Banknorth investors voice doubts on bid
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Banknorth Group Inc.'s biggest investors are voicing concerns about the proposed sale of a controlling stake to Toronto-Dominion Bank .
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Toronto-Dominion Bank is in the final stages of negotiations to take a controlling interest in New England regional bank Banknorth Group Inc. in a transaction worth as much as $3.5 billion, according to executives involved in the talks.
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Banknorth Group Inc. solicited bids from several other large banks before deciding that a Canadian bank could acquire a majority stake in the company, chief
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Investors don't want to say "when" on Green Mountain.
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Equity Office Properties Trust, the target of the largest real estate takeover, yesterday rejected a $41 billion offer from Vornado Realty Trust, saying a $38.3 billion cash bid by Blackstone Group L.P. is less risky for shareholders.
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A Bank of Japan policy maker tried to soothe investors' nerves on Thursday, saying some market moves had been overdone, amid a new bout of tightness in short-term credit markets due to banks' growing risk aversion.
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BOSTON -- Bank of America chief executive Ken Lewis will continue meeting with local officials this week who question whether the bank broke commitments by ordering job cuts in its acquisition of FleetBoston.
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Investors didn't appreciate news of their management's plans to sell shares.
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Bankers remain wary of plans to launch a massive investment rescue fund to soften the blow of the U.S. subprime meltdown, saying it could interfere with a market recovery and stall a resolution to the credit crisis.
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Â· Run on Northern Rock escalatesÂ· Fears over second bankÂ· Intervention too slow, say critics
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Investors are wary of insurance guarantees for some bonds issued by cities to fund capital projects.
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Lazard&#39;s highly public power struggle over whether to become a listed company could jeopardise the investment bank&#39;s initial public offering, which already is hampered
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WASHINGTON, Dec. 18  â AT&Tâs proposed buyout of BellSouth was thrown into doubt Monday when Robert M. McDowell, a member of the Federal Communications Commission and a former telecommunications industry lobbyist, said he would not be voting on the deal.
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There may be too much doubt surrounding the big IPO.
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UBS is reportedly facing shareholder opposition to a huge injection of funds from Singapore and the Middle East to help the Swiss banking giant overcome the US subprime mortgage meltdown.
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A year ago, Deutsche Bank was the subject of some of the hottest rumors on the Wall Street grapevine, but those rumored deals have not materialized.
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Canada&#39;s TD Bank Financial Group says it&#39;s discussing a &quot;possible transaction&quot; with Portland, Maine-based Banknorth Group.