Deals of the Hour

Trying to find out what's the deal with the world, tracking what's on sale and who's talking about it on Twitter. Update hourly.

Deals of the Hour / August 4, 2010, 1:40 am

Chinese businessman Huang tries to oust Hicks and Gillett from soccer club Liverpool

LONDON - Chinese businessman Kenny Huang has offered to buy Liverpool's $374 million debt from a British bank in an attempt to end Tom Hicks' and George Gillett Jr.'s control of the English Premier League club ... (Source: Minneapolis Star Tribune 2010-08-03T05:09:07Z)

MetLife Reduces 2011 Forecast as It Sells More Stock for AIG Unit Purchase

MetLife Inc. , the insurer buying a non-U.S. unit from American International Group Inc., said earnings per share will be lower than previously forecast after it boosted the size of a stock sale to fund the ... (Source: Bloomberg 2010-08-02T13:38:32Z)

Report: 2 Tribune executives engaged in 'intentional fraud'

Two top executives at Tribune Co. engaged in "intentional fraud" in late 2007 when working to finish the $8.2 billion sale of the company to Sam Zell, an examiner said in a 2,000-page inquest into its bankruptcy ... (Source: Chicago Sun-Times 2010-08-04T00:14:26Z)

Barnes & Noble Mulls Sale Under Pressure From Activist Burkle

Aug. 4 (Bloomberg) -- Barnes & Noble Inc., under pressure from activist investor Ron Burkle, put itself up for sale as a shift to digital books leads to losses at the biggest U.S. bookstore chain. The stock ... (Source: BusinessWeek 2010-08-04T03:56:21Z)

No Easy End in Sight for Tribune Co. Bankruptcy

In a 600-page report filed Monday, bankruptcy investigator Kenneth Klee expressed concerns about the late stages of the Tribune Company's 2007 sale to Sam Zell. The $8.2 billion deal may have left the company too shaky ... (Source: New York Observer 2010-07-27T13:59:58Z)

Barnes & Noble considers sale to boost stock price

NEW YORK - Book retailer Barnes & Noble Inc., facing a potential proxy fight with shareholder activists unhappy about the company's stock price and strategy, said Tuesday it may put itself on the block -- possibly ... (Source: Herald Tribune 2010-08-04T05:07:56Z)

Genzyme in formal talks with Sanofi

Genzyme Corp. and French drug maker Sanofi-Aventis are in talks over a possible sale, several news outlets are reporting. This comes after weeks of speculation, prompted, first by comments from Sanofi's CEO ... (Source: Birmingham Business Journal 2010-08-03T13:08:43Z)

Morgan Stanley launches $3 bln, two-part note sale

NEW YORK July 21 (Reuters) - Morgan Stanley ( MS.N ) on Wednesday launched its $3.0 billion, two-part note sale, said IFR, a Thomson Reuters service. The offering includes $1.25 billion of five-year notes ... (Source: Reuters 2010-07-19T23:56:26Z)

Chinese businessman wants to buy Liverpool club from Hicks group

LONDON – A Chinese businessman with a minority stake in the Cleveland Cavaliers has offered to buy Liverpool's $374 million debt from a British bank in an attempt to end Tom Hicks and George Gillett Jr.'s control of ... (Source: Dallas Morning News 2010-08-03T04:54:48Z)

Santander buys RBS UK branches

LONDON/MADRID (Reuters) - Spain's Santander ( SAN.MC ) sealed the purchase of over 300 UK branches from Royal Bank of Scotland ( RBS.L ) on Wednesday for about 1.65 billion pounds ($2.6 billion) to bulk up in ... (Source: Reuters 2010-08-04T07:45:25Z)

MetLife Raises $3.15 Billion in Stock Sale for Acquisition of AIG Business

MetLife Inc ., the largest U.S. life insurer, plans to sell $3 billion of fixed-rate senior notes in a three-part offering to help pay for its acquisition of an American International Group Inc. unit. The debt ... (Source: Bloomberg 2010-08-03T14:56:06Z)

Sanofi shares drop on report of $18B Genzyme bid

PARIS — Shares in Sanofi-Aventis SA traded Tuesday near a low for the year amid new reports that the French pharmaceutical giant is close to launching an $18 billion takeover offer for U.S. biotechnology ... (Source: msnbc.com 2010-08-04T06:55:18Z)

Ford and Geely Close Volvo Deal

Ford Motor said Monday that it had completed the sale of its Swedish unit Volvo to Zhejiang Geely Holding Group . Geely paid $1.3 billion cash for the carmaker, issued a $200 million note payable to Ford, and further ... (Source: New York Times Blogs 2010-08-02T11:15:22Z)

Geely buys Ford's Volvo in $1.5bn deal

China's Geely on Monday completed its purchase of Ford Motor Company's Volvo unit, marking China's biggest acquisition of a foreign car maker and reflecting the nation's rapid rise in the auto world. According to ... (Source: Punch 2010-08-04T07:38:15Z)

MetLife Raises $3.15 Billion for Purchase of AIG Unit (MET, AIG)

