Sunday Papers: Goldman eyes up Paternoster - tips, comment and bids

The Sunday Times

* Goldman Sachs is plotting a takeover offer for Paternoster in a deal estimated to be worth about £300 million; Pension Corporation is also thought to be monitoring the situation, along with a number of private equity and trade buyers; Eton Park, an American private equity fund, has been keen to sell its 25% stake.

* BHP Billiton is preparing to sweeten its $39 billion hostile bid for Potash Corporation ahead of a key decision this week by the Canadian government.

* Norway’s sovereign wealth fund is poised to buy a chunk of London’s Regent Street in a deal that will value the shopping district at £1.6 billion; Norges will pay about £400 million for a quarter share.

* Permira is stepping up its acquisition spree with plans to buy Dometic, a leading maker of fridges for yachts and motor-homes, in a deal estimated to be worth up to £1 billion.

* Chris Wright, the veteran music tycoon, is tuning up for talks aimed at a merger or sale of Chrysalis, the company he founded 43 years ago; the likely merger candidates include Bug Music and Imagem Music.

* News Corporation is this week expected to give formal notification to the European Commission about its £8 billion attempt to take full control of British Sky Broadcasting.

* International Power rejected a blockbuster $20 billion merger offer from America’s AES just days before it agreed a controversial takeover by GDF Suez.

Economic Outlook

* Britain needs to think global or we will wilt - Last year we exported more to Ireland than to the three billion people in China, India, South Africa, Russia and Brasil combined.

Prufrock

* Ocado delivers rebuke - When Ocado’s chief executive accepted a spiky trophy, he wanted to pass it on to a certain analyst — in a rather painful way.