Insurer Aetna to buy Coventry Health for $5.7 Billion:WSJ
Aetna has signed a deal to buy rival Coventry Health Care for $5.7 billion.
Siemens Buys Back 2.4 Million Shares
Industrial conglomerate Siemens AG (SI) said Monday it purchased around 2.44 million shares between Aug. 11 and Aug. 17 as part of a buyback program.
Calpers Launches IPO Boycott Plan
One of the world's largest investors is threatening to boycott any stock market listing that allows minority shareholders to control a majority of the votes through multi-tier share structures and will oppose those that already exist.
KBC Sets Pricing on EUR500 Million 4-Year Bond at Swaps +2.30 Area
KBC Ifima NV, guaranteed by Belgium's KBC Bank NV has set pricing on its 500 million euro ($616.62 million), no-grow, four-year, senior unsecured bond in the area of 230 basis points over midswaps, one of the banks running the deal said Monday.
SpareBank Sets Pricing on EUR1 Billion 5.5Y Bond at Swaps +0.20 Area
Norway-based SpareBank 1 Boligkreditt AS (NONG.OS) has set pricing on its 1 billion euro ($1.2 billion), 5 and a half year covered bond, in the area of 20 basis points over midswaps, one of the banks running the deal said Monday.
UK Gross Mortgage Lending Remains Unsettled
U.K. gross mortgage lending increased in July from June, continuing the unsettled pattern of monthly rises and falls as one-off effects alter the market on a monthly basis, figures from the Council of Mortgage Lenders showed Monday.
Orkla Buys Rieber & Son in Deal Valued at NOK6.1 Billion
Norwegian consumer goods and industrial conglomerate Orkla ASA (ORK.OS ) said Monday it has signed an agreement with the Rieber family to buy their shares in Norwegian food company Rieber & Son ASA (RIE.OS), in a deal that values the company at 6.1 billion Norwegian kroner ($1.03 billion).
Spain, Italy Narrow Yield Spreads Versus Germany
The extra yield demanded by investors to hold Spanish and Italian government debt over safe-haven German paper fell Monday, after a weekend news report in Germany's Der Spiegel magazine said the European Central Bank was weighing a plan that would cap yields on government bonds at a certain level
CME Group Unveils Plans For London Exchange
CME Group Inc (CME), the world's largest exchange by market capitalization, Monday said it's planning to launch a London-based derivatives exchange, in a move that will see it compete with rivals run by NYSE Euronext (NYX) and Deutsche Boerse AG (DB1.XE).
Li Ka-Shing-Linked Westports Malaysia Mulls US$1 Billion Malaysia IPO -Sources
Westports Malaysia Sdn. Bhd., which is owned by entities linked to Hong Kong tycoon Li Ka-Shing, is looking to raise about US$1 billion through an initial public offer in Malaysia, three people familiar with the deal said Monday, making the Southeast Asian nation one of the region's hottest markets