Greece deal
Greece won breathing space with long-frozen eurozone loans to restart and a first clear admission that a chunk of the country’s debt burden will need to be written off. The eurozone and the IMF agreed to unlock 43.7 billion euros ($56 billion) in loans.
McGraw
McGraw-Hill agreed to sell its education unit to Apollo Global Management for $2.5 billion..
Knight move
Knight Capital Group expects to receive acquisition proposals as early as this week, Bloomberg reported.
Lehman sale
Lehman Bros. Holdings’ bankruptcy estate is selling apartment-building owner Archstone Enterprise to Equity Residential and AvalonBay Communities in a $6.5 billion cash and stock deal. Archstone is Lehman’s single largest asset.
It’s worth it!
L’Oréal, the world’s largest cosmetics maker, agreed to buy the Urban Decay brand from private-equity firm Castanea Partners. Terms of the deal were not disclosed.