BREAKING NEWS: Merrill Lynch are “hard-asses.” They’ve seized $850 million worth of assets from Bear Stearns and begun the process of auctioning them off, Gasparino reports. So far, it seems, JP Morgan and Deutsche Bank have not yet begun selling. [CNBC.com]
$$$ Deals: Global Buyers Troll America
In our M&A Roundup for the week ending June 15, some of the biggest purchases are by British, French, Chinese, and Australian companies. LBOs again are king. [CFO.com]
$$$ The Virtues of Flatland [Going Private]
$$$ Wall Street II – Gekko comes to London [FT Alphaville]
$$$ Wholesale Organic Idiocy [Long or Short Capital]