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 / October 4, 2010, 9:46 pm

Cuban human rights leader details govt offer of freedom for more prisoners

HAVANA (AP) — A Cuban human rights leader on Monday revealed the names of nine inmates apparently offered early release by the government in exchange for accepting exile, including some convicted of violent crimes such as hijacking, assault and piracy ... (Source: Fort Lauderdale Sun-Sentinel 2010-10-04T13:49:43Z)

Sanofi Takes $18.5 Billion Offer for Genzyme Hostile

(Updates with Genzyme's investor comments in fourth and 17th paragraphs, Viehbacher in ninth.) Oct. 4 (Bloomberg) -- Sanofi-Aventis SA began an $18.5 billion hostile takeover offer for Genzyme Corp. after the U.S. biotechnology company spurned the bid as ... (Source: BusinessWeek 2010-10-04T21:06:23Z)

Hypercom Rejects VeriFone's Offer

Hypercom Corporation (NYSE: HYC - News ) has rejected the acquisition offer from rival VeriFone Systems, Inc. (NYSE: PAY - News ) for the second time. On Sep 27, 2010, VeriFone proposed to acquire all of the outstanding common shares for $5.25 per share in ... (Source: Yahoo Finance 2010-10-04T07:08:52Z)

Sunrise Senior Living sells interest in 58 properties to Ventas

McLean-based Sunrise will net $41.5 million on the sale to Ventas, a Chicago health-care real estate investment trust. The transaction comes as the company seeks to right itself after a series of poor investments and heavy debt pushed it to the brink of ... (Source: Washington Post 2010-10-05T02:49:59Z)

MNF Pats Vs. Fins: Woodhead, Chung Overwhelmed Dolphins In South Beach

MIAMI - The New England Patriots now share the top of the AFC East with the New York Jets after an impressive victory over the Miami Dolphins 41-14 in South Beach. New England put out a record-breaking performance; the Patriots are now the only team in NFL ... (Source: Bleacherreport.com 2010-10-05T04:08:43Z)

Patriots win 41-14 with special teams, defense

MIAMI – Patrick Chung blocked two kicks and returned an interception for a touchdown, and the New England Patriots scored twice on special teams to beat the hapless Miami Dolphins 41-14 Monday night. Tom Brady threw for only 153 yards, and Randy Moss was ... (Source: Cincinnati.com 2010-10-05T03:47:15Z)

LBO Firms Leave Backers in Lurch in Secondary Buyouts

(Updates to add executive's comment in 19th paragraph.) Oct. 4 (Bloomberg) -- What happens when a private equity firm sells a company it owns to another private equity firm? While the managers of the sale collect a fee and a profit, some of their ... (Source: BusinessWeek 2010-10-04T12:23:50Z)

Secondary Deals Hide Buyout Shops' Shuffle

Cinven reaped a 70 percent return on its investment by selling German academic publisher Springer Science+Business Media in December. ATP , one of the private equity firm's backers, isn't sure what it's made, Bloomberg News reports. The Danish ... (Source: New York Times Blogs 2010-10-04T09:53:30Z)

Sanofi-Aventis launches $18.5 billion hostile takeover offer for Genzyme Corp

France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture the U.S. biotech company's promising drugs for high cholesterol and lucrative treatments for rare genetic disorders. At ... (Source: New York Daily News 2010-10-04T19:11:51Z)

First Westin in Phoenix slated for March opening

WHITE PLAINS, N.Y. -- Starwood Hotels & Resorts Worldwide will open its first Westin hotel in Phoenix in March. The 242-room Westin Phoenix Downtown is located one block from the Phoenix Convention Center. The Westin Phoenix Downtown will occupy nine ... (Source: Hotel World Network 2010-10-04T15:08:28Z)

Flames blank Oilers 1-0, finish preseason 7-0

(AP) — Miikka Kiprusoff made 27 saves and Alex Tanguay scored the lone goal and the Calgary Flames earned a 1-0 over the Edmonton Oilers on Sunday night to finish 7-0 in the preseason. Calgary is the only NHL team to finish the preseason without a loss ... (Source: Newsday 2010-10-04T03:12:38Z)

Rights leader: More Cuban prisoners to go free

A Cuban human rights leader on Monday revealed the names of nine inmates apparently offered early release by the government in exchange for accepting exile, including some convicted of violent crimes such as hijacking, assault and piracy. During formal ... (Source: AP - msnbc.com 2010-10-04T15:22:47Z)

Saudi Arabia supports Jordan's bid for free trade deal with Persian Gulf nations

AMMAN, JORDAN — Saudi Arabia says it will support Jordan's bid to sign a free trade agreement with the six nations that make up the Gulf Cooperation Council. Oil-rich Saudi Arabia made the promise after two days of talks between officials from the two ... (Source: San Francisco Examiner 2010-10-04T15:51:25Z)

Flames 1, Oilers 0

CALGARY, Alberta -- Miikka Kiprusoff made 27 saves and Alex Tanguay scored the lone goal and the Calgary Flames earned a 1-0 over the Edmonton Oilers on Sunday night to finish 7-0 in the preseason. Calgary is the only NHL team to finish the preseason ... (Source: ESPN.com 2010-10-04T02:58:19Z)

Westin Hotels is Poised to Debut in Phoenix, Arizona

WHITE PLAINS, N.Y. - (Business Wire) Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to open its first Westin hotel in Phoenix, Arizona in February 2011. The Westin Phoenix Downtown will offer a prime location just one block ... (Source: Earthtimes 2010-10-04T12:59:37Z)

