Tuesday, February 2, 2010

Woolworths rejects Baugur break-up attempt -- bid news and gossip



* Woolworths rejects an attempt by Baugur and former chief executive Malcolm Walker to break-up the group and take its stores


* Rival groups and infrastructure funds are preparing bid appproaches for UK airports owned by BAA as it completes a complex £13 billion refinancing package


* Manchester Airport owner confirms approach for Gatwick


* Brit Insurance has appointed Ernst & Young to advise it on a possible move out of the UK to a more favourable tax regime


* BHP Billiton set to use 40% profits rise to boost argument for Rio Tinto bid


* Vodafone completes the £483 million purchase of a 70% stake in Ghana Telecom


* HSBC has put on hold any plans to sell its specialist lending arm HFC UK


* Apollo Management of US seeks £1.1 billion for distressed debt


* Goldman Sachs launches Middle East fund


* Floors-2-Go sell-off raises hopes for survivors' future

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