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Newspaper wrap-up 7-09-07: Apollo raises offer for Huntsman

Posted Jul 9th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Sprint Nextel Corp (S), Comcast Cl'A' (CMCSA), News Corp'B' (NWS), Dow Jones and Co (DJ)

MAJOR PAPERS:

The Wall Street Journal (subscription required) reported that Sprint Nextel Corporation (NYSE: S) is disconnecting about 1,000 customers who have been calling customer service "excessively."
According to the Wall Street Journal, Apollo Management has raised its offer for Huntsman Corporation (NYSE: HUN) to $28 a share, valuing Huntsman at $6.5B.
The Financial Times (subscription required) reported that Moody's Corporation (NYSE: MCO), the credit rating agency, will issue a report today criticizing the private equity industry's increasing use of debt to buy companies.
The Financial Times reported that Dow Jones and Company's (NYSE: DJ) board is reportedly making a final attempt to find a rival bidder for the company to compete with News Corporation (NYSE: NWS), contacting billionaire Ron Burkle.

OTHER PAPERS:

Virgin Media Inc's (NASDAQ: VMED) bankers have contacted ComCast Corp (NASDAQ: CMCSA) and DirecTV Group Inc (NYSE: DTV) to help "kick-start' an auction for the company, reported The Mail on Sunday.
The New York Post reported, citing sources, that theme park operator Cedar Fair Entertainment (NYSE: FUN) has contacted private equity firms about the possibility of acquiring the company.

Tags: apollo, cedar fair, CedarFair, cmcsa, cmcsk, comcast, directv, dj, dow jones, DowJones, dtv, financial times, FinancialTimes, ft, fun, hun, huntsman, mail on sunday, MailOnSunday, mco, moody's, moodys, new york post, news corp, NewsCorp, newspaper, NewYorkPost, nextel, nws, nws.a, ny post, NyPost, paper, periodical, ron burkle, RonBurkle, s, sprint, virgin media, VirginMedia, vmed, wall street journal, WallStreetJournal, wsj

Indexes	Change	Price
DJIA	-89.23	12,801.23
NASDAQ	-23.35	2,903.88
S&P 500	-9.31	1,342.64

Last updated: February 13, 2012: 03:15 AM

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