NHL Game Summary - Edmonton at Calgary

Calgary, AB (Sports Network) - Alex Tanguay scored the lone goal as the Calgary Flames downed the Edmonton Oilers, 1-0, in the preseason finale for both teams. Miikka Kiprusoff stopped all 27 shots he faced for the Flames, while Edmonton netminder Devan ... (Source: WLTX.com 2010-10-04T03:05:29Z)

VeriFone takes 80% stake in Italy's ABS

VeriFone Systems Inc. said Monday it had acquired an 80 percent ownership of All Business Solutions. San Jose-based VeriFone (NYSE:PAY) did not disclose financial terms of the deal. The majority stake in All Business, which is based in Italy, was acquired ... (Source: San Jose Business Journal 2010-10-04T13:06:46Z)

The Westin Phoenix Downtown Opens Early Next Year

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to open its first Westin hotel in Phoenix, Arizona in February 2011. The Westin Phoenix Downtown will offer a prime location just one block from the Phoenix Convention Center, the ... (Source: Hotel Interactive Network 2010-10-04T15:22:47Z)

A day after season, 3 big league managers fired

The New York Mets , Milwaukee and Pittsburgh gave their managers the boot Monday, firing them after disappointing seasons with underperforming teams. The mediocre Mets got rid of manager Jerry Manuel along with general manager Omar Minaya after the team's ... (Source: FOXSports.com 2010-10-04T22:10:48Z)

Five keys for each playoff contender

For each of the eight teams that have gained entrance into baseball's October party headquarters, there are several keys that can unlock the door to postseason success. It could be how the Rays need to keep on running -- or how the Rangers need to stop ... (Source: New York Mets 2010-10-04T16:41:31Z)

Special teams lift Patriots to rout of Dolphins

MIAMI GARDENS, Fla. – In a surprising turn of events, it was not the New England Patriots' offense that was largely responsible for their 41-14 Monday Night Football win over the Miami Dolphins. It was their special teams. And Rob Ninkovich. Patrick ... (Source: Boston Globe 2010-10-05T04:08:43Z)

Windows 7 Discounts Go Live - $149.99 Family Pack Available

With the one year anniversary of Windows 7 just around the corner, Microsoft has kicked off the celebration by bringing back one of the special offerings which accompanied the launch of the operating system in 2009. With the Family Pack package , customers ... (Source: Softpedia 2010-10-04T07:01:42Z)

Sunrise Senior Living Enters into Purchase and Sale Agreement with Ventas for $41.5 Million

MCLEAN, Va. , Oct. 4 -- Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that the Company and certain of its affiliates have entered into purchase and sale agreements with Ventas, Inc. and certain of its affiliates to sell to Ventas all of Sunrise's ... (Source: Earthtimes 2010-10-04T10:57:56Z)

Sanofi's Genzyme Bid Turns Hostile

French pharmaceutical giant Sanofi-Aventis S.A. launched an $18.5 billion hostile takeover bid for Genzyme Corp., hoping to pressure the U.S. biotech firm to strike a deal after four months of fruitless efforts to bring it to the negotiating table. Sanofi ... (Source: Wall Street Journal 2010-10-05T00:05:20Z)

Exile deal on offer to criminals

Cuba's government has asked prisoners jailed for crimes against the state if they would be willing to accept freedom in return for quitting the island and going into exile. Around a dozen have been made the offer, the head of the Cuban Commission on Human ... (Source: Morning Star 2010-10-04T17:31:38Z)

Sunrise To Spin-off JV Interests For About $41.5 Mln To Ventas

(RTTNews) - Sunrise Senior Living Inc.(SRZ: News ) Monday said that the company and certain of its affiliates agreed to sell Ventas all of Sunrise's joint venture interests in nine limited liability companies in the U.S. and two limited partnerships in ... (Source: RTT News 2010-10-04T12:45:18Z)

Hypercom rejects VeriFone $337M offer

Hypercom Corp. said Thursday its directors unanimously rejected a $337 million takeover proposal from larger rival VeriFone Systems Inc. to buy the company for $5.25 per share in cash. Scottsdale, Ariz.-based Hypercom (NYSE:HYC) is a high-security ... (Source: San Jose Business Journal 2010-09-30T13:18:41Z)

LBO Firms Profit From 'Pass-the-Parcel' Deals

(Corrects conversion in 12th paragraph.) Oct. 4 (Bloomberg) -- Cinven Ltd. reaped a 70 percent return on its investment by selling German academic publisher Springer Science+Business Media GmbH in December. ATP, one of the private equity firm's backers ... (Source: BusinessWeek 2010-10-04T00:35:09Z)

No Shariah Law for Breaking Deals Gets Review: Islamic Finance

Oct. 4 (Bloomberg) -- The leading global Islamic Finance accounting regulator is introducing conditions for contracts that comply with religious laws, seeking to standardize an industry with $1 trillion in assets under management. The Bahrain-based ... (Source: BusinessWeek 2010-10-04T08:41:55Z)

Daily Playoff Pitch: Rangers clinch AL West; NL race still active

Down the stretch they go. With one week to go in the regular season, all eyes are on the National League race. It's pretty much a three-team race between between the Giants, Padres and Braves. And only two spots remain. The Giants or the Padres will get ... (Source: USA Today 2010-09-26T13:44:54Z)

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