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Thursday, June 29, 2006

New York Times DealBook Digest 6/29/2006

Stocks: (JCG)(EMC)(RSAS)(KIM)(NXL)(PNP)(ASN)

According to DealBook, Millard Drexler, the CEO of J. Crew, saw his $10 million investment in the company from three years ago grow to $84 million after the recent IPO.

DealBook writes that RSA Security said it was in talks about a strategic transaction, largely believed to be a sale of the company to EMC.

DealBook also writes that Winn-Dixie Stores has submitted a plan to its bankruptcy judge to emerge from Chapter 11. The program would wipe out the value of all shares held by existing shareholders.

DealBook reports that Kimco Realty is considering buying New Plan Excel Realty Trust which is primarily in the shopping center business. Kimco may also be looking at Pan Pacific Retail Properties.

DealBook also reports that Archstone-Smith, an apartment company, is buying Deutsche WohnAnlage which sells residential properties for $649 million.

DealBook writes that online photo sharing site Shutterfly has filed for an IPO. The company plans to raise $92 million.

Douglas A. McIntyre can be reached at douglasamcintyre@gmail.com.
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