MCI Hires Advisers For Likely Sale Bid
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Just five months after emerging from bankruptcy protection, the telecommunications giant retains investment and legal advisers to solicit potential buyers, sources say.-TheWashington Post
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Business & money: Deal could trigger takeover bid for seller Whitbread.
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Virgin Group and up to two other bidders are expected to meet a Monday deadline for Northern Rock offers.
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James Crosby, chief executive of HBOS, has hired a team of 30 integration experts from KPMG&#39;s transaction services arm to try to make the numbers work for a potential Â£10bn bid for Abbey National.
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U.S.-based Fortress Investment Group Llc  has joined the pack of potential bidders for British music firm EMI Group Plc , The Sunday Telegraph reported, citing people familiar with the situation.
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The move by the consortium of banks, which is led by the Royal Bank of Scotland Group, is intended to help it prevail in a bidding war with Barclays.
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The California department store operator might look interesting to acquirers.
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Newspaper: electronic trading operator hires UBS to advise it on possible sale that could fetch $2B. NEW YORK  - Instinet Group Inc.
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Telecom giant Verizon Communications Inc. has reportedly floated an informal buyout offer for MCI Corp., the long distance telephone company that has been awash in takeover speculation in the wake of regional phone company SBC Communications Inc.'s $16 billion deal for AT&T Corp.
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SCOTTISH mining tycoon Harry Dobson was contacted by brokers understood to be acting for US sports baron Malcolm Glazer earlier this week about selling his 6.5% stake in Manchester United.
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A detailed sales prospectus for Chrysler Group will be ready for potential buyers of the automaker soon, a source close to the process told Reuters on Friday.
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Most expect that the recent mergers, including Verizon's acquisition of MCI, could prompt a fine-tuning of existing rules.
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Reuters, the media and information group, is understood to have appointed investment bankers to explore the sale of Instinet, its American electronic stock trading business.
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CI, the troubled telecommunications company, has quietly begun shopping itself to potential buyers, executives involved in the sale process said yesterday.
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Rio Tinto Ltd./Plc  has hired Deutsche Bank to advise it on a possible bid for Canadian aluminum producer Alcan , the Sydney Morning Herald paper reported on Monday.
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The Instinet Group, owner of one of the largest electronic stock trading systems, is for sale, executives briefed on the plan say.
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The company may be hinting at going public.