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Penn Gaming's LBO Goes Belly-Up

The gaming company's debt-backed buyout is the latest in a string of deals that proved unfeasible in a dormant economy.

Circuit City Continues Considering Choices

Dissolution of Blockbuster bid hits retailer’s shares hard.

Anheuser Busch Turns Away InBev

Sixty five dollars a share is not enough, but analysts believe a $70 per-share-bid would force the company's hand.

Senator Resumes Efforts to Undo Beef Deals

Senator Herb Kohl wrote a letter urging regulators to block JBS Swift’s acquisitions of National Beef and Smithfield Beef Group.

Bunge Agrees To Acquire Corn Products

Corn Products will become a Bunge subsidiary, with Corn Products CEO to join Bunge BOD, in a $4.8 billion all-stock deal.

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Articles

Hummer Goes on the Block

General Motors initiated a strategic review of its Hummer brand, the embattled SUV that has seen sales plummet as gas prices have climbed.

Learning Tree Considers Sale

Nasdaq-listed Learning Tree International retained RBC Capital Markets to pursue a possible sale of the company.

FdG Sells Implus to AEA

FdG Associates, a New York private equity firm, said it has sold shoe accessories company Implus Footcare to AEA Investors in a secondary buyout.

NexCen Looks to Unload Assets

NexCen Brands, alongside news that it would delay its first-quarter earnings statement, said it exploring 'all strategic alternatives,' including the possible sale of one or more of its businesses. The company also disclosed that it is in discussions its lender and intends on taking immediate steps to trim its operating budget.

FTD Goes to United Online

Just in time for Mother's Day, United Online agreed to acquire flower retailer FTD Group last Wednesday, paying roughly $800 million for the company. The cash-and-stock deal, based on United Online's closing price on April 29, values FTD's common stock at $15.08 per share.

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