A look at some must-read news on deals and deal makers around the world
LSE caught up in unfair dismissal case
London Stock Exchange Group PLC, which is trying to combine with TMX Group Inc., has admitted it unfairly dismissed the head of a company it acquired, according to reports in the Financial Times and Reuters.
LSE bought a trading system called Turquoise last year, and dismissed its head, Eli Lederman. Since then, Mr. Lederman has been fighting back. Reuters said that the admission by LSE that it improperly let go Mr. Lederman came in the midst of a tribunal hearing on the matter.
Encana buys into LNG plant as Japan looks to increase demand
Amid projections that the problems in Japan with nuclear plants could increase demand for liquefied natural gas to drive power plants, Encana Corp. is buying a 30-per-cent stake in a group developing an LNG export hub in British Columbia.
General Mills is set to buy Yoplait stakes
General Mills has solved its Yoplait problem. General Mills is now in exclusive talks to buy a 50-per-cent stake in the business that produces Yoplait yogurt.
The stake could fetch $1.1-billion (U.S.), according to the New York Times DealBook. The deal is a must-do for General Mills because it's facing the prospect of losing the right to sell the popular brand in the U.S., which it has had for 23 years.
Where are they now: Richard Breeden edition
Richard Breeden, familiar to Canadians for his role in the Conrad Black investigation, is leaving his job as chairman of tax preparation company H&R Block to pay more attention to his hedge fund. Mr. Breeden's fund seized control of H&R Block in 2007, according to Bloomberg News. Mr. Breeden was adviser to the special committee of Hollinger International Inc. when the company was looking into Mr. Black's behaviour while at the top of the company. As he stepped down at H&R Block, Mr. Breeden declared "mission accomplished" on his attempt to push the company to improve corporate governance.
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