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CA-BUSINESS Summary
Published December 4, 2008, 8:20 pm, The Globe and Mail
NEW YORK/TORONTO (Reuters) - Some of the private equity buyers of BCE Inc , Canada's biggest telecom company, are floating an alternative deal to the C$34.8 billion ($28.3 billion) leveraged buyout that was put in jeopardy a week ago, a source familiar with the situation said.
Wearing Shorts in an Economic Winter
Published December 4, 2008, 8:02 pm, GoldSeek.com
I was thrilled to see that Tirex Resources Ltd. is "accepting submissions for its 'Golden Slogan' contest. The entrant who submits the best 'Golden Slogan' for Tirex will be awarded 5 ounces of gold.
Newspaper talks in November gave hint sale was coming
Published December 4, 2008, 7:55 pm, Rocky Mountain News
Thursday's announcement by Scripps about the potential sale of the Rocky Mountain News caught MediaNews CEO Dean Singleton off guard, but negotiations between the two companies foreshadowed it, Singleton and Scripps executives say.
Buyers said to consider scrapping Bell Canada deal
Published December 4, 2008, 6:44 pm, International Herald Tribune
Some of the proposed buyers have offered to scrap their troubled $50 billion takeover of the company, instead taking a minority stake, people briefed on the matter said Thursday.
BCE suitors may settle for minority stake
Published December 4, 2008, 5:57 pm, Global TV National
The buyout group that had sought to privatize BCE Inc. now wants to replace their fragile $52-billion takeover with a proposal that would give the acquirers a minority stake in the Canadian telecommunications giant.
(AFX UK Focus) 2008-12-05 00:55 UPDATE 1-US files new fraud charges against ex-Refco lawyer
Published December 4, 2008, 5:18 pm, Interactive Investor
NEW YORK, Dec 4 (Reuters) - An ex lawyer for collapsed commodities broker Refco Finance Holdings LLC was indicted on additional charges on Thursday for efforts to fraudulently obtain hundreds of millions in revolving lines of credit from a group of banks, U.S. prosecutors said. They said Joseph Collins, 58, of Winnetka, Illinois, as its longtime outside counsel, helped Refco management conceal ...
(AFX UK Focus) 2008-12-05 00:21 UPDATE 1-Freescale opts to make PIK interest payment on debt
Published December 4, 2008, 4:48 pm, Interactive Investor
By Emily Chasan
UPDATE 1-Freescale opts to make PIK interest payment on debt
Published December 4, 2008, 4:37 pm, The Forex Market
NEW YORK, Dec 4 (Reuters) - Chipmaker Freescale Semiconductor Inc said on Thursday it will use its payment-in- kind option to make an interest payment on its debt next year, taking advantage of one of the debt relief tools offered by lenders in the height of the private-equity boom.
BCE’s Buyers Said to Propose Alternative to Takeover (Update1)
Published December 4, 2008, 4:11 pm, Bloomberg
Dec. 4 (Bloomberg) -- The private-equity firms that agreed to buy BCE Inc. for C$52 billion ($42 billion) may instead seek to acquire a minority stake in the Canadian phone company, according to two people with knowledge of the plan.
Washington REIT Closes on $181M D.C. Acquisition
Published December 4, 2008, 3:25 pm, Commercial Property News
Nearly six months after announcing a pending agreement, Washington Real Estate Investment Trust has closed on the acquisition of 2445 M Street, a Class A, nine-story, 290,000-square-foot office building in Washington, D.C., for $181.4 million.
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