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  • Skadden Arps partner David Fox and of counsel Margaret Wolff are acting for Alcoa in its bid for Alcan. Alcoa has submitted a $33 billion hostile offer for its fellow aluminium producer
  • Reed Elsevier has signed a definitive agreement to sell-off two businesses from its Harcourt Education to Pearson for $950 million in cash. The package includes Texas-based Harcourt Asssessment, a testing and performance measurement service for educational and clinical use, and Harcourt Educational International, a publisher of educational materials in Oxford.
  • The UK's Financial Services Authority (FSA) is reviewing with concern the impact the explosive growth of the credit derivative market could have on future bankruptcies
  • Research shows that companies listing in New York enjoy unique governance benefits, even as London gains foreign listings
  • New FTSE guidelines mean that foreign companies listing in London will have to promise to meet UK corporate governance and investor protection standards before they are allowed onto the market
  • Orrick Herrington & Sutcliffe announced today that James Tervo has been named head of its Asian real estate practice.
  • In a move hoped to build its presence in India, Allen & Overy announced today the sponsorship of a local law professor
  • Deutsche Börse has agreed a merger with New York derivatives house International Securities Exchange
  • News Corporation has made an unsolicited takeover bid for US publisher Dow Jones & Company
  • A syndicate of Israeli private equity firms have acquired 47 Marriott hotels from the Royal Bank of Scotland (RBS) for $2.19 billion. The syndicate was led by Igal Ahouvi of Blenheim Property and included Delek, Electra, Fibi and Quinlan among others.