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You've heard the news before of the multi-million dollar auction deals for the ruby slippers Judy Garland wore in The Wizard of Oz or Michael Jackson's sequined glove. Do you want to collect memorabilia from your favorite celebrity but find such auctions out of your price range? .
Alliance Boots bidding nears $22 billion
Until the check clears, it's really not a done deal. That's definitely the case with the buyout of Alliance Boots, the UK's largest drugstore chain.Originally, it looked like KKR would be the buyer, along with Stefano Pessina (who is the chairman of Alliance and owns 15% of the company). But, private equity firm Terra Firma Capital Partners has a better offer: $21.8 billion. The firm also has the financial support of the Wellcome Trust and HBOS PLC.Interestingly enough, a few hours before this bid, KKR and Pessina upped its own bid. Yes, it must be nice for Alliance shareholders. In fact, based on the activity in the stock, the betting is that there will be even more bids.Alliance does have a serious footprint, with about 3,100 stores, as well as a thriving wholesale business. Oh, and yes, there are opportunities to cut costs.
Little red truck sold — again and again
The auctioneers weren't the only ones who showed up night after night at the 40th annual Rotary Radio Auction in Cadiz last week. A 3-inch-tall toy Coca-Cola truck donated by Lou Stea recently was bought and donated back 12 times in the final two nights of the auction. The annual event funds scholarships and grants for students as well as various community projects. People have donated and bought everything from bales of straw to wall hangings. Most items brought at least $100, and many brought much more. Little red Coca-Cola truck, sold: $250. A guest spot on the WKDZ afternoon show "Bill Booth Live Afternoon Drive" sold for $450, a large disappointment to Sheila Harris who originally bid $325 and raised it to $405 before getting outbid. "It's a big deal for me to bid $325," the single mother said.
Arizona Resort Golf Home to Hit Auction Block May 8
[ClickPress, Fri Apr 20 2007] A brand new 2,023 square foot home on the first hole of the championship golf course at the resort community of Robson Ranch will be sold at auction on Tuesday, May 8, at noon, according to Tom Starrs auctioneer for CENTURY 21 Catalina Realty. Starrs said that the auction will be conducted live on site at 5406 W Corral Drive, but will also be open to real-time online bidding over the Internet as well. We are pleased to offer the online bidding option for this home, said Starrs, so that interested people who cannot attend the auction in person can bid from their home or office. This two-bedroom, two-bath Southwestern home has many upgrades, including bay windows on the golf course side and an extended garage, as well as a separate guest casita that provides a third bedroom and bath.
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