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Wednesday, June 14, 2006

New York Times DealBook Digest 6/14/2005

Stocks: (VSE)(GS)(TRB)(AXA)(CSR)(MIK)(XRX)

DealBooks says that double-digit gains in VeraSun may be good news for other ethanol IPOs in the future.

DealBook also writes that Goldman Sachs is leading the group taking over Associated British Ports but other bids may emerge.

DealBook notes that the Chandler family, one of the large owners of the Tribune company wants to split the company in two with broadcasting and newspapers becoming separate entities.

DealBook writes that AXA will buy the insurance unit of Credit Suisse, Winterthur. Some analysts were skeptical that the deal would go through.

DealBook also writes that Japanese silicon wafer maker SUMCO will buy competitor Komatsu Electric Metals for $320 million. The combined company will be a larger challenger to industry leader Shin-Etsu Chemical.

DealBook writes that Michaels Stores has announced that it is looking into whether it has an options back-dating problem and its 10-Q will be delayed due to the matter.

DealBook also reports that Xerox is buying Amici LLC, a company that helps customers search legal and other documents. The price is $174 million.

DealBook also writes that British oil services company Expro International is buying U.S. firm Power Well Services for$674.5 million.

DealBook also reports that J Crew has set its public offering at 18.8 million shares priced between $15 and $17.

Douglas A. McIntyre
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