M&A DEALS

BJ's may put itself up for sale

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BJ's Wholesale Club Inc said it may put itself up for sale, under pressure from a private equity firm that may make a hostile bid.

News Corp. set to sell MySpace

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Despite having recorded a two-fold jump in the second quarter earnings from a year ago, News Corp. seems to be in no mood to carry on the load of MySpace and is set to sell the social networking site.
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Ssangyong Motor

M&M in final stages of Ssangyong buy

Mahindra & Mahindra inched closer to establish its presence in southeast Asia, with an executive saying the company will make full payment by Feb. 7 for South Korea's Ssangyong Motor buy.

Exclusive: U.S. asks about search fairness in Google/ITA

The U.S. Justice Department's review of Google Inc's planned acquisition of airline ticketing software company ITA Software is focusing on making sure ITA's products remain available, even to Google's rivals, according to a source close to the deal.
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Sara Lee to split in two after bids don't entice

Sara Lee Corp plans to split into two separate public companies focusing on North American meats and international coffee after takeover bids it received were not enough to entice it to sell the company.

Borders gets conditional lifeline; shares soar

Borders Group Inc received a financing commitment from GE Capital, providing a potential lifeline to the troubled bookseller, but said it would also explore options, including an in-court restructuring.

Intel seen winning EU okay for McAfee deal: sources

Intel is expected to win EU approval next week for its $7.68 billion purchase of security specialist McAfee Inc after offering more concessions to ease competition concerns, two sources with direct knowledge of the matter said on Thursday.

Tata Steel raises 5.08 bln rupees from anchor investors

Tata Steel has raised 5.08 billion rupees ($111.8 million) from anchor investors at the upper end of an indicated price range ahead of a public share offering, reflecting investor optimism in the company's prospects in India's fast-expanding economy.

India's Gujarat beckons investments worth $462 bln

As many as 7,936 memorandums of understanding (MoUs) were inked at the fifth edition of the two-day Vibrant Gujarat Summit 2011 in the western Indian city of Gandhinagar envisaging a whopping investment of $462 billion for Gujarat and expecting to create employment opportunities for about 5.2 million citizens.

Borders close to securing refinancing: report

Bookseller Borders Group Inc told publishers in a meeting it was close to securing refinancing from GE Capital and other lenders, the New York Times reported, citing people familiar with the matter.

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