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The favorable market reaction to these proposed transactions is likely to focus attention on other possible transactions, which could possibly involve institutions such as Société Générale and Unicredit.
The company said it had approached a number of unnamed third parties about possible transactions.
The securities agency has been investigating the accounting of PNC for possible transactions intended to remove problem loans from its books.
"None of these things happen overnight," the executive said, adding that groups of Andersen auditors in other offices were also exploring possible transactions.
That stock swap did not take place, but talks about other possible transactions continued until Mr. Maffei became the "point man" for Mr. Malone in the negotiations.
Talks about possible transactions were still continuing, according to a person briefed on the matter, though it was unclear if or when a deal would be reached.
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The Deal Professor examines the possible transaction.
"HBOS knows that the only possible transaction that will fly is a stakeholder-friendly one.
Shares of MGM rose $2.10, to $19.75, yesterday after Reuters reported news of the possible transaction.
Mr. Obus said he had no knowledge of any possible transaction.
Reuters reported on Saturday that the talks were too preliminary to shed light on the nature of a possible transaction.
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