Midweek M&A Madness
Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below. IPL Inc., a Canadian manufacturer of plastic products, has constituted a strategic review committee of independent directors to investigate and evaluate the various strategic alternatives IPL. IPL has retained Ernst & Young Orenda Corporate Finance Inc. as advisors to assist in this process. TCW Group is selling $450 million of mortgage-backed securities. The bids were taken on December 8. The securities include Alt-A and prime-jumbo mortgage bonds held by the Los Angeles-based company's TCW Total Return Bond Fund and TCW Galileo Total Return Bond Fund. Dow Chemical and BASF are seeking buyers for styrene-making segments of their businesses.
