A look at some must-read news on deals and deal makers around the world
Barnes & Noble auction is a dead end
How bad is it to be a bricks and mortar bookseller in the U.S. these days? So bad that Barnes & Noble Inc. is said by Bloomberg to be close to ending its sale process with no buyers. After the first round of bidding, the strategic and private equity players who were taking a look began to back away. One issue was how long it would take Barnes & Noble to start bringing in revenue from digital sales of books.
BMO may not be done buying
Bank of Montreal is feeling good about acquisitions as its purchase of Marshall & Ilsley Corp. heads toward closing, giving it the confidence to muse about more buys. That's a new vibe coming from BMO, which was long viewed as more likely to some day be bought than ever be a big-time buyer.
Goldman's Blankfein expeced to testify
The U.S. government is expecting Lloyd Blankfein, head of Goldman Sachs Group Inc., to testify in the Galleon Group insider trading trial as a government witness.
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