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 7, 2010, 3:43 am

Marathon Announces Sale of Minnesota Downstream Assets

Marathon Oil Corporation announces that its wholly owned subsidiary Marathon Petroleum Company LP (MPC) has entered into definitive agreements with ACON Investments, LLC (ACON) and TPG Capital, L.P. (TPG) for the sale of most of Marathon's Minnesota ... (Source: Oilvoice.com 2010-10-06T14:44:37Z)

Cogent Systems Pleased with Ruling in Delaware Lawsuit; Cogent Board Reiterates Support for ...

PASADENA, Calif., Oct 06, 2010 (BUSINESS WIRE) -- Cogent, Inc. (Nasdaq:COGT) today announced that on October 5, 2010, the Delaware Chancery Court denied a shareholder motion to block the proposed acquisition of Cogent by 3M Company (NYSE:MMM), concluding ... (Source: CNBC 2010-10-06T09:58:17Z)

Algeria signs 6 Russia deals during Medvedev visit

Algeria and Russia signed six deals Wednesday in sectors including energy and transportation during a visit by Russian President Dmitry Medvedev. The Russian leader, accompanied by a delegation that included Russian business leaders, said after a meeting ... (Source: AP - msnbc.com 2010-10-06T21:04:00Z)

GM putting Cadillac CTS-V wagon in showrooms this year

General Motors Co.'s new Cadillac CTS-V wagon goes on sale later this year with a starting price of $62,990, the automaker said today. The new performance wagon, part of Cadillac's V-series, features a supercharged 6.2-liter V-8 engine delivering 556 ... (Source: Detroit News 2010-10-05T15:28:45Z)

Renault raises euro3 billion (US$4.2B) through sale of stake in Swedish truck maker Volvo

PARIS (AP) - French carmaker Renault says it has raised euro3 billion (US$4.16 billion) selling part of its stake in Swedish truck maker Volvo AB. France's second largest carmaker said in a statement Thursday that it sold Volvo stock representing 14.9 ... (Source: Today Online 2010-10-07T10:04:16Z)

Brazil Stocks Close Lower As Petrobras Sinks, US Data Weighs

RIO DE JANEIRO (Dow Jones)--Brazilian stocks closed lower Wednesday, pulled down by Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, which was downgraded by analysts on shareholder dilution after the oil giant's recent massive share sale ... (Source: Wall Street Journal 2010-10-06T21:39:48Z)

Kratos buying Henry Bros. for $45 million

Weapons and security services provider Kratos Defense & Security Solutions Inc. said Wednesday it is buying Henry Bros. Electronics Inc. for about $45 million in cash. Henry Bros. focuses on national security projects such as command and control systems ... (Source: AP - msnbc.com 2010-10-06T13:40:12Z)

Vanguard Natural Resources Announces Public Offering of Common Units

HOUSTON , Oct. 6 /PRNewswire-FirstCall/ -- Vanguard Natural Resources, LLC (NYSE: VNR - News ) (the "Company") today announced that it has commenced a public offering of 4,150,000 common units representing limited liability company interests in the Company ... (Source: Yahoo Finance 2010-10-06T20:42:32Z)

Cogent stockholders lose bid to block 3M deal

3M Co. Tuesday cleared a hurdle in its effort to buy Cogent Inc., a Pasadena, Calif.-based maker of fingerprint-identification systems, after a judge in Delaware rejected shareholders' challenge to the $943 million deal. Three Cogent shareholders were ... (Source: Minneapolis Star Tribune 2010-10-06T02:05:50Z)

Brazil's Petrobras Says 8th Well Confirms Tupi Potential

SAO PAULO -(Dow Jones)- Brazilian state-run oil firm Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Wednesday that the drilling of an eighth well in the Tupi oil field confirms estimates about the size of presalt oil reserves. The new well ... (Source: FOXBusiness 2010-10-06T22:58:32Z)

Cogent Cleared to Pursue Sale

A Delaware judge has given Cogent Inc. the go-ahead to pursue a $943 million tender offer from 3M Co. that expires tonight. The $10.50 a share bid had been threatened by a larger offer from NEC Corp. Shareholders of Pasadena maker of fingerprint ... (Source: Los Angeles Business Journal 2010-10-06T22:37:04Z)

Zacks Analyst Blog Highlights: UBS AG, Credit Suisse Group, Dr Pepper Snapple Group, The ...

