Bain Capital is the only remaining bidder for Reed Business Information, the B2B publishing subsidiary of Reed Elsevier. The other bidder, Texas Pacific Group, dropped out claiming the acquisition would be too risky in the current economic environment. Reed Business Publications is the publisher of titles such as New...
This paper examines breakup fees and stock lockups as devices for prospective target firms to encourage bidder participation in takeover contest. One shows that, unless bidding costs for the first bidder are too high, breakup fees provide for the socially desirable degree of competition and ensure the efficient allocation of...
DETROIT -- An Indian carmaker that will unveil the world's cheapest car next week may soon produce two of the world's premier brands as well. Ford Motor Co. named Tata Motors Ltd. the top bidder for its Jaguar and Land Rover brands Thursday and entered into "focused negotiations...
Jul 23, 2001 (Lloyd's List Daily Commercial News ABIX via COMTEX) -- In mid-July 2001, the Ports Corporation of Queensland is finalising its decision on the winning bidder of Dalrymple Bay Coal Terminal. In recent weeks the favoured bidder, National Australia Bank, is thought...
EDEN PRAIRIE, MINN. -- Supervalu Inc. took itself out of the running to be Kmart Corp.'s sole grocery supplier on Jan. 19. Fleming Co. was the only other bidder for the job.
M2 PRESSWIRE-7 March 2008-SIS: Bbc Selects Sis As Preferred Bidder For Outside BroadcastsC1994-2008 M2 COMMUNICATIONS LTD RDATE:07032008 Satellite Information Services Ltd SIS is delighted to have been selected as the preferred bidder for the Outside Broadcasts division of BBC...
BOGUS DH BIDDER SANCTIONED WASHINGTON FNS -- The man who made a bogus tender offer for Dayton Hudson Department Stores in 1987, has been sanctioned by the Securities and Exchange Commission and banned for at least one year from the securities business. ...
M2 PRESSWIRE-11 February 2005-QANTAS AIRWAYS: NJS named preferred bidder for QantasLink B717sC1994-2005 M2 COMMUNICATIONS LTD RDATE:02112005 Qantas said today that Adelaide-based National Jet Systems had been selected as the preferred bidder to operate and maintain QantasLink's new Boeing 717 regional flying...
An unnamed bidder is acquiring MyQuire, a social networking site that allows individuals and team members to collaborate on projects. The two-year-old company will stop operating MyQuire.com on January 1, 2009. CEO Michael Dawson says the buyer has requested full confidentiality. by George Mitton
M2 PRESSWIRE-13 April 1999-UK GOVERNMENT: Home Office selects preferred bidder for IT2000 C1994-99 M2 COMMUNICATIONS LTD RDATE:130499 The Home Office has selected a consortium led by Sema Group, with Deloitte Consulting and CSL, as preferred bidder for a 10-year PFI partnership...
A new bidder has emerged for the Galleria and Tower at Erieview shopping mall-skyscraper complex as the next chapter looms in the downtown property's tangled history. The new bidder is James Breen, president of the Breen & Co. real estate brok A new...
ST. LOUIS -- President Casinos, Inc. (OTC:PREZQ.OB) today announced that Columbia Sussex was the winning over bidder for the Company's St. Louis casino operations under the terms of Section 363 of the United States Bankruptcy Code. The agreement is for a purchase price of $57.0 million, subject to certain closing...
PORTLAND, Ore.--BUSINESS WIRE--Jan. 30, 1996--Northwest Pipe Co. (NASDAQ:NWPX) reported today that it is the apparent low bidder to supply steel pipe for two water pipeline projects in California and Nevada.The value of the two projects to Northwest Pipe is $14 million.The company was named a supplier of steel pipe for...
Byline: Erik Engquist and Anne Michaud Next bidder up for Bronx plant The city department of Environmental Protection has been forced to begin negotiations with the second-lowest bidder for construction of the Croton Water Treatment Plant in the Byline: Erik Engquist...
LONDON AFP — US media giant Viacom has been chosen as the preferred bidder for a contract to run poster adverts on London's underground railway network, the Tube, Transport for London said. TfL chose Viacom over French billboard advertiser JC Decaux. "We've appointed Viacom Outdoor as the preferred...
One possible explanation that bidding firms earned positive abnormal returns in diversifying acquisitions in the 1960s is that internal capital markets were expected to overcome the information deficiencies of the less developed capital markets. Examining 392 bidder firms during the 1960s, we find the highest bidder returns when financially unconstrained'...
NEW YORK -- Fitch Ratings learned that the National Benevolent Association Board approved an Asset Purchase Agreement with Fortress NBA Acquisition, LLC. Fortress is the 'stalking horse bidder' in the proposed sale of all of the eleven senior living facilities owned and operated by NBA. The bid of the stalking...
DUBLIN, Ohio--BUSINESS WIRE--Aug. 14, 1995--Seiler Pollution Control Systems, Inc. announced today that it has been formally notified that it is the apparent successful bidder on a US Air Force High Temperature Vitrification Technology Evaluation Contract.
