More deals being yanked

Risk appetites have gone on an extended vacation. Noone wants to touch anything. A couple more deals were yanked in Europe this morning.

From marketwatch.com

Syndications of Endemol, American Lawyer debt halted:

LONDON (MarketWatch) -- Banks have not been able to syndicate debt taken on by the 2.63 billion euro acquisition of most of the television production company Endemol from Telefonica (TEF) by Silvio Berlusconi's Mediaset, company founder John de Mol and Goldman Sachs, the Times (of London) reported Thursday. The banks that underwrote the deal - Goldman Sachs (GS), ABN Amro (ABN), Credit Suisse (CS), Lehman Brothers (LEH) and Merrill Lynch (MER) were due to go out to syndication to sell the debt on July 24, the newspaper said. But that syndication has been postponed as debt investors refused to take part in high-risk buyouts, the paper said. Separately, the Royal Bank of Scotland (UK:RBS) has decided not to bother syndicating its $400 million loan to Apax-backed Incisive Media in respect of the recent purchase of the publisher American Laywer because it knows it cannot complete the transaction, the report added.