Hollinger International offers Black olive branch
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LONDON  - Hollinger International has extended an olive branch to its former ousted boss Conrad Black by offering him proceeds from its sale of two leading British newspapers, according to a report.
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On Sunday, Equity Office accepted a $36 billion offer from the Blackstone Group. It would be the costliest buyout in history.
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The world's largest gambling firm, Harrah's Entertainment, is offering $530 million to buy London Clubs International, a British casino operator.
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Fallen press baron Conrad Black will sue Hollinger International Inc.&#39;s special committee and others for C$1.1 billion ($870 million) over a report that accused him of looting the company of millions of dollars.
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A preferred buyer for the National Irish and Northern banks is expected to be announced by their parent this morning. National Australia Bank is due to make an announcement to the stock exchanges in Melbourne and London.
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One of Spain&#39;s largest banks will soon be crossing the Mexican border in search of Hispanic customers. BBVA announced Tuesday it plans to buy Laredo National Bancshares for $850 million.
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Media group Hollinger International says senior executives, including former chief Conrad Black, took $400m of its money.
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MEDIA baron Conrad Black yesterday announced plans to file a $1.2 billion defamation lawsuit against Hollinger International&#39;s special committee over a report accusing Mr Black of &quot;looting&quot; the Chicago-based newspaper company.
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NEW YORK - Conrad Black, the former CEO of Hollinger International Inc., conspired with associates to systematically loot the newspaper publishing company of more than $400 million - nearly all of its profits from 1997 through 2003, an internal investigation found.    The report, which was filed with the Securities and Exchange Commission on Tuesday, was prepared by a special committee of Hollinger's board which was formed last year to examine concerns from shareholders about payments made to Black and others...
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Newspaper publisher Hollinger International Inc on Thursday said it will continue to pursue legal action against former chairman Conrad Black, despite being dealt a setback last week.
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TORONTO (CP) - The Conrad Black saga took a fresh twist Thursday as the embattled press baron announced plans to buy out other shareholders of Hollinger Inc.
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9.30am: Hollinger Internationalâs Jerusalem Post has been sold to Mirkaei Tikshoret, an Israeli publishing house, as part of disposal of assets in the wake of the Lord Conrad Black saga.
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Hollinger International has said that it will sell The Jerusalem Post&#39;s publishing group as the company continues to unload assets amid a battle with Conrad Black, its major shareholder and former top executive.
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Bulgaria's soft drink maker BBB Group AD said it would apply to be listed at the Sofia Stock Exchange and would issue a still unspecified amount of shares in an initial public offering no later than next May.
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Chicago-based publisher Hollinger International Inc. (HLR.N: Quote, Profile, Research) is considering the sale or merger of assets at its new media arm, a British newspaper said on Monday.
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Lord Black will resign as chairman and chief executive of Hollinger Inc, enabling the board to consider his buy-out offer.
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Lord Black is to resign as chairman and chief executive of Hollinger Inc, clearing the way for the board to consider his offer to buy the firm.