Mergers & Acquisitions
Equinox Minerals: Barrick Gold bid $7.65 billion for copper miner Equinox Minerals, besting a hostile bid by a Chinese miner in the latest salvo in a battle for mineral assets. [WSJ]
NYSE-Nasdaq: Sen. Charles Schumer has waded into the stock-exchange takeover wars, demanding Nasdaq and IntercontinentalExchange provide details of potential job losses should they succeed in their joint bid to buy NYSE. [WSJ]
Related: When it comes to antitrust scrutiny, it pays not to underestimate the European Commission. Ask Microsoft, which has faced multiple competition probes. Or investors in Honeywell International, whose sale to General Electric was given the green light in the US, only to be blocked by Brussels in 2001. [WSJ] Related: NYSE is set to increase by up to a third its forecast for cost savings from a deal with Deutsche Börse, as the US exchange operator raises the stakes in efforts to counter an $11.3bn bid from Nasdaq and ICE. [FT.com]
Deals of the Day: Barrick Gold Bids $7.65 Billion for Equinox Minerals
via blogs.wsj.com
