U.S. Speeds Its Selloff of Bailout Securities

Mergers & Acquisitions

CLSA: China’s Citic Securities Co. 6030.HK -3.96% is close to a deal to acquire Hong Kong-based brokerage CLSA Asia-Pacific Markets from France’s Crédit Agricole SA following lengthy negotiations. [WSJ]

Beer battle: Setting off a potential battle in the world’s biggest beer market, Dutch brewer Heineken NV made a US$4.1 billion offer to gain control of Asia Pacific Breweries, the maker of Tiger Beer, trumping a bid by one of Thailand’s richest tycoons. [WSJ]