Archive for June, 2007

Lululemon aims for $200M in IPO

Saturday, June 30th, 2007

Lululemon Corp., the Vancouver-based maker of yoga clothing and other athletic wear, said Tuesday it hopes to raise $200 million in an initial public offering.
The firm said its proposed public offering is expected to consist of approximately $25 million in shares of common stock offered by Lululemon and the remaining shares offered by selling […]

EMI allowing Warner to see the score

Saturday, June 30th, 2007

Analysts said it was inevitable that Warner would re-enter the fray after a number of private equity firms approached EMI.
One Equity, Cerberus and Fortress have all been perusing EMI’s financial information over the past few weeks.
Long-time suitor Warner put forward a bid proposal of 260p a share in March, valuing the group at […]

CRTC tells CTVglobemedia to sell 5 Citytv stations

Saturday, June 30th, 2007

Canada’s broadcast regulator has thrown a hugewrench into CTVglobemedia’s $1.4-billion plan to take over CHUM Ltd.
The CRTC has told CTVglobemedia itwill approve its acquisition of CHUM, but only if it sellsall five of theCitytv stations it also acquired in the deal.
The regulator said allowing CTVglobemedia to hang on to the Citytv stations would […]

Microsoft’s Big Online Ad Buy

Saturday, June 30th, 2007

There’s rarely been a doubt that Microsoft (http://www.businessweek.com/ticker/) intends to compete with Google (http://www.businessweek.com/ticker/). Yet for the past few years, the software giant’s efforts to take on the search giant appeared to be half-measures, as its focus always seemed diverted by other businesses. But on May 18, Microsoft made its boldest statement yet that it […]

COMMERCE POPS

Saturday, June 30th, 2007

June 30, 2007 — The founder of one of the nation’s hottest retailing bank empires, Commerce Bancorp, yesterday stepped down amid a widespread scandal involving his friends and family who were collecting millions from the company with insider vendor contracts.
The ouster of Vernon Hill, 61, chairman, CEO and president, sent the company stock soaring […]