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    Ralcorp Didn’t Seek Other Bidders Before ConAgra Deal

    Ralcorp Holdings Inc., the maker of store-brand foods that agreed to a $6.7 billion acquisition by ConAgra Foods Inc. last month, didn’t contact any other potential buyers because it had received no other overtures in the year and a half since ConAgra’s interest became public, according to a Dec. 12 preliminary proxy filing. To continue reading click here.

    Deutsche Interbank Rate Rises in Q4

    Bearish Sentiment on Nickel Falls From February

    Investors Turn to Older Fixed-to-Floating Notes

    Investors are turning to secondary markets to buy notes that pay fixed interest rates before switching over to a floating benchmark, as securities issued more than a year ago offer better terms than new issuance. First-time sales in the U.S. of fixedto-floating rate securities were $29.1 million in November, according to data compiled by Bloomberg. That’s less [...]

    Fed Adopts ‘Evans Rule’ Linking Stimulus to Jobs, Inflation

    The Federal Reserve’s decision to link the outlook for interest rates to unemployment and inflation targets for the first time means that its balance sheet may expand by about 75 percent to $5 trillion in the next few years. Click here to continue reading.

    Guam, Virgin Islands Favored Over Puerto Rico

    Municipal investors looking for a getaway from the lowest yields in a generation are favoring Guam and the U.S. Virgin Islands over Puerto Rico as their destination of choice. Issuers from Guam, the U.S. island about 4,000 miles west of Hawaii, have gained 11 percent this year, more than any state or territory, Barclays Plc data show. The Virgin Islands have earned 10 percent. [...]

    Economics Europe: EU Summit, Fed Policy, SNB Rate, Berlusconi

    WHAT TO WATCH: European finance ministers meet to approve bailout payment to Greece. 9 a.m. The ministers early today moved closer to an agreement on a single euro-area bank supervisor. EU leaders start their two-day summit. The Federal Reserve tied its interest-rate outlook to unemployment and inflation and committed to an even faster expansion of its balance sheet. (See page 2.) [...]

    Lake Capital to Return to Deal-by-Deal Model

    By Sabrina Willmer Lake Capital Partners is returning to its roots, moving to a deal-by-deal model after deciding against raising a third buyout fund, according to three people familiar with the situation. The Chicago-based firm is close to doing its first transaction under the new model, said one of the people. To continue reading click here

    Arcapita Has Interim Approval for Fortress Financing

    Arcapita Bank BSC, a Bahrainian investment bank reorganizing in New York, received interim approval from the bankruptcy court on Dec. 7 to borrow $25 million from a $150 million loan provided by Fortress Credit Corp. There will be a final hearing on Dec. 18 for approval of the remainder of the loan. The loan will comply with Islamic [...]

    Fiscal Cliff & Debt Primer

    View our exclusive supplement here. Please note this was published exclusively to paid subscribers of Bloomberg’s Economics Brief last week and is one example of the cutting edge analysis provided by our dedicated group of economists.

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