DealZone
Behind the deals and deal-makers
Deals wrap: Power merger
Northeast Utilities will buy peer NSTAR in a $4.17 billion all-stock deal to create one of the largest U.S. utilities. *View article
BHP Billiton and Rio Tinto scrapped a plan for a $116 billion iron ore joint venture. The announcement was widely expected and could result in both miners stepping up competing expansions. *View article *View reaction
“The strong interest from traditional funds and high-profile Chinese investors in the sale of the unit of American International Group comes amid a flood of Asian IPOs that have cemented the region’s dominance in initial public offerings this year,” reports Denny Thomas and Kennix Chim. *View AIA article *View article on the IPO fee bonanza
Groupon’s valuation has been growing fast but don’t expect the company to have the same success as Ebay, writes TechCrunch’s Michael Arrington. *View article