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National Grid, the British utility company, confirmed this morning that it's in discussing a "possible transaction" with KeySpan Corporation, which provides electricity and natural gas to more than a million customers on Long Island.
Meanwhile, Yahoo, which has been canvassing for other possible suitors and has held talks with the News Corporation and Google, appears to be focused on a possible transaction with AOL, people involved in the talks said.
A Web site launched in 2010, IPaidABribe.com, serves as a repository for citizens to record instances of palm-greasing; a browser can estimate the market price of any possible transaction with the government from what others have paid.
Canada's TD Bank Financial Group is discussing "a possible transaction" with the Northeast regional bank Banknorth Group, the companies confirmed Wednesday.
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The Schedule 13D also disclosed Blavatnik's interest in possible transactions with Lyondell.
A spokeswoman for Andersen in Russia and the Commonwealth of Independent States said the firm there is negotiating possible transactions with two Big Five accounting firms, one of which is KPMG.
A source with knowledge of the possible transaction tells us that General Atlantic may have submitted a term sheet at "around a $2 billion" valuation.
"We are in discussions with other firms about a possible transaction and will consider those and other options for the firm moving forward," the memo said.
Here it is in the proxy: "The Blackstone consortium informed the special committee that it was not willing to proceed with its evaluation of the transaction contemplated" unless "it received an agreement from the company to reimburse the Blackstone consortium's out-of-pocket expenses in connection with its evaluation of a possible transaction".
The company said on Monday that it was in talks with an unidentified third party about a possible transaction.
Any possible transaction would most likely involve a stock swap, leaving Deutsche Telekom with a significant stake in a newly public T-Mobile.
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