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Growing Pains in Cross Border M&A

Hot on the heels of MTD’s fifth and final prediction that “2011 will be a banner year for cross-border mergers and acquisitions between China and the United States and China and Europe,” Reuters ran a story last Friday describing China’s mixed success in global acquisitions. Xinmao’s decision to drop its 1 billion-euro ($1.3 billion) bid […]

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Why Bright Foods Likes GNC

Why is China’s Bright Food Group interested in GNC Holdings, the U.S. vitamin chain? That’s what Louise Lucas of the Financial Times wanted to know. Several months ago, Shanghai-based Bright Foods was in discussions to buy United Biscuits of the U.K., but its interest now seems to have shifted to the potential $2.5 billion acquisition […]

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China Expands Abroad: The Coming M&A Boom

Geely’s acquisition of Volvo is a watershed event for both the global auto industry and the international mergers and acquisitions business. The acquisition of a global auto brand by a relative industry newcomer from China demonstrates how quickly even major industries like automobiles are being transformed by the development of China’s economy. It also may […]

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Geely and Volvo: A Watershed Event

It’s official. In what is truly a watershed event, Zhejiang Geely Holding Group signed a binding deal on Sunday to buy Ford Motor Co.’s Volvo Cars unit for $1.8 billion, representing a coup for the independent Chinese automaker — and the country it represents. Geely is an unlikely champion to be taking this first important […]

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Hummer Deal Scuttled

It’s now official: the Hummer deal has been scuttled. The conventional wisdom from the very beginning has been that the Chinese government would never approve the sale of Hummer by General Motors to Sichuan Tengzhong Heavy Industrial Machinery Co. because it runs counter to current Chinese auto policy which is promoting smaller, more fuel efficient […]

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Outbound M&A (From China)

As China’s markets resume their growth, Chinese companies will grow larger and undoubtedly become more interested in “going global.” Potential merger and acquisition activity from China already has investment bankers licking their chops as they prepare to compete for a new wave of business. With a fast-growing home market, one might question why a Chinese […]

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Coca-Cola/Huiyuan: Majority Ownership or Anti-Monopoly?

When Chinese regulatory authorities blocked Coca-Cola’s $2.4 billion bid for China Huiyuan Juice, China’s largest juice maker, last month, I was surprised, and I said so in my article on the subject. After all, the state has no holdings in it: it’s a private company, and a foreign one to boot, with its shares listed […]

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