Newspaper wrap-up 7-19-07: Foot Locker may put itself up for sale again
Posted Jul 19th 2007 9:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Wal-Mart (WMT), Ford Motor (F), Citigroup Inc. (C), Lehman Br Holdings (LEH)
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MAJOR PAPERS:
OTHER PAPERS:
- The New York Times reported that Ford Motor Company (NYSE: F) is expected to receive opening bids today for its Jaguar and Land Rover units. A variety of companies, including private equity firms and possibly other automakers, are expected to bid for the two divisions, said people with direct knowledge of the situation.
- Retail shoe store chain Foot Locker Inc (NYSE: FL) is reportedly considering putting itself up for sale again, after disappointing sales by its U.S. shoe stores and its failed attempt to acquire rival Genesco Inc (NYSE: GCO), reported the New York Post.
- The Telegraph reported that Wal-Mart Stores Inc (NYSE: WMT) is examining a deal to invest in Beijing Hualian, one of China's biggest retail groups.
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