CHICAGO--( BUSINESS WIRE )--Zacks.com Analyst Blog features: UBS AG (NYSE: UBS ), Credit Suisse Group (NYSE: CS ), Dr Pepper Snapple Group Inc. (NYSE: DPS ), The Coca-Cola Company (NYSE: KO ) and Coca-Cola Enterprises (NYSE: CCE ). Get the most recent ... (Source: Business Wire 2010-10-06T06:59:20Z)

Cadillac CTS-V Wagon to be made at Lansing Grand River

General Motors Co. workers at the Lansing Grand River plant soon will be making high-performance versions of the Cadillac CTS Sport Wagon already made at the factory. The CTS-V Wagon will go on sale later this year, said Jennifer Brown, a spokeswoman for ... (Source: Lansing State Journal 2010-10-06T08:46:42Z)

Marathon to sell Minnesota downstream assets

* Assets include 74,000 bpd St. Paul Park refinery (Adds detail about NTR, share price) NEW YORK, Oct 6 (Reuters) - Marathon Oil Corp said on Wednesday it agreed to sell most of its refining and marketing assets in Minnesota to two private equity firms for ... (Source: The Guardian 2010-10-06T19:23:48Z)

BP discussing selling assets in Algeria-minister

ALGIERS, Sept 30 (Reuters) - Oil major BP Plc ( BP.L )( BP.N ) is discussing the sale of its Algerian assets to TNK-BP, the north African country's energy minister said on Thursday. Asked by Reuters on the sidelines of an industry event if Algeria will ... (Source: Reuters 2010-09-30T09:58:15Z)

Vanguard Natural Resources Commences Public Offering Of 4.15 Mln Common Units - Quick Facts

(RTTNews) - Vanguard Natural Resources, LLC (VNR: News ) said on Wednesday that it has started a public offering of 4.15 million common units, representing limited liability company interests in the company. The company has also granted the underwriters a ... (Source: RTT News 2010-10-06T20:35:22Z)

Renault raises €3 billion ($4.2B) through sale of stake in Swedish truck maker Volvo

PARIS - French carmaker Renault says it has raised €3 billion (US$4.16 billion) selling part of its stake in Swedish truck maker Volvo AB. France's second largest carmaker says in a statement Thursday it sold Volvo stock representing 14.9 per cent of the ... (Source: St. John's Telegram 2010-10-07T09:49:57Z)

Petrobras shares lower; Mexico stocks up

LOS ANGELES (MarketWatch) — Brazil's key equity index fell Friday afternoon, dragged largely by a decline in stock in Petroleo Brasileiro SA after the oil company raised nearly $70 billion in the world's largest sale of shares. But Vale SA VALE ... (Source: MENAFN 2010-09-24T19:09:23Z)

Fair Lawn-based Henry Bros. agrees to $45M sale

Electronic systems developer Henry Bros. Electronics Inc. , in Fair Lawn, said Wednesday it entered into a definitive agreement to be acquired for $45 million by Kratos Defense & Security Solutions . Henry provides systems for the defense and homeland ... (Source: NJBIZ 2010-10-07T03:23:24Z)

ADDING MULTIMEDIA The Coca-Cola Company Finalizes Transaction with Coca-Cola Enterprises

ATLANTA - (Business Wire) The Coca-Cola Company (NYSE: KO) today announced that it has completed the acquisition of the North American operations of Coca-Cola Enterprises (NYSE: CCE) and the sale of the Company's Norway and Sweden bottling operations to ... (Source: Earthtimes 2010-10-05T20:07:56Z)

