901am (Free subscription) | 05/09/2008
Blockbuster announced that it is pleased with Circuit City's decision to allow the company to conduct due diligence in preparation for a possible bid. Blockbuster had previously offered to buy Circuit City for at least $6.00 per share in cash. The absence of due diligence earlier hampered any concrete offer. “We are pleased to have [...]
PR News Wire (Free subscription) | 05/09/2008
DALLAS, May 9 /PRNewswire-FirstCall/ -- Blockbuster Inc. (NYSE: ) issued the following statement today in response to the announcement by Circuit City Stores, Inc. (NYSE: ) that it has agreed to allow Blockbuster to conduct due diligence in preparation for a possible bid for the company. Blockbuster had previously offered to acquire Circuit City for at least $6.00 per share in cash, subject...
Market Wire (Free subscription) | 05/15/2008
SUGAR LAND, TX (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- What has been cited as the due diligence process, Alcoa Incorporated (NYSE: AA) (Pittsburgh, Pennsylvania) is visiting the possibility of reopening its Addy, Washington, magnesium smelter. The smelter was idled in 2001 because of raw material costs, the cost of primary magnesium and the high cost...
Market Wire - Manufacturing and Production (Free subscription) | 05/15/2008
... to the option agreement the Company has an exclusive six month period in which to conduct its due diligence including carrying out a minimum program of 3,000 metres of drilling. The Company is working in close association with PT GMT Indonesia, an Indonesia based consulting group which manages a number of coal exploration projects in East Kalimantan.PT GMT is completing the first step in...
The Earth Times Online Newspaper (Free subscription) | 05/12/2008
... president of sales and LP’s specialty products businesses, and president of LP South America. “Our due diligence process confirmed our confidence in the quality of these assets and their potential to serve a growing demand for affordable housing in Brazil and other parts of South America.” LP currently operates mills in Panguipulli, Chile, and in Lautaro, Chile. LP, headquartered...
Business Wire (Free subscription) | 05/12/2008
... president of sales and LPs specialty products businesses, and president of LP South America. “Our due diligence process confirmed our confidence in the quality of these assets and their potential to serve a growing demand for affordable housing in Brazil and other parts of South America.” LP currently operates mills in Panguipulli, Chile, and in Lautaro, Chile. LP, headquartered in...
The Huffington Post (Free subscription) | 05/09/2008
RICHMOND, Va. — Circuit City Stores Inc. said Friday it will allow video-rental chain Blockbuster Inc., and its largest shareholder Carl Icahn, to conduct due...
CNN (Free subscription) | 05/09/2008
NEW YORK (Associated Press) - Circuit City Stores Inc. said Friday it will allow video-rental chain Blockbuster Inc., and its largest shareholder Carl Icahn, to conduct due diligence in connection with Blockbuster's bid to buy the consumer electronics retailer.Circuit City also said it received a letter from Icahn, a Blockbuster board member, saying he's prepared to buy the company if Blockbuster...
Star Tribune (Free subscription) | 05/09/2008
RICHMOND, Va. - Circuit City Stores Inc. said Friday it will allow video-rental chain Blockbuster Inc., and its largest shareholder Carl Icahn, to conduct due diligence in connection with Blockbuster's bid to buy the consumer electronics retailer.Circuit City also said it received a letter from Icahn, a Blockbuster board member, saying he's prepared to buy the company if Blockbuster can't get...
Star Tribune (Free subscription) | 05/10/2008
... related to the potential transaction, and that it would allow the video-rental chain to conduct due diligence in its takeover bid of just over $1 billion with plans for creating a huge chain that would sell electronic gadgets and rent movies and games.Friday's moves by the Richmond company, including hiring Goldman Sachs & Co. to explore strategic alternatives, eased some lingering concerns...
Cincinnati Enquirer (Free subscription) | 05/10/2008
... related to the potential transaction, and that it would allow the video-rental chain to conduct due diligence in its takeover bid of just more than $1 billion, with plans for creating a huge chain that would sell electronic gadgets and rent movies and games.Friday's moves by the Richmond company, including hiring Goldman Sachs & Co. to explore strategic alternatives, eased some lingering...
Seattle Times (Free subscription) | 05/09/2008
... related to the potential transaction, and that it would allow the video-rental chain to conduct due diligence in its takeover bid of just over $1 billion with plans for creating a huge chain that would sell electronic gadgets and rent movies and games.Friday's moves by the Richmond company, including hiring Goldman Sachs & Co. to explore strategic alternatives, eased some lingering concerns...
Star Tribune (Free subscription) | 05/09/2008
... related to the potential transaction, and that it would allow the video-rental chain to conduct due diligence in its takeover bid of just over $1 billion with plans for creating a huge chain that would sell electronic gadgets and rent movies and games.Friday's moves by the Richmond company, including hiring Goldman Sachs & Co. to explore strategic alternatives, eased some lingering concerns...
MSNBC.com (Free subscription) | 05/09/2008
... resisted opening its books.Blockbuster said in a statement Friday that it was pleased to reach a “due diligence” agreement with Circuit City.“While it is our hope that the due diligence process will reinforce both the strategic and financial rationale behind the deal, we are committed to only doing a transaction that provides substantial benefits for our shareholders,” the...
The Street (Free subscription) | 05/09/2008
"We are pleased to have reached an agreement with Circuit City to conduct due diligence and further explore a possible merger between our two companies," Blockbuster said in a statement. "We continue to believe this combination would create significant cost and operating synergies, therefore unlocking substantial value for our shareholders. While it is our hope that the due diligence...
