Hellman & Friedman buys stake in parent of Formula One

Article Abstract:

Hellman & Friedman will acquire a minority share of SLEC Holdings for $712.5 million. Hellman will acquire a 37.5% share in SLEC.

Hellman and Friedman, SLEC Holdings

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BT dismisses bid for its copper and fiber network

Article Abstract:

British Telecommunications PLC (BT) has received at least four approaches concerning the possible sale of its copper and fiber network, including a tentative offer worth GBP8 billion (Euro13billion) from a consortium led by investment bank, Babcock and Brown.

United Kingdom, Foreign operations, Telecommunications, Telephone Communication, Telecommunications services industry, Telecommunications industry, British Telecommunications PLC, Babcock & Brown L.P.

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PaineWebber may be sold to Dresdner

Article Abstract:

Dresdner Bank AG of Germany is in preliminary negotiations to purchase PaineWebber Group Inc., which is the fourth-biggest brokerage company in the US, for up to $10 billion. PaineWebber would make Dresdner to have immediate access to US individual investors through the former's network of 6,600 brokers across the US. To Dresdner, the largest asset of PaineWebber would be its vast distribution network in the US. This network could be utilized by Dresdner to market stocks and bonds. PaineWebber's another appeal would be its Mitchell Hutchins Asset Management subsidiary, which handles assets worth $54.7 billion.

Comment:

Is in preliminary talks to buy PaineWebber Group Inc., which is the 4th-biggest brokerage co in the US, for up to $10 bil

Commercial Banks, Commercial Banking, Securities Dealers, PaineWebber Group Inc., Dresdner Bank AG (Frankfurt, Germany), Article

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