Company News for April 6, 2009 – Corporate Summary
Source: http://www.zacks.com/stock/news/18851/Company+News+for+April+6%2C+2009+-+Corporate+SummaryPosted on Monday, April 6th, 2009 | In Stocks to Watch
* Australian billionaire Packer denied reports he is considering acquiring a stake in the Las Vegas City Center project currently jointly owned by MGM (NYSE:MGM) and Dubai World. MGM (NYSE:MGM) has hired Morgan Stanley (NYSE:MS) to advise on selling various casinos to generate needed cash
* Chairman and CEO Adelson reported the purchase of 4.7 million additional shares of Las Vegas Sands (NYSE:LVS), bringing his total purchases over the past week to almost 12.6 million shares
* Reports said talks between IBM (NYSE:IBM) and Sun Microsystems (NASDAQ:JAVA) broke down over the weekend on disagreement over terms of a potential deal, including the $9.40, or about $6 billion price Sun considered too low
* HSBC Holdings (NYSE:HBC) shares jumped in Monday’s trade on the successful response to its $18.9 billion rights offering
* GM’s (NYSE:GM) Saab unit is reportedly in talks with 20 possible buyers, with a deal expected by June. The unit is seeking the write-off of about three-quarters of its non-prioritized debt.
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