Word: biddinger
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Not for everyone. The deal highlights the competition among the cash-rich gulf states for clout and glory. As Dubai was finalizing its plans to buy OMX and trade it for 20% of NASDAQ, Qatar suddenly triggered a potential new bidding war by swooping up a nearly 10% share of...
Indeed, the NASDAQ deal illustrates the sophistication of gulf boardrooms, not to mention a determination to proceed with economic development in spite of the region's political instability. Borse Dubai originally got into a bidding war with NASDAQ over OMX. But when an intermediary suggested that they form a partnership...
Take Ormen Lange, the name of the deep-sea field 75 miles (120 km) from Nyhamna. Hover over the sea above the enormous gas reservoir, and you won't see a rig. Instead, the company overcame underwater peaks, subzero temperatures and powerful currents to build extraction installations directly on the...
This year Zell orchestrated the largest leveraged buyout ever when he sold his Equity Office Properties (EOP) Trust to Blackstone Group for $39 billion in a hotly contested bidding war. He also led the winning $8.2 billion bid to acquire the Tribune Co.--a deal that is yet to close...
Approximate number of parents in China who named their baby after the Beijing Olympic Games. Most of the 3,491 children given the name Aoyun, or Olympics, were born around 2000, when Beijing was bidding to host the event. Others were named after the Five Friendlies, the mascots of the...