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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.
  • Advisers on Royal Ahold euro 3billion offering
  • 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.
  • 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.
  • 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).
  • 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.
  • A choice collection of firms from New York, London and Beijing advised on China Unicom's $4.9 billion Hong Kong and New York IPO. It is the biggest ever Asian IPO outside of Japan.
  • Shearman & Sterling and Allen & Overy have shocked the German legal community by taking eight partners each from the German firm Schilling Zutt & Anschütz. The 16 Schilling departures represent nearly half of the 35-lawyer firm, and come after Schilling failed to reach merger agreements with both firms earlier this year.
  • Partners at White & Case and German firm Feddersen Laule Ewerwahn Scherzberg Finkelnburg Clemm voted last month to merge the two firms with effect from July 1. The move is the first significant merger between a US and German firm and is the largest strategic move into Germany from the US since Shearman & Sterling arrived in the early nineties.
  • Bill Rubin, one of the chief counsels at the EBRD, is to return to private practice after seven years at the bank. The move is an important boost for Weil Gotshal's London office, which has suffered a number of partner losses over recent months.