| Proxibid Enjoys Unprecedented Success with Farm Equipment Auctions
Proxibid, a premier provider of live auction broadcasting services, has experienced unprecedented success in its Farm Equipment market segment. The Company has broadcast more than 20 Farm Equipment auctions since February, and has several more scheduled in the coming months.
[USPRwire, Wed Mar 28 2007] Proxibid, a premier provider of live auction broadcasting services, has experienced unprecedented success in its Farm Equipment market segment. The Company has broadcast more than 20 Farm Equipment auctions since February, and has several more scheduled in the coming months.
Proxibids success in the Farm Equipment marketplace is evidenced by a recent Wieman Auction Company auction. In February, the Wieman Auction Company sold more than $278,000 worth of equipment online via Proxibid.
Institutional investors scoop up bulk of Kaolin IPO
Most of the accepted bids for the IPO of Bulgarian mining and processing company Kaolin were placed by foreign investors, said Bulbank after the results from the book-building were announced on Saturday. The cut-off price is 13.50 levs. The offering is three time oversubscribed with investors placing bids for over 200 mln levs. Institutional investors placed 82% of the bids, followed by private investors with 12% and corporate investors with 6%. Kaolin will sell a total of 4,580,620 shares, raising 61.9 mln levs in the process. The capital of the company will go from 20.42 mln to 25 mln levs. A week ago, Alfa Finance Holding, the Kaolin majority owner, said it would offer an additional 1 mln shares to select investors if the IPO sparks market interest. The final decision on the move will be taken after the subscription period expires.
Seagrove pottery to be auctioned on Saturday
The N.C. Pottery Center in Seagrove will hold its annual benefit auction 4-8 p.m. Saturday. "Going, Going, Gone To Pots!" will offer for sale about 200 pieces of contemporary and historical N.C. pottery. During the silent auction, from 4 to 6 p.m., there will be a catered light buffet. The Spare Time Band will provide live music. A live auction, with dessert and coffee available, will be held 6-8 p.m. Items can be seen through Saturday at the center or online at www.ncpotterycenter.com. Absentee bids will be accepted. Tickets are $35, $25 for members. For more information, call 336-873-8430. .
EU warns Netherlands against interference in ABN Amro bids
(BRUSSELS) - The European Commission warned The Netherlands on Thursday against breaking new EU rules against political interference in cross-border banking takeovers, which The Hague played a key role in drawing up. Noting that The Netherlands "is known for its open and progressive economy," the country's free-market credentials could be put at risk if authorities sought to discourage a foreign takeover of Dutch bank ABN Amro, Commission spokesman Oliver Drewes said. While the Commission regretted any EU member "going down the road of protectionism" it would be "even more disappointing" if the Dutch did because they were the driving force behind new rules on cross-border banking takeovers, he said. Those rules, which were adopted last month, were drawn up largely in reaction to former Bank of Italy's Antonio Fazio's attempts to block ABN Amro's takeover in 2005 of an Italian bank.
Bidding battle expected for Boots
'Boots the Chemist', Alliance Boots, is considering opening up its books to a potential rival bidder to Kohlberg Kravis Roberts (KKT), which has offered £10.2 billion (approximately Rs86,914.2 crore) for the UK-based cosmetics and pharmaceuticals retail leader.
UK's largest investor in private equity and Britain's largest charity, The Wellcome Trust and private equity group Terra Firma, which owns the Odeon and UCI cinema houses, are believed to have asked to see the books of Britain's biggest pharmacy chain, while the German owner of the Lloyds pharmacy chain, Celesio, may also throw its hat in the ring. Boots will decide by Friday whether to open its books for inspection to Wellcome and Terra Firma. The company has already opened its books to the potential buyer, which had teamed up with Boots' deputy chairman Stefano Pessina, who already owns 15 per cent of the company and wants to take it private.
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