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  • Belgian company Interbrew has become the successful bidder to acquire the Bass Brewers business from the UK's Bass for £2.3 billion ($3.5 billion). The acquisition marks the end of a competitive bidding process for the company which has continued for several months.
  • France Telecom has enlisted the services of a UK law firm for its £25.1 billion ($37.98 billion) acquisition of the mobile telecommunications company Orange from Vodafone Airtouch. Norton Rose is advising the French operator, whose offer is comprised of £11.3 billion in its own shares and £13.8 billion in cash, one of the largest cash elements ever paid.
  • Advisers on Royal Ahold euro 3billion offering
  • The UK's Prudential has launched the first internet-only offering of shares, valuing the company at approximately £1.3 billion ($1.95 billion). The issue was a primary and secondary offering of 20% of the company's stake in Egg. Egg is a provider of on-line banking and financial intermediate services.
  • The UK mobile phone retailer Carphone Warehouse has decided to float on the London Stock Exchange, with a valuation that could reach as high as £2 billion ($3 billion).
  • Regulators in Singapore and the US have joined forces to crack down on fraud. The SEC and the Commodity Futures Trading Commission (CFTC) will both work with the Singapore Monetary Authority (MAS) on possible violations of securities and futures rules.
  • Kyung Wook Hur, director of the international financial policy Pision of the Korean Ministry of Finance and Economy, is circling the globe to promote investment in Korea.
  • Coudert Brothers will complete its withdrawal from Vietnam later this year when it closes its Hanoi office. Last year it closed its Ho Chi Minh office.
  • The US Competitive Telecommunications Association (CompTel) has warned the US Chamber of Commerce in Taiwan that it must support CompTel's recommended local telecom reforms, ensuring Taiwan conforms to WTO commitments.
  • Palo Alto's Wilson Sonsini Goodrich & Rosati sat across the table from New York's Sullivan & Cromwell to advise on the Nasdaq IPO of India's Rediff.com.