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The most aggressive acquirers have been Deutsche Post, the British Post Office and TNT Post Groep (TPG) of the Netherlands.
Elsewhere Tesco jumped 5.85p to 182.60p on reports that a fifth executive was to leave after the discovery of its £250m black hole, and that private equity firm TPG was considering a £2bn bid for the supermarket's data analysis and Clubcard business Dunnhumby.
TPG is also among a trio of big-name private-equity firms (Apollo and Blackstone are the others) that are reportedly negotiating with Citigroup to snap up $12 billion-worth of leveraged loans that have been stuck on the bank's balance sheet since the credit markets froze.
The talks with Citigroup are thought to involve leveraged loans made to TPG, Apollo and Blackstone themselves.
Regulators are jumpy about who runs banks: TPG has reportedly promised WaMu's supervisor that it will not use its holding to exercise control.
See articleWashington Mutual boosted its capital position by raising $7 billion in a sale of new shares to investors led by TPG, a private-equity firm.
Yet they know little about how best to do it, according to Mr Bakker of TPG, the world's second-largest logistics specialist (under its TNT Logistics brand).
The vehicles involved are mostly owner-operated, but under contract to TPG.
TPG, a vaunted private-equity firm, was wiped out by the collapse of WaMu.
The fact that TPG is willing to invest is a vote of confidence, but shares in B&B, trading at around 70p at mid-week, may yet breach the 55p level before the rights issue rolls around.
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On August 3rd, TPG-Axon, a New York fund, announced a merger with Montrica, a London outfit.Whether this bulking-up will be good for the industry as a whole is unclear.
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