Hints and tips:
...Letter in response to this report: Data protection is a principle worth striving for / From Filippo Noseda, Partner, Mishcon de Reya LLP, Solicitors, London WC2, UK...
...He praised Vornado’s refurbishment of PENN 1, a 1970s tower at Pennsylvania Station, for example, but foresaw a limited ceiling for its rents....
...Join the FT and London Wall Partners LLP on Tuesday October 13 for a webinar exploring the best asset allocation strategies. Register for free here....
...“This is the time for a bazooka,” said Art Penn, managing partner at PennantPark, a credit firm....
...Val di Fassa Horatio Clare It may seem perverse to book a skiing holiday when you have no intention of skiing but my partner, her 18-year-old and our six-year-old are all committed to the sport, so this...
...Irving Penn: Centennial, edited by Maria Morris Hambourg and Jeff L Rosenheim, Yale University Press RRP£50/Metropolitan Museum of Art RRP$70 Record of another stunning Met show this year, celebrating the...
...Andy Penn, formerly the chief financial officer, replaced David Thodey as chief executive in May last year....
...“This means it will not be enough for banks to break themselves into two – they will have to break into three,” said Bob Penn, a partner at Allen & Overy....
...Intersnack, the owner of Pom-Bear crisps and Penn State pretzels, had been a leading contender for KP Snacks, United Biscuits’ salty snacks unit....
...Bob Penn, partner at Allen & Overy, the law firm, said: “Nothing depresses a market more than a bunch of banks selling the same things at the same time.”...
...Fortress Investment Group and Centerbridge Partners agreed over a year ago to buy Penn for $67 a share before the debt markets froze and the gambling industry’s outlook weakened....
...The $8.9bn buyout of Penn National Gaming by Fortress Investment Group and Centerbridge Partners has become the latest casualty of a slowing economy and turmoil in the credit markets....
...Fortress Investment Group and Centerbridge Partners agreed over a year ago to buy Penn for $67 a share before the debt markets froze, the US economy slowed down and the gambling industry’s outlook weakened...
...Of the biggest deals inked before the buy-out boom collapsed, an agreement by Fortress Investment Group and Centerbridge Partners to buy Penn National Gaming is the only one not yet to have stumbled....
...That leaves the fate of only one big private equity buy-out, Penn Gaming, uncertain....
...Carrefour, with its joint venture partner Sabanci, was this week expected to lodge a bid worth about $4bn for a majority stake in Migros, Turkey’s largest supermarket group....
...Goldman Sachs would be its partner in the project. Related said that it expected its five new investors to help fund both projects should they go ahead....
...The move leaves local conglomerate Wesfarmers and its private equity partners as the only active suitor for the nation’s second-biggest retailer, though rival retailer Woolworths has also indicated it would...
...It appeared likely, however, that Woolworths, Coles’ main rival, would lodge a bid for some of the retailer’s assets....
...Lines of commuters waiting for taxis at Manhattan’s Penn Station stretched to the end of the block, echoing scenes from the London strike where people scrambled to catch buses and taxis to get to work....
...The move leaves local conglomerate Wesfarmers, together with its private equity partners, as the only suitor with a bid on the table for the nation’s second-biggest retailer, though rival retailer Woolworths...
...In order to make a credible proposal, Penn has lined up a number of financing and investment partners on Wall Street, including DE Shaw, a hedge fund group, and banks Lehman Brothers and Wachovia, insiders...
...It also sold the Premier Lodge chain of budget hotels to Whitbread for £536m....
...Potential buyers of a minority stake in the New York Mercantile Exchange have until Tuesday to lodge a final offer for the world’s largest commodities exchange....
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