MetLife Inc. (NYSE: MET), the largest U.S. life insurer, raised $3.15 billion by selling shares below yesterday's closing price to help pay for the acquisition of an American International Group Inc. (NYSE: AIG ... (Source: Insurance News Net 2010-08-03T20:03:54Z)

Sale of Texas Rangers is anybody's game

ARLINGTON — The Texas Rangers baseball team goes up for auction on Wednesday, but until the deal is sealed, it's anybody's game. There are currently three big players vying to buy the American League West ... (Source: KVUE 2010-08-04T00:21:36Z)

Barnes & Noble eyes sale as stock plunges

NEW YORK – Book retailer Barnes & Noble Inc., facing a potential proxy fight with shareholder activists unhappy about the company's stock price and strategy, said Tuesday it may offer itself for sale, possible to an ... (Source: Fort Wayne Journal Gazette 2010-08-04T07:02:28Z)

Liverpool May Be First Sale Scrutinized After Portsmouth Financial Crisis

Liverpool's prospective sale may be the first scrutinized under Premier League soccer rules introduced to avoid a repeat of the financial meltdown at Portsmouth last season. New owners must show they have ... (Source: Bloomberg 2010-08-04T07:45:25Z)

Ford Completes Volvo Sale to Geely

STOCKHOLM—Ford Motor Co. said Monday it has completed the sale of its Swedish Volvo Car unit and related assets to China's Zhejiang Geely Holding Group Co. Geely at the same time announced that Volkswagen AG ... (Source: Wall Street Journal 2010-08-02T19:22:08Z)

Genzyme reportedly in buyout talks with Sanofi

Genzyme Corp. and French drug maker Sanofi-Aventis are in talks over a possible sale, several news outlets are reporting. The news comes after weeks of speculation, prompted first by comments from Sanofi CEO ... (Source: Mass High Tech 2010-08-01T23:55:20Z)

RBS Agrees to Sale of 318 Branches to Santander

(Adds company comment in third paragraph.) Aug. 4 (Bloomberg) -- Royal Bank of Scotland Group Plc, Britain's biggest government-owned bank, agreed to sell 318 branches to Spain's Banco Santander SA, a ... (Source: BusinessWeek 2010-08-04T06:40:59Z)

Barnes & Noble considers sale of the company

In what might be the latest sign of trouble for brick-and-mortar bookstores, the megachain Barnes & Noble Inc. announced Tuesday that its board was considering a sale of the company. The news surprised ... (Source: Minneapolis Star Tribune 2010-08-04T04:24:59Z)

Citigroup launches US$3 billion notes in 2 part sale

NEW YORK, USA - Citigroup Inc on Monday launched US$3.0 billion ($4.05 billion)of notes in a two-part sale, said IFR, a Thomson Reuters service. The offering includes US$750 million of five-year notes in a reopening of ... (Source: AsiaOne 2010-08-02T22:49:44Z)

Ryan, Cuban face bidding war for Texas Rangers

FORT WORTH, Texas -- More than two months after the Texas Rangers filed for bankruptcy, the auction for the AL West-leading team has come down to a bidding showdown between a baseball legend and one of the ... (Source: Forbes 2010-08-04T07:38:15Z)

Barnes & Noble up for sale

By Phil Wahba and Michele Gershberg NEW YORK (Reuters) - Barnes & Noble <BKS.N>, the number one U.S. book store chain, is putting itself up for sale as business suffers in the high-stakes battle for a leading role in the ... (Source: msnbc.com 2010-08-04T05:07:56Z)

RBS Agrees to $558 Million Sale of 318 Branches to Spain's Banco Santander

Royal Bank of Scotland Group Plc , Britain's biggest government-owned bank, agreed to sell 318 branches to Spain's Banco Santander SA , a disposal forced on the lender following its taxpayer-funded bailout ... (Source: Bloomberg 2010-08-04T06:48:09Z)

Omnicom Group launches $1 bln 10-year notes - IFR

NEW YORK, Aug 2 (Reuters) - Omnicom Group ( Symbol : OMC ) /Omnicom Capital/Omnicom Finance launched $1.0 billion of 10-year notes, with pricing expected later on Monday, said IFR, a Thomson Reuters service. The sale was ... (Source: Inside Fidelity 2010-08-02T16:37:30Z)

Bidders preparing for Texas Rangers auction

Bidder up! The Texas Rangers go on the auction block in federal bankruptcy court Wednesday in one of the most contentious sales of an American professional sports team. The only other Major League Baseball team sold this ... (Source: Salon 2010-08-03T21:15:29Z)

Retailer Barnes & Noble may put itself up for sale

NEW YORK (AP) — Book retailer Barnes &amp; Noble Inc. said its shares have slumped so low it may put itself on the block — possibly selling the chain to an investment group that would include its founder ... (Source: Tulsa World 2010-08-04T07:23:56Z)

Judge orders Tribune report made public

Wilmington, Del. -- The judge overseeing Tribune Co.'s bankruptcy ordered Tuesday that an independent examiner's report probing the media conglomerate's 2007 leveraged buyout be made available to the public ... (Source: News-Leader.com 2010-08-04T07:59:44Z)

Blog Archive