Newspaper wrap-up 3-20-07: Take-Two, Claire's, Palm all in play?
Posted Mar 20th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Home Depot (HD), Nokia Corp. (NOK), FedEx Corp (FDX), Palm Inc (PALM)
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MAJOR PAPERS:
- According to the Wall Street Journal, Take-Two Interactive Software's (NASDAQ: TTWO) announcement that it is considering a sale is being considered a "ploy" by the company to hold off a shareholder revolt, according to analysts.
- The Wall Street Journal reported that Deutsche Bank AG (NYSE: DB) has agreed to buy Maher Terminals, the owner of the largest container operation at the Port of New York and New Jersey.
- The Financial Times reported that FedEx Corporation (NYSE: FDX) will launch guaranteed next day deliveries within China beginning in May.
OTHER PAPERS:
- The New York Post is reporting that Apollo Management is near a deal to acquire Claire's Stores Inc (NYSE: CLE) for $3B, according to sources familiar with the situation.
- The New York Times reported that two Home Depot Inc (NYSE: HD) directors will not seek re-election at the company's annual meeting in May.
- Investor's Business Daily's "New Issue America" column highlighted ETelecare Global Solutions (which will trade under the symbol ETEL on the NASDAQ), which is expected to price the week of March 26 with an offering price of $12.50-$14.50.
WEBSITES:
- A Palm Inc (NASDAQ: PALM) buyout could be finalized by Thursday at $20 a share, with Nokia Corporation (NYSE: NOK) as the leading bidder, reported Unstrung.com.
- CNet.com reported that Google Inc (NASDAQ: GOOG) will offer themes for its personalized homepages.
Tags: claire's, cle, cnet, db, deutsche bank, DeutscheBank, etel, etelecare, fdx, fed ex, FedEx, financial times, FinancialTimes, ft, goog, google, hd, home depot, HomeDepot, ibd, investor's business daily, Investor'sBusinessDaily, investors business daily, InvestorsBusinessDaily, newspaper, nok, nokia, ny post, ny times, NyPost, NyTimes, palm, paper, periodical, take two, take-two, TakeTwo, ttwo, unstrung, wall street journal, WallStreetJournal, wsj
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Reader Comments (Page 1 of 1)
3-20-2007 @ 3:52PM
Sramana Mitra said...
I am surprised that Dell isn't bidding:
http://www.sramanamitra.com/blog/642