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Carl Icahn interested in acquiring Circuit City
techwhack.com May 11, 2008
Carl Icahn interested in acquiring Circuit City US based retailing chain Circuit City Stores has said that they are fine with giving access to their books to Blockbuster for reviewing as they have shown interests in acquiring them. The company added that billionaire investor Carl Icahn is also...
Circuit City shows books to Blockbuster for possible deal
usatoday.com May 12, 2008
Circuit City increased the possibility of a takeover by reversing course and saying that it will open its books to suitor Blockbuster and the movie-rental company's largest shareholder, billionaire investor Carl Icahn. ... ATLANTA (USA TODAY) -- Circuit City (CC)...
Circuit City looks for a suitor, Blockbuster likely to be it
yahoo.com May 11, 2008
Filed under: Misc. Gadgets, Gaming notably sufficient, the far-fetched proposal is apt to be accepted. Circuit City has reportedly solicited the services of Goldman Sachs to help “negotiate a deal,” which will essentially put the troubled ... ... is apt to be accepted....
Circuit City Merger Blockbuster Likely
freemarketnews.com May 11, 2008
Circuit City has hired Goldman Sachs to help it with a likely merger with Blockbuster. ... Sunday, May 11, 2008 - FreeMarketNews.com Circuit City is finally throwing in the towel. Confronted with weak sales, impatient shareholders, and a U.S. consumer pummeled by...
Circuit City to Allow Blockbuster to Complete Due Diligence
bigblog.com May 11, 2008
Circuit City will allow Blockbuster and its largest shareholder Carl Icahn access to the retailers financial records allowing the latter to complete due diligence for a possible acquisition. ... Circuit City will allow Blockbuster and its largest shareholder Carl Icahn...
Circuit City considers take over bid from Blockbuster
dcealumni.com May 10, 2008
Circuit City considers take over bid from Blockbuster The largest shareholder of Blockbuster, billionaire investor Carl Icahn sent a letter to Circuit City that said that if Blockbuster is unable to get the bid of Circuit City, he will himself get the finance to buy it. The share of Circuit city...
Circuit City gets closer to a sale
telegram.com May 10, 2008
RICHMOND, Va. - Circuit City Stores Inc. yesterday gave in to pressure from activist shareholders, essentially putting itself up for sale and agreeing to nominate dissident directors to its board. ... RICHMOND, Va.— Circuit City Stores Inc. yesterday gave in to pressure...
Circuit City allows Blockbuster, shareholder Icahn to review books; promises board changes
startribune.com May 10, 2008
By MICHAEL FELBERBAUM , Associated Press RICHMOND, Va. - Circuit City Stores Inc. on Friday gave in to pressure from activist shareholders, essentially putting itself up for sale and agreeing to nominate dissident directors to its board. The electronics retailer announced...
Zhjondon commented on "Circuit City agrees to due diligence in Blockbuster's bid"
marketwatch.com May 10, 2008
Zhjondon's MarketWatch story recommendations will appear here. Any MarketWatch story can be recommended by clicking the stars at the top of the story. ↓ Story: Circuit City agrees to due diligence in Blockbuster's bid (23 minutes ago) Depending on how well thought out the...
Circuit City gets ready for offers
signonsandiego.com May 10, 2008
Circuit City Stores, pressured by investors to raise its stock price, put itself up for sale yesterday and opened its books to Blockbuster and billionaire Carl Icahn to prepare for a possible offer. Blockbuster made an unsolicited bid of $6 to $8 a share for Circuit City in February, provided it...
Circuit City Opens Its Books to Blockbuster
the-dispatch.com May 10, 2008
The electronics chain #x2019;s move is a shift from its initial, highly skeptical stance toward Blockbuster #x2019;s unsolicited takeover bid. ... Circuit City, which has been struggling with slower sales growth, has been skeptical of financing for a takeover bid. Steve...