Yanzhou Coal (NYSE:YZC) was expected to make a takeover bid of at least $2 billion today and as a result trading in Australia’s Gloucester Coal was suspended. Sources say an announcement could come today or early tomorrow. Reuters reports that the board of Yanzhou Coal approved the proposed merger with Gloucester

Citi’s (NYSE:C) break-up sale of EMI to Universal Music (VIVHY.PK) and Sony (NYSE:SNE) is being reviewed by the Federal Trade Commission. Sources are saying the Federal Trade Commission has to play point because the Justice Department was too busy cracking apart the AT&T/T-Mobile deal.

Don’t Miss: FTC: We are Leading the Review of Citi’s Sale of EMI.

International Consolidated Airlines Group (BABWF.PK), or IAG, beats out Virgin Atlantic. The two have been in the fight for Lufthansa’s (DLAKY.PK) airline British Midland. IAG will pay 172.5 million pounds ($271 million) in cash for the money-losing airline to help secure its growth at London’s Heathrow airport.

NYSE (NYSE:NYX) and Deutsche Boerse (DBOEY.PK) may have to directly lobby European Commissioners in order to obtain approval for their merger after being unable to assuage the concerns of European Union antitrust officials about the deal’s effects on the derivatives market, Reuters reports.

Vulcan Materials (NYSE:VMC) rejects Martin Marietta’s (NYSE:MLM) unsolicited offer to acquire the company at an exchange ratio of 0.50 shares of MLM for each VMC common share.

Williams Partners (NYSE:WPZ) agrees to acquire natural gas gathering systems in the Marcellus shale. The systems will be obtained from Delphi Midstream Partners for around $750 million. The Laser Northeast Gathering System includes 33 miles of 16-inch natural gas pipeline in Susquehanna County, Pa.

Investing Insights: First Solar Rumored to Attract Big Name Buyers.

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