Alcan , the Canadian aluminum producer, said it would sell its plastic bottle operations in North America to Ball Corp. for $180 million. Alcan said the the deal was part of its “continued strategy of focusing resources on markets where we enjoy scale and leadership positions.” Ball is already a major supplier of plastic bottles, […] Read more..

By DEALBOOK - The New York Times

General Electric Co. has filed with regulators to sell its 18 percent stake of onetime subsidiary Genworth Financial in a secondary offering, and it should get a much higher price this time around. When the insurance provider first went public in May 2004, Genworth fetched $19.50 a share. Since then, the stock has climbed more […] Read more..

By DEALBOOK - The New York Times

Suez SA and Gaz de France SA plan to merge in a one-for-one stock swap to create the world’s second-largest power and gas company, and fend off a hostile bid for Suez from Italy’s Enel SpA. Shares of Suez fell as much as 7 percent today. Its shares are down 4.4 percent, or 1.49 euros, […] Read more..

By WRITER - The New York Times

KT&G Corp. rejected a bid from U.S. investors Carl Icahn and Warren Lichtenstein that valued the tobacco maker at $10 billion, raising the prospect of the nation’s biggest hostile takeover battle. The last unwelcome bid by a foreign investor in South Korea, Asia’s third-largest economy, failed in 1997. Go to Article from Bloomberg News » […] Read more..

By WRITER - The New York Times

Rosneft President Sergei Bogdanchikov is courting investors to build the Russian state oil company’s $20 billion initial public stock offering into the main event on the world’s emerging markets this year. Go to Article from Reuters » Read more..

By WRITER - The New York Times

Texas Pacific Group, one of the world’s biggest private equity groups, plans a push into Asia amid signs that Newbridge Capital, its Asian affiliate, is too small to compete with global rivals for increasingly large deals. TPG wanted to deploy significantly more capital in Asia by using its new $10 billion to $12 billion buyout […] Read more..

By WRITER - The New York Times