Word: bidness
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...says Richard Lambert, director general of British business lobby group the cbi. Likewise, London is building on an already leading stake in international bank lending and over-the-counter derivatives, and foreign equity trading. Attention-getting statistics like that helped motivate nasdaq to launch a $5.3 billion hostile takeover bid for the lse in November. In a high-drama war that's playing out in the British newspapers, the lse has consistently and indignantly rebuffed the approach...
...more than doubled to $253 million, and the volume and value of shares traded on the exchange's markets hit all-time highs last year. With its own share price more than tripling in the last three years to around $25.4, lse's board swatted away nasdaq's bid of $24.4 a share as "wholly inadequate." nasdaq which has already built up a 28.8% stake in lse, has until Feb. 10 to persuade the lse's shareholders otherwise...
...history - the lse has knocked back offers from rival European operators like Deutsche Börse and Australian investment bank Macquarie. By "flushing out suitors and garnering shareholder support," says Richard Hunter, London-based head of U.K. equities at Hargreaves Lansdown Stockbrokers, Furse and the management "have played the bid game very well indeed." But the laws of capitalism dictate that the lse must have its price, and a handsome bid could yet win the day. That is, if it isn't preparing to go on an acquisition tear of its own. Don't rule out the exchange "becoming...
...from the Dead and Went to Caroline Kennedy's Wedding," by Aristotle Onassis. National Lampoon's parent company, curiously known as National Lampoon Inc., lost $750,000 last year. That makes it remarkable that the firm has become a takeover target. In the past two weeks three suitors have bid up to $11. 3 million...
...707s to carry Christmas gifts to American prisoners of war in North Viet Nam. The Communists did not cooperate, but Perot's reputation as a quixotic adventurer was born. The same year, he sent 152 spouses and children of missing servicemen to the Paris peace talks in a failed bid to parley with North Vietnamese negotiators. Starting in 1971, Perot launched a rescue bid on Wall Street by buying two failing brokerages and sinking $100 million into their revival. That effort failed in 1974. Perot, said a Dallas business associate, "enjoys a nightmare situation...