RBS-Led Group Makes Bid for ABN Amro An RBS-led consortium submitted a renewed bid of $95.61 billion for ABN Amro, in the latest twist in the bidding contest for the Dutch bank. (Statement)
Source: online.barrons.comRBS group, offering more cash, bids $95.5 billion for ABN AmroLONDON (MarketWatch) -- A consortium led by Royal Bank of Scotland on Tuesday officially launched its offer for ABN Amro, seeking to thwart rival Barclays by raising the cash portion of its 71.1 billion euros ($95.5 billion) proposal.
Source: www.marketwatch.comWay Off Topic: My Trip To The Cleaners So, Saturday morning, I did what millions of other Americans did. I went to pick up my dry cleaning. Pulled into the parking lot in a little strip mall in midtown Palo Alto. I was inside no more than three minutes. When I came back out again, my car was blocked by two large black [...]
So, Saturday morning, I did what millions of other Americans did. I went to pick up my dry cleaning. Pulled into the parking lot in a little strip mall in midtown Palo Alto. I was inside no more than three minutes. When I came back out again, my car was blocked by two large black SUVs. With Washington D.C. plates. Standing around outside were a number of large clean cut men in blazers with lapel pins, wearing ear phones. And sunglasses. Clearly, my little strip center had been descended upon by the Secret Service. (There were more of them around town when Chelsea was going to Stanford.) Anyway, it took me about one minute to come up with a theory. The other place in the strip mall that was showing signs of life was a little hair salon. The door was open. Someone was standing outside, apparently waiting for someone. I asked one of the large men what was going on. “Nothing, sir,” he replied politely. Then they moved out of the way so I could pull out my car. Who in Palo Alto required Secret Service protection to get their hair done? Aha! Condi Rice is in town, along with her legendary hair. Maybe she needed a trim. Case closed.
Source: feeds.barrons.infoAvaya Reportedly Mulls Sale of All or Part Of The Company Both the Wall Street Journal and the New York Times are reporting that Avaya (AV) is considering selling all or part of the telecommunications equipment company. The WSJ story listed Nortel (NT) and private equity firm Silver Lake Partners as possible buyers; the Times listed those two, as well as Cisco Systems (CSCO). The Times [...]
Both the Wall Street Journal and the New York Times are reporting that Avaya (AV) is considering selling all or part of the telecommunications equipment company. The WSJ story listed Nortel (NT) and private equity firm Silver Lake Partners as possible buyers; the Times listed those two, as well as Cisco Systems (CSCO). The Times story also says the company has hired Credit Suisse as an adviser.
The Times story also noted that “speculation about a deal for Avaya has percolated since Friday, when the company postponed its analyst meeting scheduled for Thursday.”
On Friday, Avaya shares rose 22 cents to $13.67, and then jumped another 33 cents to $14 in after hours trading. As of the close of the regular session Friday, Avaya had a market cap of about $6.2 billion.
Source: feeds.barrons.infoCDW In Buyout Talks With Private Equity Firms, WSJ Reports CDW Corp. (CDWC) is in talks to be acquired by private-equity firms , according to a story in the Wall Street Journal. The report said the leader of the group seeking to buy the PC reseller is Madison Dearborn Partners. In early trading, CDW shares are up $8.95, at $84.51.
CDW Corp. (CDWC) is in talks to be acquired by private-equity firms , according to a story in the Wall Street Journal. The report said the leader of the group seeking to buy the PC reseller is Madison Dearborn Partners. In early trading, CDW shares are up $8.95, at $84.51.
Source: feeds.barrons.infoBuyout Firms in Talks to Purchase CDW Private-equity firm Madison Dearborn is in talks for tech retailer CDW, but may face late competition from rivals.
Source: online.barrons.com
