Saxo Bank chief equity strategist looks at some recent corporate action headlines, including:
BHP Billiton's aggressive move for Potash and Intel's relatively quiet absorption of McAfee. Big M&A is back, but it's being done with cash rather than leveraged loans.
GM looks to IPO. Any reason to encourage clients to buy its cars.
AP Møller Mærsk has released strong results, but it still faces uncertainty and cost reductions.