S&P Global Market Intelligence presents a periodic summary of potential deal activity in thefinancial sector, including rumored transactions. This summary is based oninformation obtained on a best-efforts basis and may not be inclusive of allpotential deal activity.
Banking
* Refuting rumors it is exploring a sale, ($3.79 billion)President Geoffrey Greenwade said the Houston-based company will likelyannounce another acquisition by the end of 2016.
* In Illinois, Standard Bancshares Inc. ($2.44 billion) engaged theservices of JPMorgan for the management of Standard Bank and Trust Co.'s , say sources for Crain's ChicagoBusiness. PrivateBancorpInc. ($17.26 billion) and First Midwest Bancorp Inc. ($9.73 billion) are said tobe interested.
*
Also to read:
Financialservices
*
*
* First MarbleheadCorp. initiatedexploratory discussions with investor John Risley and FP Resources USA Inc. withrespect to a possible acquisition of First Marblehead by FP Resources. FP Resources is owned by Lobster Point Properties Ltd., which is owned by Risley.
* said it iscurrently engaged in discussionswith a potential counterparty about a potential merger or saletransaction. The parent of ZAIS Financial's external adviser is also conductinga strategic review.
*PHH Corp.'s board and management have started acomprehensive reviewof all strategic options, including capital structure and deploymentalternatives.
* Fidelity NationalInformation Services Inc. is reportedly of SunGard's publicsector and education division in a deal that could be valued at more than $1billion, while Thomson ReutersCorp. maysell its intellectual property and science business in two or threeparts, in a deal that could be valued at more than $3 billion.
Also to read:
Insurance
*
*
* Enstar GroupLtd., CatalinaHoldings (Bermuda) Ltd. and Armour Group Holdings Ltd are certain U.K.employers' liability books, The Insurance Insider reported. ,The Hartford Financial ServicesGroup Inc. and Allianz Group had their U.K. employers' liability booksup for sale. Enstar and Catalina submittedbids for all three books, but Catalina recently secured the deal for the Allianz business.
Also to read: DelekGroup cancels nonbinding letter of intent for Phoenix Holdings stakesale
Send comments andnews leads to news@snl.com. To see the previous edition of "In Play Today", clickhere.