Foster’s beer business has been getting all the limelight recently but the company has now rejected a private equity offer worth up to $2.5 billion for its wine business. The news raised speculation that suitors for the combined group, which has a market value of about $11 billion, might now step forward. *View article *View article on Foster’s CEO

BA-Iberia has earmarked Asia as a key region for expansion once their own merger solidifies, though restrictions on foreign investment could narrow their range of acquisition targets.*View article

The defense world is bracing for a whirlwind of dealmaking as tighter budgets and new security threats prompt the Pentagon’s large contractors to move resources to cybersecurity and unmanned defense. *View article *View graphic *View full coverage of the Reuters Aerospace and Defense Summit

Too many green technology IPOs recently have been big on hype but slow on results, Wired reports. The site has come up with some bright prospects going forward. *View article *IPO Candy gives a  wider look at the IPO market