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AK Steel's market capitalization, based on its stock price at Thursday's market close, stood at about $1.25 billion.
And it is eager to invest in a company like HCA, which generates significant revenue and is perceived, based on its stock price, as being undervalued by investors.
Sotheby's total value is $1.6 billion based on its stock price (the stock closed yesterday at $24.13, up $1.88) and the company debt reported on its Sept. 30 balance sheet.
New York Community valued the transaction based on its stock's closing price on Friday.
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"I like to think I'm an important part of where IPG is going," said Mr. Deutsch, using the industry nickname for Interpublic based on its stock-ticker symbol.
The speculation about a capital increase was fueled by the sale of Bear Stearns over the weekend for less than one-tenth of its value based on its closing stock price on Friday.
The carmaker at one point was valued at 296.06 billion euros ($370.4 billion) based on its common stock, but the shares eased to trade 73.3% higher, at 901.0 euros ($1125.0), in Frankfurt.
Based on its recent stock price, A.I.G.'s offer is worth about $46 a share, not $41.60.
The company is worth about $6.2 billion, based on its closing stock price Friday of $46.83, meaning the deal from North Fork would offer little premium.
We've confirmed today that a staff engineer at Google being heavily romanced by Facebook was offered a jaw dropping $3.5 million in restricted stock by Google (this means Google is handing over stock worth $3.5 million based on its value today, and that stock will vest over time).
Based on its present valuation, Cubist stock looks cheap.
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