New York Times Dealbook Digest 6/26/2006
Stocks: (GE)(XMSR)(SIRI)(WSTC)(PD)(FAL)(N)(KRI)(MNI)(JNJ)(IP)
According to DealBook, the CEO of Sirius mentioned at a media conference that he would have an interest in owning XM Satellite Radio Antitrust regulations would make such a deal extremely difficult.
DealBook writes that a $4.1 billion deal to take West Corp. private is being criticized by several minority shareholders according to regulatory filings. The deal has the support of the founders of the company and would involve Thomas H. Lee Partners and Quadrangle Group. The company runs call centers.
DealBook writes that Gammon Lake Resouces, a Canadian mineral company with properties in Mexico, will take over MexGold Resources for $358 million.
DealBooks also reports that the Phelps Dodge $40 billion bid for Falconbridge and Inco is a huge bet that the price of metal commodities will continue to rise. Without a rising metals market, justifying the price of the acquisitions is much more difficult.
DealBook also reports that Lion Capital, a private equity firm, is buying American Safety Razor for $625 million. The company is the largest firm in the private label razor business.
DealBook also reports that the 12 Knight-Ridder papers that acquiring company McClatchy has sold brought in a total of $2.1 billion. McClatchy paid $4.5 billion for Knight-Ridder and will retain the rest of the company's operations.
DealBook reports that Wall St. analysts have mixed views of the Johnson & Johnson purchase of Pfizer's consumer unit for $16.6 billion. UBS commented that the deal was good for JNJ given increased regulation of reimbursement of the cost of its medical devices. But, Prudential commented that the price JNJ paid was too high given that the margins of the Pfizer unit are below JNJ's corporate margins.
DealBook reports that a unit of GE will buy six senior housing portfolios worth $1.4 billion from Formation Capital.
DealBook says that International Paper will sell its kraft papers division to Stone Arcade Acquisition for $115 million and two contingent payments totalling up to another $60 million.
DealBooks also reports that Italyian insurer Generali plans to buy rival Toro Assicurazioni for $4.8 billion.
DealBook also writes that Holcim, a Swiss building materials company will buy Meyer Material Company, a cement maker, for $231 million.
Douglas A. McIntyre
According to DealBook, the CEO of Sirius mentioned at a media conference that he would have an interest in owning XM Satellite Radio Antitrust regulations would make such a deal extremely difficult.
DealBook writes that a $4.1 billion deal to take West Corp. private is being criticized by several minority shareholders according to regulatory filings. The deal has the support of the founders of the company and would involve Thomas H. Lee Partners and Quadrangle Group. The company runs call centers.
DealBook writes that Gammon Lake Resouces, a Canadian mineral company with properties in Mexico, will take over MexGold Resources for $358 million.
DealBooks also reports that the Phelps Dodge $40 billion bid for Falconbridge and Inco is a huge bet that the price of metal commodities will continue to rise. Without a rising metals market, justifying the price of the acquisitions is much more difficult.
DealBook also reports that Lion Capital, a private equity firm, is buying American Safety Razor for $625 million. The company is the largest firm in the private label razor business.
DealBook also reports that the 12 Knight-Ridder papers that acquiring company McClatchy has sold brought in a total of $2.1 billion. McClatchy paid $4.5 billion for Knight-Ridder and will retain the rest of the company's operations.
DealBook reports that Wall St. analysts have mixed views of the Johnson & Johnson purchase of Pfizer's consumer unit for $16.6 billion. UBS commented that the deal was good for JNJ given increased regulation of reimbursement of the cost of its medical devices. But, Prudential commented that the price JNJ paid was too high given that the margins of the Pfizer unit are below JNJ's corporate margins.
DealBook reports that a unit of GE will buy six senior housing portfolios worth $1.4 billion from Formation Capital.
DealBook says that International Paper will sell its kraft papers division to Stone Arcade Acquisition for $115 million and two contingent payments totalling up to another $60 million.
DealBooks also reports that Italyian insurer Generali plans to buy rival Toro Assicurazioni for $4.8 billion.
DealBook also writes that Holcim, a Swiss building materials company will buy Meyer Material Company, a cement maker, for $231 million.
Douglas A. McIntyre
posted by douglas mcintyre at 5:48 PM
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