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.


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Stocks Mentioned

HLT 0.00

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

MSFT 23.37

-0.67 -2.79%
Volume: 65,427,699
Track MSFT

PDLI 7.98

-0.03 -0.37%
Volume: 2,724,407
Track PDLI

WEN 25.11

+21.00 +510.95%
Volume: 454,624
Track WEN

YHOO 14.99

-0.42 -2.73%
Volume: 16,920,572
Track YHOO


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