Word: bids
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...even as the takeover bid was welcomed by the Northern Rock board and the British government, shareholders small and large indicated they may block Branson's bid, a move that could protract efforts to save this high-profile casualty of the global credit crunch, and cause a full-blown political crisis for Chancellor of the Exchequer-turned-Prime Minister, Gordon Brown, who has already seen his reputation for fiscal prudence damaged by the affair...
...shareholders are unhappy with Branson?s bid, however, it is unclear where they might find a better one. The U.S.-based private-equity firm JC Flowers has also promised to repay billions of pounds of the Bank of England loan upfront, but its proposal offers shareholders only around 1 pence per share. Another investment firm, Olivant, has proposed buying a minority stake while parachuting new management in, a plan that would keep share prices at higher levels. But with the British government having already plunged billions of dollars into the bank, it will want to retain...
...candidates were required to submit 150 student signatures in support of their bid to the Election Commission by 11:59 yesterday. Taylor noted in an e-mail on Tuesday that he would reserve the right to disqualify candidates pending verification of the signatures' validity. Campaigning is set to begin on Nov. 28, with voting running from...
When asked yesterday if he would consider returning to Washington if a Democrat were elected in 2008, Rubin, who has publicly supported Hillary Clinton in her bid for the White House, initially was adamant in saying no—but later revisited the question and retracted his prior statement...
...teetering on the edge of irrelevance. Indeed, it increasingly appears that his multi-billion dollar fortune, which includes ownership of the three biggest private TV channels and numerous publishing holdings, are all that keep him at the center of debate. Eighteen months after narrowly losing his re-election bid to the more conventional Romano Prodi, Berlusconi has not been able to rally enough support among a divided opposition to knock an equally weak and fractured center-left from power...