| DIB denies bidding for Egypt’s NBD
DUBAI: Dubai Islamic Bank, the third-largest Gulf Arab Islamic lender by market value, denied on Saturday a report it was bidding to acquire Egypts National Bank for Development (NBD).
UAE daily al-Bayan reported Dubai Islamic was among three bidders for the bank. Others were Saudi Arabias National Commercial Bank and a UAE-Gulf consortium, the paper said, quoting unnamed Egyptian banking sources.
The news is totally untrue, a Dubai Islamic Bank official, who asked not to be named, told Reuters, adding the bank was in no way involved in any such deal. Dubai Islamic said in an emailed statement to Reuters the article was incorrect. NBD said in March Egypts central bank had approved an unspecified number of technical offers submitted by banks seeking to acquire it.
CAMEC Starts Bidding War for OmegaCorp
St. LOUIS (ResourceInvestor.com) -- In a bid worth $182.9 million, Central African Mining and Exploration Co., [LSE:CFM] became the second company this year to bid for Australian uranium explorer OmegaCorp Ltd. [ASX:OMC], topping a previous bid from Denison Mines Corp. [TSX:DML]. Since December, Denison Mines has made several bids for the uranium mining company. Denison initially offered to purchase the shares of the company for $135 million. Three months later, Denison increased its bid 4% to $141 million based on A$1.15 per share value that was good until April 13. Since the offer, shares of OmegaCorp Ltd. have jumped to about A$1.40 per share on the Australian Stock Exchange. .
Speeding ticket sold in online auction
It started as a speeding fine on a lonely road, but by the end Bob Grieve was a Trade Me star, $NZ51 ($A45.60) richer and fielding amorous advances from complete strangers. Grieve, a TV3 news cameraman in Christchurch, was peeved when a slightly heavy foot while driving back from Geraldine resulted in a policeman handing him a $NZ130 ($A116) fine. So he did what anyone does these days - he put the ticket up for sale on online auction site Trade Me. "I thought it would be a bit of fun. I didn't really know how it would go, but I figured quite a few people would notice it," he said. Ten days later, his auction had been viewed nearly 30,000 times, questions were being posted faster than he could answer them, and then his ticket was being sold to an insurance assessor from near Pukekohe who vowed to pay for the privilege of having someone else's speeding fine.
UK: Terra Firma Starts Bidding War For Alliance Boots
A 10bn-plus bidding war for Alliance Boots has broken out after financier Guy Hands' Terra Firma consortium trumped the earlier agreed offer by private equity firm KKR and Stefano Pessina.
Hands's private equity firm Terra Firma Investments Ltd., together with medical research charity The Wellcome Trust and HBOS PLChave tabled an indicative proposal at 1,126 pence per share in cash with the Alliance Boots board. However, due to an agreed break fee with KKR and Pessina's investment vehicle AB Acquisitions Ltd., Alliance Boots shareholders will receive 1,115 pence in cash (10.8bn) under this latest offer.
This morning Alliance Boots board of directors recommended an improved 1,090 pence offer from its deputy chairman, Stefano Pessina, and KKR, valuing the group at 10.6bn.
Foreclosure Auctions Increase Substantially in Los Angeles, Miami ...
NEW YORK, April 12, 2007 (PRIME NEWSWIRE) -- PropertyShark.com, the premier real estate data site, announces its quarterly report covering first-time residential foreclosures in New York City, Miami, Seattle, and Los Angeles for the January-March 2007 time period. Four-City Findings (Request report for details): New York City: "The number of new foreclosure auctions in New York City returned to levels seen last year at this time and follows the typical seasonal up-tick after the last quarter of a year. However, the foreclosure levels in Queens are worrisome," stated Ryan Slack, chief executive officer, PropertyShark.com. Los Angeles County Seattle (King County) Miami-Dade County Real estate investors can browse current foreclosure listings for the following areas: Los Angeles Foreclosures: http://www.propertyshark.com/mason/california/Foreclosures/index.html Miami Foreclosures: http://www.propertyshark.com/mason/florida/Foreclosures/index.html New Jersey Foreclosures: http://www.propertyshark.com/mason/nj/Foreclosures/index.html NYC Foreclosures: http://www.propertyshark.com/mason/Foreclosures San Francisco Foreclosures: http://www.propertyshark.com/mason/san_francisco/Foreclosures/index.html Seattle Foreclosures: http://www.propertyshark.com/mason/seattle/Foreclosures/index.html Press may request a copy of the report by contacting Kelly Kreth at KKreth@Krethcommunications.com or 201-417-8691.
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