Word: consortiums
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...just over $93 billion, with over a third of it offered in cash. That's more than its previous approach - the all-stock bid, agreed with ABN back in April, was worth around $90 billion - but still falls short of the $98 billion offered last week by a consortium of European banks led by Royal Bank of Scotland. That bid, backed by Spain's Santander and Belgian-Dutch group Fortis, is almost all in cash...
...Hedge funds and speculators control a massive chunk of ABN - and pressure from hedge funds for it to increase shareholder value forced ABN into merger talks with Barclays in the first place. They may be keen to hold out for the higher price. "We do not expect the RBS consortium will need to increase its offer, and therefore remains the more likely victor," analysts at Bear, Stearns said in a note published Monday...
...attack than to fall back on pragmatic solutions. The car bomb has been a part of British life longer than the Internet. Since 1970, terrorists of one stripe or another have deployed at least 756 vehicle bombs around the world, according to research conducted for TIME by the National Consortium for the Study of Terrorism and Responses to Terrorism at the University of Maryland. At least 101 appeared in the U.K., many of them planted by the IRA. (From 1998 to 2004, the top car-bomb perpetrator worldwide was ETA, the Basque separatist group; al-Qaeda came in fourth...
...Government officials say that more than 90 civilians died this week as a result of NATO and US operations, part of the 230 that a consortium of aid agencies, including CARE, Save the Children and Mercy Corps, estimate have died since the beginning of the year due to ill-planned military operations. The Agency Coordinating Body for Afghan Relief (ACBAR), which represents nearly 100 Afghan and international humanitarian and development groups, released their scathing report mid week, saying, "We strongly condemn the operations and force protection measures carried out by international military forces in which disproportionate or indiscriminate...
...College does not, however, make the results of this survey public. The data is dissected internally by University Hall and distributed to academic departments. Every four years, one part of the senior survey is shared by the 31 elite colleges in the Consortium on Financing Higher Education (COFHE), which use the results for benchmarking purposes...