Articles Written by:    DANA CIMILLUCA     

Breaking News: FedEx-TNT Talks Returned to Sender

Investors betting FedEx will soon mail a takeover offer to Dutch letter- and package-delivery concern TNT may be disappointed. Rumors of a possible transatlantic purchase of TNT, which now has a market cap of about nine billion euros (or roughly $14 ...

From DANA CIMILLUCA, Wall Street Journal,  24 Jul 2008
Related Topics: TNT,  FedEx

Switzerland: The Red Hot Center of M&A

In “The Third Man,” the character Harry Lime quips: “In Switzerland they had brotherly love, five hundred years of democracy and peace, and what did they produce? The cuckoo clock!” It may be time to add one more thing to that list: M&A deals. The $43. ...

From DANA CIMILLUCA, Wall Street Journal,  22 Jul 2008
Related Topics: Novartis,  Genentech, Inc.,  Roche Holding,  Thomson Reuters,  ABB LTD

J.P. Morgan’s Conspicuous Absence From Dow Chemical Deal

J.P. Morgan Chase’s role in the legal imbroglio stemming from an aborted buyout of Dow Chemical surely cost it a bundle in legal fees. But the bill likely pales in comparison with the opportunity it just missed. J.P. Morgan wasn’t among the chosen few ...

From DANA CIMILLUCA, Wall Street Journal,  10 Jul 2008
Related Topics: J.P. Morgan Chase & Co.,  Citigroup,  Rohm & Haas,  Merrill Lynch,  Morgan Stanley

UBS’s Europe Bankers Make the Case for Unity

If UBS’s securities unit is like a problem child, there is at least one subject it is acing: European investment banking. UBS came in first in Europe in the rankings Dealogic compiles of investment banking revenuefrom advising on merger deals, as well ...

From DANA CIMILLUCA, Wall Street Journal,  3 Jul 2008
Related Topics: Merrill Lynch,  Reuters Group PLC,  Deutsche Bank

Morgan Stanley’s Stockholm Syndrome

Few headlines are less welcome to investment-banking executives than those linking an underling to an insider-trading case. It is even more unsettling when the employee in question is working for one of the firm’s prized clients. It is unclear what ...

From DANA CIMILLUCA, Wall Street Journal,  18 Jun 2008
Related Topics: Mats Odell,  Morgan Stanley,  France Telecom S.A.

InBev Could Give Lazard a Reason to Party

Lazard may soon return from its European vacation. The venerable investment bank run by Bruce Wasserstein has been having a rough go of it in Europe this year. Lazard had an unexpected writedown in its French units fixed-income portfolio in the first ...

From DANA CIMILLUCA, Wall Street Journal,  27 May 2008
Related Topics: Lazard LTD.,  Bruce Wasserstein,  InBev,  Reliance Communications

Atos and the Origin of Farce

Investors staging an activist raid on Atos Origin are hoping the campaign doesnt turn into a French farce. All eyes are turning to the French IT-services and payments-processing firms annual shareholder meeting Thursday. Why so much attention for a ...

From DANA CIMILLUCA, Wall Street Journal,  19 May 2008
Related Topics: Atos Origin

British Energy Auction Heats Up

British Energy is about to do its biggest meter reading yet. Rothschild, the French M&A firm advising on the sale of British Energy, has set a May 9 date for bidders to submit offers for the nuclear-power-plant operator, people familiar with the ...

From DANA CIMILLUCA, Wall Street Journal,  29 Apr 2008

In Rio Investment, China Finally Has a Winner

“Keep it simple, stupid” may be China’s new investing mantra. The surge today in shares of Rio Tinto means the $14.1 billion stake that state-owned Aluminum Corp. of China bought in the United Kingdom mining giant is finally in the black. In a ...

From DANA CIMILLUCA, Wall Street Journal,  16 Apr 2008
Related Topics: Rio Tinto Plc,  Alcoa, Inc.,  BHP Billiton Limited,  Morgan Stanley

Paradise Found: Activists Thrive in Europe

If Christer Gardell has his way, shareholder democracy will join cars and cellphone equipment as a major Swedish export. Gardell is the managing partner of Cevian Capital, a $5 billion investment fund in Stockholm that he describes as the largest fund ...

From DANA CIMILLUCA, Wall Street Journal,  3 Apr 2008

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