StreetInsider.com Market Rumors: 08/20
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- Blackstone's Deal to Acquire Hilton Hotels (HLT) Expected To Close on Schedule - FT
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- PDL BioPharma Announces Closing of $300,000,000 Securitization Transaction
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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.
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