Mergers >>>

    Netflix at 100 Times Profit Means Tough Sale for Icahn

    After failing to strike deals for companies from Lions Gate Entertainment Corp. to Mentor Graphics Corp., Carl Icahn now must convince suitors that Netflix Inc. deserves one of the highest valuations in America. The billionaire investor disclosed this week that he took a 10 percent stake in Netflix, and said Inc. and Verizon Communications Inc. could [...]

    Morgan Stanley Advises BP on Sale of Stake in TNK-BP Joint Venture to Russia’s Rosneft

    Morgan Stanley is the top financial adviser on BP Plc deals, according to data compiled by Bloomberg. The New Yorkbased bank is the energy company’s principal adviser on OAO Rosneft’s agreement to buy Russia’s TNK-BP for $54.8 billion from BP and a group of billionaires. Read more>>

    Cravath Partner Tavzel Says Telecom Infrastructure Industry Will Spur More Dealmaking

    The U.S. wireless industry is moving toward consolidation and specialization, says Erik Tavzel, a partner at Cravath, Swaine & Moore LLP. Tavzel represented Crown Castle International Corp. on its $2.4 billion agreement to buy the rights to operate cellular towers from Deutsche Telekom AG’s T-Mobile USA. He also advised on the $1 billion takeover of NextG Networks Inc. completed in April. Tavzel spoke [...]

    Scripps Networks Seen Luring Walt Disney

    Scripps Networks Interactive Inc., the television home of Paula Deen’s mashed potatoes, is poised to lure bids even with the stock at a record high now that the controlling family trust has disbanded. The owner of the Travel Channel, HGTV and most of the Food Network has the secondfastest projected sales growth through 2015 among 13 U.S. [...]

    H&R Block Seen Inviting Buyout in Bank Removal

    Removing the bank embedded in H&R Block Inc. would turn the biggest U.S. tax preparer into a potential takeover target. H&R Block said last week that it hired Goldman Sachs Group Inc. to evaluate options for its six-year-old banking unit amid new Federal Reserve rules requiring savings and loans to hoard more capital. Jettisoning the bank would [...]

    Japanese Acquisitions of Foreign Companies Near Record

    Seven West Seen Tempting Buyout on Ad Rebound

    No television broadcaster in the developed Asia-Pacific region is tempting its owners with a cheaper buyout opportunity than Seven West Media Ltd. Seven West, which beams the TV drama “Downton Abbey” to Australian homes, operates a web portal with Yahoo! Inc. and publishes Men’s Health magazine locally, has fallen 58 percent this year as investors worried about [...]

    Iron Ore Bear Market Induces Low Arrium Bid

    Traders have become so bearish on the iron ore market that the industry’s most insulting takeover bid ever is seen as the best that Arrium Ltd. can get. The Sydney-based company, which makes steel and mines iron ore, this week said it rejected a takeover offer of A$3.2 billion ($3.3 billion), including its net debt, from a [...]

    Shale Deals Loom as Australians Discounted

    Australian companies exploring for oil and natural gas that’s trapped in shale rock in the U.S. and Canada are valued at a median of 11 times their reserves, a 23 percent discount to their counterparts that are listed on stock exchanges in North America, according to data compiled by Bloomberg. The valuation gap – driven by Australian investors [...]

    Housing for Elderly Targeted After Record Premium

    The takeover of Sunrise Senior Living Inc. at the biggest premium ever paid for an operator of homes for the elderly is turning companies from Brookdale Senior Living Inc. to Emeritus Corp. into the next targets. Brookdale, the industry’s largest company with a market value of $2.7 billion, has the group’s lowest valuation relative to cash flow, and [...]

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