

Heineken's Tiger beer deal strengthens Asia position 03 Aug 2012

SINGAPORE/LONDON - Heineken will boost its Asian growth with control of the group which brews Tiger beer after Singapore's Fraser and Neave (F&N;) agreed to sell its stake in the firm for S$5.1 billion ($4.1 billion).

Interpublic boosted by report Publicis weighing bid 03 Aug 2012

PARIS - French advertising agency Publicis Groupe is weighing a bid for U.S. rival Interpublic Group , said a report by FT Alphaville on Friday, sending Interpublic's stock sharply higher.

Senators urge FTC to tread carefully on Universal-EMI deal 03 Aug 2012

WASHINGTON - The Democratic chairman and the ranking Republican on the U.S. Senate's antitrust panel urged the Federal Trade Commission on Friday to carefully scrutinize Universal Music Group's proposed acquisition of a big chunk of rival EMI.

HSBC to sell ship consultancy arm to management team 02 Aug 2012

LONDON - HSBC Bank said on Thursday it had reached a deal to sell HSBC Shipping Services Ltd to the ship broking and consultancy unit's management team.

Deals

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