Sure, we've heard it before, but the logic behind the latest rumors from trade publisher Automotive News that Ford Motor Co. and India's Tata Motors will announce a deal for Jaguar and Land Rover by March 6 makes sense.
Next week automakers, analysts and journalists will meet in Switzerland at the Geneva Motor Show, so it stands to reason that the confab would be an ideal place to announce a deal. Additionally, Chinese and Indian automakers have treated Europe as a test market ahead of plans to enter the U.S. car market. Consequently, Tata may want to make a splash in Geneva, and Land Rover and Jaguar would certainly be a cannonball into the pool. - Matthew Wurtzel
By Edward Schneidman, Michael Blair and David Malinger, Mayer Brown
Real estate sponsors that might wish to undertake an IPO will need to consider a wide variety of issues and begin to take action long before the first filing with the SEC.
Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'