New England Sports Ventures Statement on the Purchase of Liverpool FC

New England Sports Ventures ("NESV") can confirm that their bid for Liverpool FC has been selected by the Club's Board of Directors and agreement has been reached with the Board to purchase the Club. NESV wishes to extend its appreciation to the ... (Source: Bleacherreport.com 2010-10-07T10:25:44Z)

Buick, GMC dealers to get behind wheel

Some 900 Buick and GMC dealers will travel to Detroit this week for an annual business meeting with General Motors Co. leaders. The group will test drive new vehicles at the Milford Proving Grounds and tour the Lansing Delta Township plant, where the GMC ... (Source: Detroit News 2010-10-07T04:06:21Z)

Hodgson hails proposed Liverpool buyout

LONDON (AP) -Liverpool manager Roy Hodgson is delighted the Boston Red Sox owners want to rescue the heavily indebted club, despite a looming court battle by the board to force the club's current owners to sell. A 300 million-pound ($476-million) bid from ... (Source: CNN Sports Illustrated 2010-10-07T09:07:00Z)

Renault raises euro3 billion through sale of stake in Swedish carmaker Volvo

PARIS (AP) - French carmaker Renault says it has raised euro3 billion (US$4.16 billion) selling part of its stake in Swedish automaker Volvo AB. France's second largest carmaker says in a statement Thursday that it sold Volvo stock representing 14.9 ... (Source: Today Online 2010-10-07T10:04:16Z)

Sonatrach, TNK-BP want BP Algeria assets-Russia oilmin

ALGIERS Oct 6 (Reuters) - Russian Prime Minister Vladimir Putin has written to his Algerian counterpart, asking him to approve the sale of BP's Algeria assets to TNK-BP ( TNBPI.RTS ), TNK-BP Deputy CEO Maxim Barsky said on Wednesday. Barsky also said BP's ... (Source: Reuters India 2010-10-06T14:01:40Z)

Coca-Cola Co. Closes Acquisition Of Coca-Cola Enterprises' North American Operations - Update

(RTTNews) - The Coca-Cola Company (KO: News ) on Tuesday announced that it has completed the acquisition of the North American operations of Coca-Cola Enterprises (CCE: News ) and the sale of the company's Norway and Sweden bottling operations to CCE. This ... (Source: RTT News 2010-10-06T03:03:06Z)

San Diego security firm buys Fair Lawn-based Henry Bros. for $45 million

A San Diego weapons and security supplier has acquired Fair Lawn-based Henry Bros. Electronics, Inc., which creates electronic security systems, for $45 million in cash. Kratos Defense and Security Solutions bought the 60-year-old Bergen County company for ... (Source: NorthJersey.com 2010-10-06T21:54:07Z)

ACON, TPG to purchase Marathon?s Minnesota downstream assets valued at $900MM

ACON Investments and TPG Capital announced that they have signed definitive agreements with Marathon Oil Corporation's wholly owned subsidiary Marathon Petroleum Company LP (MPC) to acquire the majority of Marathon's Minnesota downstream assets. TPG ... (Source: PennEnergy 2010-10-06T17:57:54Z)

Liverpool agrees on sale to Red Sox owners

MANCHESTER, England (Reuters) - The Liverpool board has agreed to sell the club to the owners of baseball's Boston Red Sox but the fate of England's most successful side could yet be decided in the courts as a bitter ownership dispute rages on. The English ... (Source: Reuters 2010-10-07T06:58:09Z)

Exelon Generation Announces $900 Mln Bond Sale - Quick Facts

(RTTNews) - Exelon Generation Co. LLC said it has agreed to sell $550 million of Senior Notes maturing on October 1, 2020, with a coupon of 4.00%, and $350 million of Senior Notes maturing on October 1, 2041, with a coupon of 5.75%. The company stated that ... (Source: RTT News 2010-09-27T21:43:19Z)

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