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Restructurings

Senate Gives Bailout Bill Green Light

October 2, 2008 - Senate approved the bill late Wednesday, passing it along to the House, which is expected to vote on it Friday.

Plan B? Still Working On It

October 1, 2008 - The House's shocking rejection Monday of legislation designed to steady financial markets left policymakers bewildered and the fate of the bailout in doubt.

Autobytel In Play

September 29, 2008 - The automobile internet marketing company has slashed its workforce and announced a strategic review.

Bailout Plan Reached, Vote Coming Later

September 29, 2008 - If the bill is passed and signed, Treasury would immediately get $250 billion to start buying up bad mortgage-related assets.

Citi Assumes Various Wachovia Assets

September 29, 2008 - The bank, with an FDIC loss-protection agreement in hand, paid $2.16 billion to assume more than $700 billion worth of assets and liabilities.

Morgan Stanley Stake Sale to Mitsubishi

September 22, 2008 - The bank sold a 20% stake to the Japanese holding company, citing “opportunities in rapidly changing financial marketplace.”

China Unicom And China Netcom Merge

September 18, 2008 - China Unicom Ltd., one of China’s leading mobile telecommunications companies, and China Netcom Group Corp., a broadband and fixed-line telecommunications operator in China, have agreed to merge the two telecommunications companies. Once the deal is completed the new company will create the leading telecommunications service provider in China.

Lufthansa Takes Minority Stake In Brussels Airlines

September 18, 2008 - Lufthansa is planning on swallowing up Brussels Airlines in a two-step process. First, for E65 million, Lufthansa is taking a 45% stake in the company. If all goes well Lufthansa will then have the option to acquire the remaining 55% of the company in 2001, however it seems there will be little integration between the two companies

Bailout Sparks AIG Asset Sale

September 17, 2008 - The Fed came through with an $85 billion bailout for the insurance giant, which will be repaid through divestitures; analysts don’t necessarily expect a fire sale.

Invesco WL Ross Forms Chinese JV

September 16, 2008 - The ownership of the joint venture has been structured on an equal basis between Invesco WL Ross and Huaneng Capital.

Barclays To Buy Lehman I-Banking Segments

September 16, 2008 - Sources say that BarCap is buying 'the bulk' of Lehman's investment banking business.

Will Work For Commissions

September 18, 2008 - Most M&A pros are familiar with the laws of supply and demand. For job hunters, this has translated into offers for commission only or 'eat what you kill' roles.

Lehman Brothers Merchant Banking In Limbo

September 15, 2008 - LBMB is facing a new future in the wake of Lehman Brothers' Chapter 11 filing on Monday.

Fed Fights Fannie/Freddie Failure

September 8, 2008 - Treasury Dept.’s call to shift mortgage financiers to government control preserves credit in housing and triggers investment optimism.

Mervyn’s Sues its Former PE Buyers

September 5, 2008 - The bankrupt retailer assails PE firms over use of real estate assets in LBO, damages could reach $1 billion.