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Posts Tagged ‘bid’

UOL Group wins bid for site near Paya Lebar MRT station for $313m

January 18th, 2011 | No Comments

UOL Group says it has won a $313 million bid for a freehold site located at the junction at Tanjong Katong Road and Geylang Road near Paya Lebar MRT station.

UOL says the property may be redeveloped as a commercial-cum-residential development.

The acquisition and redevelopment of the property will be financed by bank borrowings and internal resources, it added.

Given its location, UOL says the future redevelopment of the property is expected to benefit from the nearby Paya Lebar Central commercial hub planned by the Urban Redevelopment Authority.

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UOL wins $313m real estate bid, may redevelop property

January 18th, 2011 | No Comments

UOL Group said its $313 million tender for a property in eastern Singapore was accepted and the company may redevelop the project for commercial and residential use, according to a statement to the Singapore exchange.

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DOJ Mulling Antitrust Lawsuit to Halt Google ITA Bid

January 14th, 2011 | No Comments

The DOJ is reportedly drafting a lawsuit to block Google’s $700 million bid for ITA Software. This is good news for the FairSearch.org group, which wants the deal nixed. – @font-face {
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Google’s $700
million acquisition of ITA Software may be halted by the U.S. Justice
Department, which is reportedly preparing for a possible antitrust lawsuit to
…

Google Wins Preliminary Injunction of Microsoft BPOS Bid

January 8th, 2011 | No Comments

A federal court judge enjoined the Department of Interior from picking Microsoft Business Productivity Online Suite without considering Google first. – Google got a boost in its battle versus Microsoft when a federal judge froze
the Department of Interior from accepting Microsoft’s Business Productivity
Online Suite for e-mail and collaboration software.
Federal Judge Susan Braden issued a preliminary injunction to prevent the
Interior Departm…

Kim Eng rises to record after Maybank makes buyout bid: Update

January 7th, 2011 | No Comments

Kim Eng Holdings, a Singaporean brokerage, surged to a record after Malayan Banking, Malaysia’s biggest lender, offered to buy the company for $1.79 billion to speed up expansion in Southeast Asia.

Shares of Kim Eng jumped 13% to $3.05 at the 5 p.m. close in Singapore trading, an all-time high, making it the best performer on Singapore’s stock exchange. Maybank, as the Kuala Lumpur-based company is known, slipped 0.1% to 9 ringgit, snapping a three-day gain.

Kim Eng rises to record after Maybank makes $1.79b bid

January 7th, 2011 | No Comments

Kim Eng Holdings, a Singaporean brokerage, surged to a record and Malayan Banking gained after Malaysia’s biggest lender offered to buy the company for $1.79 billion to speed up expansion in Southeast Asia.

Shares of Kim Eng jumped 12% to $3.03 at 10:48 a.m. in Singapore trading, set to close at an all-time high. Maybank, as the Kuala Lumpur-based company is known, added 0.7% to 9.07 ringgit, headed for its highest close since Nov. 16.

Kim Eng rises 13% on Maybankâ€™s takeover bid

January 7th, 2011 | No Comments

Shares of Singapore’s Kim Eng Holdings (KEHS.SI) opened 13% higher on Friday after Malaysia’s largest lender Maybank (MBBM.KL) offered to buy the stockbroker for US$1.4 billion ($1.8 billion).

Around 9:02 a.m., Kim Eng shares were traded at $3.05, below Maybank’s offer price of $3.10 a share but well above its last traded price of $2.70.

Maybank said on Thursday that it has already agreed to buy a 44.6% stake in Kim Eng from two major shareholders.