2008 July 14 | money news blog

Archive for July 14th, 2008

14 07 2008

Credit Card Menu

Posted by: admin in Latest News

Credit Card Menu
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Pay Taxes by Credit or Debit Card
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Credit Cards: Low Rate Cash Back Rewards Credit Cards and Business
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Credit Card Reviews and Ratings
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Nationwide Credit Card | Nationwide Bank | Nationwide.com
A Nationwide credit card does everything you’d expect a credit card to do - without costing you a lot of money to do it.

Credit Card Nation
Dr. Manning to appear on Good Morning America on March 27, 2008, for an investigative story on the outrageous practices of subprime credit cards.

Credit Card Processing – Merchant Accounts – Credit Card Services
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Credit Card On the web - Apply for a Credit Card On the internet, Business Credit
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Visa Global Gateway
The number one payment card used by people around the world, Visa cards offer exceptional convenience and reliability. Use Visa cards to pay for buys in more than 150

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14 07 2008

DLJ Founder Joins Blackstone

Posted by: in Management

Filed under: Management, The Blackstone Group, Engagements, Private equity industry

I received an interesting email alert this morning from The Blackstone Group (NYSE: BX) regarding the addition of a new Board of Directors member. The addition is Richard H. Jenrette.

Board member additions are usually not stock events or at least not actionable events, but Mr. Jenrette is founder of DLJ, or Donaldson Lufkin & Jenrette (”DLJ”). That firm was founded in 1959.

DLJ wasn’t exactly an institution that went without problems through the years, but it was built essentially from scratch to a multi-billion dollar behemoth in the financial sector with operations in trading, brokerage, investment banking, advisory, clearing, and more. Ultimately it was acquired by Credit Suisse Group (NYSE: CS), and its discount brokerage operations were acquired by E*TRADE Financial Corp. (NASDAQ: ETFC).

Mr. Jenrette is also also a former Chairman of the Securities Industry Association and has served as a director or trustee of The McGraw-Hill Companies, Advanced Micro Devices Inc., the American Stock Exchange, The Rockefeller Foundation, The Duke Endowment, the University of North Carolina, New York University and the National Trust for Historic Preservation.

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14 07 2008

Garbage Wars: Waste Management vs. Republic vs. Allied

Posted by: in Management

Filed under: Deals, Management, Shareholders, Value and lack thereof

Waste Management, Inc. (NYSE:WMI) is switching around the merger game in the garbage and trash collection sector. The company has announced this day that it has made a proposal to Republic Services, Inc.(NYSE: RSG) to acquire Republic for $34.00 per common share in cash.

The company stated that its proposal represents a premium of approximately 22% over the closing price of Republic stock from before the offer was submitted. Waste management believes that its all-cash proposal offers a better value to Republic stockholders than the recently announced Republic-Allied Waste Industries, Inc. (NYSE: AW) transaction.

The company stated its board is committed to maintaining an investment grade status and is committed to continuing its annual dividend of $1.08 per share.

Waste Management noted that the Republic-Allied merger agreement expressly contemplates substitute proposals from third celebrations and defines a process for Republic to respond to those proposals.

The company believes that a transaction with Republic would close early in 2009. Waste Management also noted that it believes all of the financing needed to finish the transaction will be available on satisfactory terms believes it will maintain its investment grade status on a combined basis.

You could envision that this would definitely run into antitrust issues and would definitely require certain divestitures.

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14 07 2008