StreetInsider.com Market Rumors: 08/20

August 20, 2007 3:12 PM EDT

Market Rumors:

PDL BioPharma, Inc. (Nasdaq: PDLI): Renewed takeover speculation after CEO McDade resigns. Dan Loeb's Third Point LLC, which was pushing for McDade's ouster, has also been pushing for a sale.

Hilton Hotels (NYSE: HLT): Reports from FT.com's DealReporter, Blackstone's deal to acquire Hilton Hotels will close on schedule, following the shareholder meeting in early October.

Yahoo! (Nasdaq: YHOO): Microsoft's (Nasdaq: MSFT) Balmer 'won't say a darned thing' on if there are Yahoo talks - Bloomberg reports.

Wendy's International Inc. (NYSE: WEN): Talk the company and Nelson Peltz's Triarc could be getting closer on a deal.


Related Categories

Rumors
Special Reports

Stocks Mentioned

HLT 0.00

+0.00 +100.00%
Volume: 35,000
Track HLT

MSFT 29.90

+0.28 +0.95%
Volume: 34,723,170
Track MSFT

PDLI 7.86

-0.04 -0.51%
Volume: 2,406,477
Track PDLI

WEN 4.11

+0.00 +0.00%
Volume: 2,695,803
Track WEN

YHOO 15.41

+0.03 +0.20%
Volume: 13,217,371
Track YHOO


Add Your Comment