Mergers & Acquisitions

REFILE-Petronas bid not of net benefit - Canada minister

OTTAWA, Oct 22 - The Canadian government is not satisfied that the proposed $5.2 billion purchase of Canada's Progress Energy Resources Corp by Malaysia's Petronas is of net benefit to Canada, Industry Minister Christian Paradis said on Monday.

UPDATE 3-Ally near deal to sell Canadian operations to RBC

* Deal could bring in at least $4 billion for Ally - source

UPDATE 1-Icahn names former chief of Oshkosh unit to board slate

Oct 22 - Activist investor Carl Icahn named the first of a slate of directors he wants elected to the board of Oshkosh Corp, picking the former chief executive of an Oshkosh unit that Icahn would like to see spun off.

Private equity-owned company ups the ante in dispute with U.S.

NEW YORK, Oct 22 - American Petroleum Tankers LLC (APT), the shipping company that has alleged U.S. government discrimination because of its private equity ownership, said it would order two new tankers should its $340 million loan guarantee application be approved.

UPDATE 2-Toyota Industries to buy Cascade for $759 mln

* Cascade shares rise nearly 18 pct, just under offer price

UPDATE 5-Russia's Rosneft beefs up with TNK-BP purchase

* BP's Rosneft stake will rise to 19.75 percent with 2 board seats

Canada PM says policy framework for takeovers coming soon

OTTAWA, Oct 22 - Canadian Prime Minister Stephen Harper, pressed over the shock decision to block a bid by Malaysia's Petronas for Progress Energy, on Monday said his government would unveil a set of guidelines for foreign investments.

Stocks, Markets, Financials 12:07pm EDT

RPT-Ally near deal to sell Canadian operations to RBC-report

Oct 22 - Ally Financial Inc, the U.S. auto lender 74 percent owned by the U.S. Treasury, is near a deal to sell its Canadian operations to Royal Bank of Canada for more than $4 billion, CNBC reported on Monday.

Ally near deal to sell Canadian operations to RBC-report

Oct 22 - Ally Financial Inc, the U.S. auto lender 74 percent owned by the U.S. Treasury, is near a deal to sell its Canadian operations to Royal Bank of Canada for more than $4 billion, CNBC reported on Monday.

Commerzbank puts custodian business on the block - sources

FRANKFURT, Oct 22 - Germany's second biggest lender Commerzbank has mandated UBS to help it sell its custodian business, two people familiar with the transaction told Reuters.

Deals

M&A; ($B)

 
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Global M&A; Industires ($B)