Word: auction
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Dates: during 2000-2009
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...take over the government's 10.9% stake in Crédit Lyonnais. But talks bogged down. In November, when Agricole ceo Jean Laurent (pictured) tried to haggle the government's final offer of €44 per share down to €42, the Finance Ministry lost patience and called an auction. France's biggest bank, BNP Paribas, gobbled up the stake for €58 per share. Agricole realized it goofed, replaced its chairman and bid €56 per share in cash and stock for the whole bank, valuing once-moribund Crédit Lyonnais at €19.5 billion. Laurent remains...
...highest bid at a Sotheby's Auction for a hand-written, 93-word outline by author J.K. Rowling that provides a glimpse of the fifth installment of the Harry Potter books...
Taking on that establishment is John McMahon, 47, CEO of IE-Engine, a sourcing-software specialist who once worked for auction-technology firm Ariba and networking giant Cisco Systems. His year-old start-up counts as customers Dow Chemical, Ford, Lucent, Owens Corning and Staples. "The fact that these creme de la creme companies have signed up validates the idea," says Lou Volpe, 52, a partner at Kodiak Ventures, which has invested $6 million in IE-Engine...
...bargain amount paid at a bankruptcy auction for Enron's "Crooked E," a sign that used to mark the disgraced company's headquarters; two other E's went for $15,000 and $45,000 earlier this year...
...bidding page got thousands of hits, and one (eventually withdrawn) bid of $212,000. But then, aided by the Dartmouth athletic department, some astute chap at eBay figured out that the team wasn’t the swimmer’s boyfriend’s to sell. End of auction...