Apollo lifts offer for Countrywide: new rival bid forces buyout firm's hand, delays court backing

Article Abstract:

US investment firm Apollo Management L.P. raised its initial offer for UK real estate company Countrywide PLC after Countrywide received a rival bid just two days before Apollo's offer was expected to be approved by Countrywide's shareholders. Apollo's first offer of 590 pence per share was upped to 617 pence to counter the rival bid.

United Kingdom, Other Activities Related to Real Estate, REAL ESTATE, Real Estate Services, Real estate industry, Apollo Management L.P.

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Kerkorian's Tracinda plans to cut GM stake

Article Abstract:

Kirk Kerkorian's investment firm, Tracinda Corp., is selling 14 million shares in General Motors at $33 each. This amounts to one quarter of its General Motors stock, and raises speculation about Mr. Kerkorian's plans.

Executive changes & profiles, TRANSPORTATION EQUIPMENT, Officials and employees, General Motors Corp., GM, Transportation equipment industry, Kerkorian, Kirk, Tracinda Corp.

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Bipop-Carire seeks controlling stake in investment firm

Article Abstract:

Bipop-Carire SpA is engaged in negotiations to acquire Grucycsa SA's controlling share of investment company Safei. Bipop-Carire would not reveal the financial details of a possible deal.

Italy, Foreign operations, Spain, Bipop-Carire S.p.A., Grucycsa S.A., Safei

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