Capital Markets

Capital Markets News

• Kasowitz Benson, Eversheds, Latham, Davis:Business of Law

  Kasowitz, Benson, Torres & Friedman LLP hired insurance recovery litigators Jerold Oshinsky and Linda Kornfeld from Jenner & Block LLP as partners to open the firm’s Los Angeles office.

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  Bank Mergers in U.S. Seen Less Likely With Sellers Holding Out

  Updated 22 minutes ago

  Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG LLP survey.

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  U.S. Stocks Fluctuate as Investors Weigh Stimulus Timing

  U.S. stocks declined, after the Standard & Poor’s 500 Index climbed four straight weeks, as investors weighed the pace of central bank stimulus efforts amid corporate dealmaking.

• Websense Agrees to Private-Equity Buyout for $906 Million

  Updated 1 hour, 57 minutes ago

  Websense Inc., a website-filtering company that is shifting into Internet security, will be acquired by private-equity firm Vista Equity Partners for about $906 million.

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  S&P 500 Slips From Record as Yen Rebounds; Gold Advances

  The Standard & Poor’s 500 Index retreated from a record amid concern the Federal Reserve will scale back its stimulus efforts. Gold and silver advanced as Moody’s Investors Service warned the U.S. rating may be cut. The yen rebounded from the weakest level since 2008.

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  Actavis to Buy Warner Chilcott in Women’s Health Effort

  Actavis Inc., the largest U.S. maker of generic drugs by market value, agreed to acquire Warner Chilcott Plc for about $5 billion excluding net debt in a deal to expand in women’s health and urology.

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  Freeport Wins Plains Approval for $6.63 Billion Takeover

  Updated 2 hours, 22 minutes ago

  Freeport-McMoRan Copper & Gold Inc. won approval from shareholders of Plains Exploration & Production Co. for a $6.63 billion takeover after sweetening the bid for the largest U.S. oil and natural gas purchase announced in the past year.

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  Plains and Freeport Offer Dividends as Takeover Sweetener

  Freeport-McMoRan Copper & Gold Inc. sweetened its bid for Plains Exploration & Production Co. to win shareholder support for the takeover, offering special cash dividends to raise the value of the deal to $6.6 billion.

• Willis Hires BCG’s Guo in Asia Investment-Banking Push

  Willis Group Holdings Plc, the third- largest insurance broker, hired Michael Guo as head of Asia in the capital-markets operation as the company seeks more investment-banking business.

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  Gross to Buffett Omens Disregarded as Sales Soar: Credit Markets

  Sales of corporate bonds in the U.S. are surging toward the busiest May ever as borrowers race to the market before demand dries up with Bill Gross and Warren Buffett cautioning against buying debt at all-time low yields.

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