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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (3190)1/15/2008 5:32:27 PM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
I see it. A bottom is not in sight when bears are fed. Or Fed are bears.



To: Rarebird who wrote (3190)4/14/2008 5:34:06 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
CC: Blockbuster makes Circuit City offer

By FT reporters
Montag Apr 14 2008 02:35
Blockbuster Inc (NYSE:BBI) . said on Monday that it has offered to buy electronics retailer Circuit City Stores Inc (NYSE:CC) in an all-cash offer in the range of $6 to $8 per share.

The video rental group said the offer was made on February 17 in a letter to Circuit City Chief Executive Philip Schoonover on behalf of Blockbuster's board, but that Circuit City had so far failed to provide due diligence necessary to allow Blockbuster to make a definitive proposal.

Blockbuster said in a statement that it was making the offer public because it believed the shareholders of Circuit City "should have the opportunity to participate in determining the destiny of the company."