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Thursday, July 06, 2006

New York Times DealBook Digest 7/6/2006

Stocks: (CME)(PGL)(WPS)(MIK)(DPZ)(PZZA)(BKS)(BGP)(OMX)

According to New York Times DealBook, the shares of the Chicago Mercantile Exchange have risen from $35 in 2002 to an all-time high of over $507 recently. With its stock price at this level, there is speculation that the Merc may try to acquire the Toronto Stock Exchange or Deutsche Boerse. The Merc now has a market cap of over $17 billion.

DealBook writes that WPS Resources and Peoples Energy have confirms that they are in talks about combining the two utilities. Peoples Energy's stock has risen almost 9% on news of the conversations and the company now has a market cap of $1.5 billion.

DealBook says that private equity competition for Michaels Stores has heated up interest in the sector. Quoting BusinessWeek. potential targets for the equity firms could include Domino's, Papa Johns, Barnes & Noble, Borders and OfficeMax.

DealBook says that the SEC is considering action against three directors of Mercury Interactive. The company was one of the first to be involved in the stock options pricing scandal.

Douglas A. McIntyre
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