Thomas & Betts to buy Danaher's power quality unit for $280 mln

(Reuters) - For 2007, the acquisitions will contribute about $70
million to revenue and have a negligible net impact on earnings
per share due to the amortization of acquisition-related
intangible assets, the company said in a statement.





Read more at Reuters.com Mergers News

Chinese game developer Perfect World files for IPO

(Reuters) - The company said in a registration statement with the
Securities and Exchange Commission that Morgan Stanley, Credit
Suisse, CIBC World Markets and Susquehanna Financial Group,
LLLP were underwriting the IPO.




The preliminary filing did not state how many ADSs the
company intends to offer or their expected price.


Read more at Reuters.com Government Filings News

Citizens Financial to go private

(Reuters) - Fractional shares resulting from the reverse stock split
will not be issued, but will instead be purchased by the
company at $7.25 a share on a pre-split basis, the insurance
holding company said.





Read more at Reuters.com Government Filings News

Ticketmaster to buy ticketing service Paciolan

(Reuters) - Paciolan's selling shareholders include venture capital groups Technology Crossover Ventures, Argentum Capital Partners and Marwit Capital Co. Ticketmaster is part of IAC/InterActiveCorp .




Read more at Reuters.com Mergers News

UPDATE 1-Larry Ellison's NetSuite files for $75 mln IPO

(Reuters) - BOSTON, July 2 - NetSuite Inc., billionaire Larry
Ellison's software company that sells computer programs accessed
over the Web, filed on Monday to raise up to $75 million in an
initial public offering.




Ellison, the founder and chief executive of Oracle Corp.
, controls 74 percent of NetSuite common stock, according
to the company's S-1 filing with the U.S. Securities and Exchange
Commission.


Read more at Reuters.com Bonds News

US STOCKS-Indexes rally on M&A frenzy, factory growth

(Reuters) - Caterpillar Inc. and United Technologies Corp.
led the Dow industrials higher after a surprising
rise in the Institute for Supply Management's factory index to
its highest level in more than a year.




Takeover activity showed few signs of abating despite
concerns about tightening credit. Canada's largest telephone
company, BCE Inc. , agreed to a US$32.6 billion
buyout. For details, see [ID:nN02315411].


Read more at Reuters.com Bonds News

Mexico's Debt Rating Outlook Raised by Standard & Poor's; Peso, Bonds Gain

(Bloomberg) -- Mexico's credit rating outlook was
raised to positive from stable by Standard & Poor's Ratings
Services, fueling a surge in the country's currency, stocks and
government bonds.

S&P, which rates Mexican foreign debt BBB, the second-
lowest investment-grade rating, said the change in outlook was
driven by the country's efforts to reduce its foreign debt and
by expectations congress will approve legislation to bolster tax
collection. S&P rates Mexico's local debt A, the sixth-highest
rating.


Read more at Bloomberg Currencies News