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Representative Gregory W. Meeks, a New York City Democrat, wrote to "highly recommend Panacom for this acquisition because of their strong record in investment, trade and finance for many years".
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Actually I'm as shocked as you are about this acquisition, namely because I was working on it as a funding story all morning.
The money is the Whitney's to use on anything it wants — except for acquisitions, because, as Casey Kaplan, the Chelsea dealer who has spearheaded New York Gallery Week, said, "That would be self-serving and against what this is all about".
Cerberus's answer pushes the argument that it is entitled to back out of the acquisition because of the material adverse change clause in the parties' acquisition agreement.
The rout was touched off by an analyst report urging Bank of America to abandon the acquisition because of growing problems at Countrywide, the nation's largest home lender.
The F.T.C. said it decided to go to court to block the acquisition because the deal would let Cytyc put its only competitor, TriPath Imaging, out of business.
Great Hill Partners states on its Web site that it was interested in the acquisition because it reflected a way for it to profit from the housing downturn.
If the market perceives that Facebook was desperate to make the acquisition because its own business is coming close to exhausting its potential, the consequences for its stock could be serious.
D'Arcy, which has 6,000 employees and billings estimated at $9.4 billion, had been identified by trade publications as likely to disappear after the acquisition because of several recent large account losses like Mars.
The deal caught the attention of more than two dozen legislators in Washington, who have written to the chairman of the Federal Communications Commission seeking to block the acquisition because Deutsche Telekom's majority shareholder is the German government.
Investors are angsty about the acquisition because it means more uncertainty.
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CEO of Professional Science Editing for Scientists @ prosciediting.com