2008-03-24 15:40:03
German govt says Hapag-Lloyd sale would weaken Germany as place for investment
FRANKFURT (Thomson Financial) - The German government believes a sale of the
Hapag-Lloyd shipping company would weaken Germany as a place for investment in
the maritime sector, the government coordinator for maritime affairs Dagmar
Woehrl told Hamburger Abendblatt newspaper's Saturday edition.
2008-03-24 15:38:35
JPMorgan raises Bear purchase price
NEW YORK (AP) - JPMorgan
Chase & Co. increased its offer Monday for Bear Stearns Cos. to $10 per share
from a bargain-basement price of $2 per share, hoping to assuage shareholders of
the ailing investment bank.
2008-03-24 15:01:41
Synplicity shares jump after Synopsys acquisition; downgraded to hold at Needham
BOSTON (Thomson Financial) - Shares of Synplicity Inc. spiked Monday after
the Sunnyvale, Calif.-based provider of semiconductor design software said it
has agreed to be acquired by Synopsys Inc. for $8 per share in cash, or roughly
$227 million in the aggregate.
2008-03-24 14:26:05
Prodi calls on Alitalia unions to act responsibly in Air France talks
ROME (Thomson Financial) - Italian Prime Minister Romano Prodi today urged
unions at Alitalia to show "a sense of responsibility" in talks with Air
France-KLM that could lead to a takeover of the financially strapped Italian
carrier.
2008-03-24 14:22:53
Opening Glance: Commercial banks
NEW YORK (AP) - Shares of commercial banks jumped in Monday morning trading
with the broader market as investors' hopes were buoyed by news that JPMorgan
Chase would sweeten its takeover offer for investment bank Bear Stearns.
2008-03-24 14:13:42
Opening Glance: Household Durables
NEW YORK (AP) - Shares of household durable companies rose slightly Monday
morning with the broader markets as investors' confidence was buoyed by news
JPMorgan Chase would boost its takeover offer for Bear Stearns.
2008-03-24 14:07:54
JPMorgan boosts buyout price for Bear Stearns to $10 per share
BOSTON (Thomson Financial) - JPMorgan Chase & Co. and Bear Stearns Cos. Inc.
said Monday they have amended the merger agreement regarding JPMorgan's
acquisition of Bear Stearns to an increased offer price of 0.21753 shares of
JPMorgan common stock, or an implied value of $10 per share, based on the March
20 closing price of JPMorgan shares.
2008-03-24 13:07:39
MedCath to sell Dayton Heart Hospital to Good Samaritan Hospital for $55 million
NEW YORK (Thomson Financial) - MedCath Corp. Monday said it would sell all
the assets of Dayton Heart Hospital to Dayton, Ohio's Good Samaritan Hospital
for $55 million.
2008-03-24 13:04:59
: Bear Stearns shares up premarket; JPMorgan near $10/share offer-report
Adds analyst comments
BOSTON (Thomson Financial) - Shares of Bear Stearns Cos. Inc. jumped in
premarket action Monday after the Wall Street Journal reported that JPMorgan
Chase & Co. is near an agreement to quintuple its acquisition offer price to $10
per share.
2008-03-24 12:53:19
L-1 Identity to buy Digimarc's ID systems business for $250M in cash, stock
BOSTON (Thomson Financial) - L-1 Identity Solutions Inc. Monday said it has
entered into a definitive agreement to acquire the ID systems business of
Digimarc Corp. for about $250 million in cash and stock.
2008-03-24 12:48:28
Prudential looks to US for major acquisition
LONDON (Thomson Financial) - Prudential has set aside 2 bln usd to make a
major acquisition, possibly of a life assurance company, in the US within the
next few months, The Daily Telegraph reported.
2008-03-24 12:47:18
Ferrovial's BAA agrees to partial sale of APP assets for 265 mln stg
MADRID (Thomson Financial) - Grupo Ferrovial SA's BAA unit said Airport
Property Partnership (APP), jointly held by BAA and Morley Fund Management, has
agreed to sell a portfolio of 33 assets to The Arora Family Trust for 265 mln
stg.
2008-03-24 12:35:11
Cepsa buys rights for Colombia oilfield with reserves of 40 mln barrels
MADRID (Thomson Financial) - Cia Espanola de Petroleos SA said it has
acquired the exploitation rights for an oilfield in Colombia from Hupecol
Caracara LLC with estimated reserves of around 40 mln barrels, though it did not
provide any financial details.
2008-03-24 12:09:20
Bear Stearns shares jump in premarket; JPMorgan near to $10 a share offer-report
BOSTON (Thomson Financial) - Shares of Bear Stearns Cos. Inc. jumped in
premarket action Monday after the Wall Street Journal reported that JPMorgan
Chase & Co. is near an agreement to quintuple its acquisition offer price to $10
per share.
2008-03-24 11:48:49
Rio Tinto poised to sell packaging business as part of BHP defence - report
LONDON (Thomson Financial) - Rio Tinto, the Anglo-Australian mining giant,
is poised to sell its 5 bln usd (2.5 bln stg) packaging business, possibly in
parts, to help defend itself against a takeover bid from BHP Billiton, The Daily
Telegraph reported without citing sources.
2008-03-24 11:29:04
Report: JPMorgan could up Bear offer
NEW YORK (AP) - JPMorgan Chase & Co. was discussing a deal that would
increase fivefold its offer for Bear Stearns Cos. to $10 a share, The New York
Times reported Monday.
2008-03-24 11:16:59
Marathon Acquisition to purchase Global Ship Lease in deal valued at $1B
BOSTON (Thomson Financial) - Marathon Acquisition Corp. and Global Ship
Lease Inc. said Monday that Global Ship will access the public equity markets
through a merger with Marathon valued at about $1 billion.
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