The financial markets tell us that major corporations have the ability to implement deals and long-term strategies now, given their large cash build up and the availability of low-cost financing. According to data compiled by Bloomberg, the 1,000 biggest companies by market value worldwide have amassed about $2.87 trillion in cash and equivalents based on their latest filings. The figure excludes financial-services firms that the market expects to be more aggressive in view of the possible tax changes in the U.S... The rate on carried interest, or the share of profits that fund executives earn as part of their compensation, is slated to rise to 20 percent in 2011 from 15 percent currently. So with a market flush with cash and driven by the need to off-load quickly, the Elster Group took the opportunity to go for an IPO this month. The price offering of one American Depositary Shares (ADSs), four of which represent one […]