KKR & Co. L.P. (NYSE:KKR) is in discussions concerning a likely ¥100 billion ($1.3 billion) investment in Renesas Electro Adr (RNECY.PK). Such an agreement that would allow the American private equity firm a controlling stake in the Japanese chipmaker, which is owned by NEC, Hitachi and Mitsubishi Electric. Chatter on the deal pushed Renesas’ shares up by 35 percent in Tokyo.
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R.R. Donnelley & Sons Company (NASDAQ:RRD) is subject to a court filing by the Securities and Exchange Commission, that will try to force the firm to supply records that it prepared for banks that underwrote the securities for Residential Capital’s loans. In turn, the latter is being investigated by the Commission for possible misconduct in loan originations and underwriting, along with possible fraud in the sale of mortgage bonds.
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