Childrens Place Retail Stores, Inc. (NASDAQ: PLCE) is seeing shares surge this morning by some 20% as a Fed Filing shows that former CEO/Chairman Renee Dabah is trying to take his 17.2% stake up to a full buyout at $24.00. With a 52-week trading range of $14.92 to $58.89. you can imagine some holders will be fighting this as a "take-under".
Jerry Yang's email to employees yesterday sure sounded like he was leaving an out for him to accept the Microsoft Corp. (NASDAQ: MSFT) acquisition of Yahoo! (NASDAQ: YHOO). Interestingly enough, Alley Insider has some alternatives in mind for Yang to pursue.
It would be expected that Jeff Bewkes, CEO of Time Warner Inc. (NYSE: TWX) is watching the earnings out of EarthLink Inc. (NASDAQ: ELNK) from this morning and will be watching United Online Inc. (NASDAQ: UNTD) tonight. If the internet access operations of AOL are up for grabs, these may be a source of value determination.
The proposed merger of BHP Billiton (NYSE: BHP) and Rio Tinto plc (NYSE: RTP) just looks like it has too many hurdles to overcome, despite a hiked bid. China and Japan are both against it, and the company would just be too darn big.
IAC/InteractiveCorp. (NASDAQ: IACI) sure sounds like it wants to pursue a total five-way break-up despite outside efforts to unseat Barry Diller as CEO.
Bankrate, Inc. (NASDAQ: RATE) announced two smaller acquisitions when it gave earnings.
Are Delta Air Lines Inc. (NYSE: DAL) and Northwest Airlines Corp. (NYSE: NWA) getting ready to announce merger(s)?
Carl Icahn boosted his stake in Motorola, Inc. (NYSE: MOT) in a filing yesterday. He's going to need more than stock buybacks and a handset unit sale to dress this pig up for prom.
Is Anheuser Busch (NYSE: BUD) about to make a merger with another brewer? You can imagine that regulators will be scrutinizing this one.
Jon Ogg is an editor and partner of 247WallSt.com.
M&A Beat: Thursday, February 7, 2008
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Reader Comments (Page 1 of 1)
2-11-2008 @ 10:31PM
joesmith said...
way to put his wife down as the CEO in the first sentence. bravo. you done it.
-joesmith