Reuters Business News: LSE reiterates opposition to Nasdaq bid - MSN Money
The London Stock Exchange (LSE) said it had sent a letter to shareholders which “draws specific attention to the fact that the December 2006 trading P/E (price/earnings) multiples for the major listed exchanges have risen by on average 10.5 per cent. since Nasdaq announced its offer on November 20.” “The board continues to recommend strongly that exchange shareholders reject Nasdaq’s wholly inadequate offer and take no action in respect of their shareholdings ” LSE chairman Chris …

February 5, 2007 @ 9:59 AM · Filed under Uncategorized
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Reuters Business News: Simon and Farallon offer $1.56 billion for Mills: WSJ - MSN Money
Simon the largest U.S. shopping center owner and Farallon are expected to put up equal amounts of equity to help fund their $24 per-share bid the Journal said. Canada-based Brookfield offered $21 per share or $1.35 billion.

February 5, 2007 @ 9:59 AM · Filed under Uncategorized
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Reuters Business News: Vornado sweetens EOP property bid - MSN Money
Battling private equity group Blackstone for Equity Office in the real estate investment trust sector’s biggest takeover battle Vornado said on Sunday it was addressing concerns the Equity Office board had raised about the “speed and certainty” of its offer. Equity Office said on Friday it preferred a $22.4 billion or $54-per-share cash offer from private equity firm Blackstone Group because it believed it had “certainty of value and virtual certainty of closing in the …

February 5, 2007 @ 9:58 AM · Filed under Uncategorized
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