Penske terminates talks with GM to acquire Saturn brand on uncertain future.September 30th, 2009 Penske ends talks with GM to acquire SaturnDETROIT — Penske Automotive Group Inc. says it has ended talks with General Motors Corp.
Disney to acquire Marvel Entertainment for $4 billion in cash and stockAugust 31st, 2009 Disney to acquire Marvel for $4 billionLOS ANGELES — The Walt Disney Co. says it is acquiring Marvel Entertainment Inc.
Meritage Homes names private equity firm president Dana Bradford as a directorAugust 14th, 2009 Meritage Homes names Dana Bradford as a directorSCOTTSDALE, Ariz. — Homebuilder Meritage Homes Corp.
Ga. police arrest woman they say was operating illegal strip club in her basement, garageJuly 29th, 2009 Woman accused of running strip club in basementLAWRENCEVILLE, Ga. — Police investigating a noise complaint in arrested a 28-year-old woman they said was operating an illegal strip club in her basement and garage.
Newspaper: Vornado Realty Trust seeks investors to buy real estate at 'distressed' pricesJuly 7th, 2009 Report: Vornado mulls creating private equity fundCHICAGO — Office landlord Vornado Realty Trust is hoping to launch its own private equity fund to buy bargain-basement properties, according to a report published Tuesday. The Paramus, N.J., company is meeting with investors, hoping to raise $1 billion for its venture, tentatively called Vornado Capital Partners LP, according to The Wall Street Journal.
Judge approves Syms and Vornado's $62.4 million bid for Filene's BasementJune 18th, 2009 Judge approves bid for Filene's BasementNEW YORK — A judge on Wednesday approved Syms Corp. and Vornado Realty Trust's bid for discount chain Filene's Basement Inc., opened a century ago as the discount section of the New England department store chain Filene's.
Danvers Bancorp in Mass. to acquire Beverly National Corp. in $62 million dealJune 17th, 2009 2 Mass. banks combine in $62 million dealDANVERS, Mass. — Two banks on the North Shore of Boston are combining.
Filene's Basement bankruptcy auction reopening after rivals contest apparent winning bidJune 11th, 2009 Auction reopening for Filene's BasementNEW YORK — Filene's Basement is reopening an auction to sell itself to the highest bidder after prematurely declaring a Men's Wearhouse affiliate the winner. Filene's Basement, the discount retailer that is operating under Chapter 11 bankruptcy protection, had announced on Sunday that an affiliate of Men's Wearhouse had won with a $67 million bid in an auction last week.
Men's Wearhouse affiliate wins bankruptcy auction for Filene's Basement with $67 million bidJune 9th, 2009 Men's Wearhouse unit wins Filene's Basement bidNEW YORK — An affiliate of Men's Wearhouse won a bankruptcy auction to buy the Filene's Basement chain for $67 million and plans to keep operating most existing stores. The sale prevents the demise of a retailer well-known for brand-name discounts and its famous "Running of the Brides" annual wedding dress sale.
Houston-based Men's Wearhouse wins bid to buy Filene's Basement chain at auctionJune 6th, 2009 Texas co. buys Filene's Basement at bankruptcy bidBOSTON — An affiliate of the Houston-based Men's Wearhouse was the successful bidder for the 100-year-old Filene's Basement chain after bidding $67 million for the off-price retailer at a bankruptcy auction. The K&G Acquisition Corp.
Filene's Basement files for Ch. 11 bankruptcy reorganization, Crown may buy some storesMay 4th, 2009 Filene's Basement files for Ch. 11 reorganizationWILMINGTON, Del.
Filene's Basement files for Ch. 11 bankruptcy protection, Crown may buy some storesMay 4th, 2009 Filene's Basement files for Ch. 11 protectionWILMINGTON, Del.
REIT Vornado Realty projects lower 1st-qtr funds from operations; higher revenueApril 22nd, 2009 Vornado Realty expects lower 1Q FFOPARAMUS, N.J. — Vornado Realty Trust, which operates office and retail properties, estimates it will post lower funds from operations in the first quarter, but higher revenue.
REIT Vornado starts public offering of 15 million shares at $43 a shareApril 22nd, 2009 Vornado Realty begins public stock offeringPARAMUS, N.J. — Real estate investment trust Vornado Realty Trust, which operates office and retail properties, said Wednesday it began a public offering of 15 million common shares priced at $43 a share.
Reliance Money Express to acquire British money changerMarch 14th, 2009 MUMBAI - Reliance Money Express (RME), the cash transfer arm of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday said it will acquire controlling stake in Britain-based money changer No1 Currency. 'While looking for opportunities to widen our services internationally, we found that No1 Currency offered a strong proposition both in terms of synergy and added value,' said RME director and chief executive Sudip Bandyopadhyay.
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