No Preferred Stock Dividend at OKC-Based LSB Industries
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LSB Industries on Monday said its board of directors will not declare a cash dividend on  outstanding shares of publicly held $3.25 convertible exchangeable Class C preferred stock, Series 2.  The preferred stock is traded over-the-counter under the symbol LSBD.
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BEA Systems reiterated on Friday that it would not accept&#160;Oracle&#39;s $17 per share acquisition bid, and also said it would allow&#160;a deadline Oracle had set for Sunday 5 p.m. PDT&#160;to expire.In a public statement -- just the latest salvo in merger talks that have had a distinctly icy quality -- BEA&#39;s vice president of planning and development, William Klein told Oracle President Charles Phillips that the company&#39;s offer was &quot;unacceptable.&quot;&#160;BEA has said it would accept a $21 per share bid.That would result in an $8.3 billion price tag for the company, significantly more than Oracle&#39;s offer, which works out to $6.7 billion. BEA&#39;s stock was trading at about $16.80 per share midday Friday.&quot;As fiduciaries, our Board cannot endorse a proposal that it has concluded significantly undervalues BEA,&quot; Klein said in the statement. &quot;We therefore assume that your proposal will expire on October 28.&quot;An Oracle spokeswoman could not immediately be reached for comment.
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PeopleSoft Inc.'s board of directors said it rejected Oracle Corp.'s $9.2 billion takeover bid Saturday, continuing its staunch resistance a day after the company's own shareholders tendered more than 60 percent of stock to Oracle.
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Oracle rejected BEA Systems' proposed purchase price of $21 per share, calling it "impossibly high" for Oracle or any other company.
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Germany&#39;s Deutsche Boerse said Thursday it has declined to bid for a 31-percent stake in the London Stock Exchange being sold by the US high-tech market Nasdaq.
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Business & money: Shares fall on firmly denied report that investment arm was exposed to failure of German bank.
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The London Stock Exchange today rejected a Â£1.35bn takeover approach from German rival Deutsche BÃ¶rse, but held open the prospect of further talks.
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Oracle has rejected&#160;BEA Systems&#39; proposed purchase price of $21 per share, calling it &quot;impossibly high&quot; for Oracle or any other company to pay.In a letter to BEA&#39;s board dated Oct. 25, Oracle again urged the company to accept its offer of $17 per share, an amount that Oracle said it was &quot;unwilling to increase.&quot;&quot;The $21 per share price is a multiple of nearly eleven times BEA&#39;s last twelve months&#39; reported maintenance revenues,&quot; wrote Oracle President Charles Phillips. &quot;Nobody would seriously consider paying that kind of multiple for a software company with shrinking new license sales.&quot;He noted that Oracle was the only company making an offer for BEA. &quot;Apparently no other companies think that BEA is worth $17 per share, let alone $21 per share,&quot; Philips wrote.Oracle again urged BEA to put its offer to a shareholder vote.&#160;Oracle&#39;s bid of $17 per share&#160;values BEA at about $6.7 billion. A price of $21 per share would value it at $8.3 billion.Oracle said it had an obligation to its own shareholders to &quot;exercise price discipline when evaluating acquisition opportunities.&quot; It reminded BEA of its&#160;deadline of Sunday evening&#160;to accept the offer, after which it will &quot;move on&quot; and consider other acquisitions.Oracle made its surprise bid for BEA on Oct. 12, hoping to strengthen its line of middleware products and grow its customer base. BEA, which had been under pressure from investor Carl Icahn to sell, quickly rejected the offer as too low, and on Thursday came back with its suggested higher price. Oracle&#39;s offer &quot;significantly undervalues BEA&quot; and is not in the best interests of BEA&#39;s shareholders, it said on Thursday.BEA officials weren&#39;t available for comment on Oracle&#39;s latest letter.&#160;
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Lazard's board on Tuesday failed to  decide on a share sale that would end over 150 years of private  ownership at the independent investment bank but most partners  seemed to back the plan, sources close to the matter said.
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AMSTERDAM - ABN Amro's boards will not recommend either of the two rival takeover bids the Dutch bank has received, they told shareholders yesterday.
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MIDLAND, Mich., Dec. 14  /PRNewswire-FirstCall/ -- The Dow Chemical Company , has declared a dividend of 37.5 cents per share, payable January 30, 2007, to shareholders of record on December 29, 2006.  This is the 381st consecutive cash dividend issued by Dow.
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LONDON -- The Nasdaq Stock Market Inc. failed for the second time in a year to win control of the London Stock Exchange PLC, revealing yesterday that its $5.3 billion hostile bid had been spurned by the British bourse's shareholders.
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Preferred stock funds offer great dividends.
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South Korea&#39;s National Pension Service is  interested in buying a majority stake in Korea Exchange Bank  (KEB) from Lone Star, but has had no formal talks with the U.S.  investment firm, a senior fund executive said.
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Dimmer switch on those holiday lights. The board of Delta Air Lines (nyse: DAL - news - people ) gave its OK to use an exception to the New York Stock Exchange&#39;s investor approval policy.
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LONDON: Europeâs top equity market, the London Stock Exchange, has rejected a Â£1.3bil cash bid from Deutsche Boerse to create a dominant European exchange, but held the door open to talks.
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The London Stock Exchange PLC has received and rejected a bid proposal from Germany's main stock exchange, Deutsche Boerse AG , the exchanges said Monday.