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Published October 28, 2009 at 4:40 PM
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 Welcome to Deal Stocks. In the news Wednesday are Deutsche Bank AG (NYSE:DB), Sal. Oppenheim Jr. & Cie., Apollo Group Inc. (NASDAQ:APOL), GMAC Financial Services, Blackstone Group LP (NYSE:BX), CIT Group Inc. (NYSE:CIT), IAC/InterActiveCorp (NASDAQ:IACI), Vitamin Shoppe Inc. (NYSE:VSI) and Addus Home Care Corp. (NASDAQ:ADUS). For more hot stocks, check out the arbitrage charts in The Deal Pipeline (subscription required) or stocktwits. The Dow finished down 119.28, or 1.21%, to 9,762.69 while the Nasdaq slipped 56.48, or 2.67%, to 2,059.61.
- Multiple sources tell Bloomberg
that front-runners News Corp. (NASDAQ:NWSA) and Scripps Networks
Interactive Inc. (NYSE:SNI) made offers of about $800 million for a 65%
stake in the Travel Channel.
- Deutsche Bank AG (NYSE:DB) is in talks to buy the Luxembourg-based holding company of wealth manager Sal. Oppenheim Jr. & Cie. for roughly $1.48 billion, sources told Bloomberg. The family owners of Sal. Oppenheim will retain 25% stake in an operating unit of the asset and wealth management business in Cologne, Germany.
- Shares of Apollo Group Inc. (NASDAQ:APOL), the parent company of the University of Phoenix, tanked Wednesday morning after it announced the SEC has begun an informal probe of its accounting.
- Government ward GMAC Financial Services may need a third bailout from Uncle Sam. The troubled lender has already received $13.5 billion from Treasury, but it is unlikely to raise the $11.5 billion mandated by results of the government's "stress test" earlier this year.
- Blackstone Group LP (NYSE:BX) has begun talks with lenders to cut up to $5 billion from the $20 billion debt load carried by Hilton Worldwide, according to The Wall Street Journal.
- Carl Icahn has offered to buy debt from CIT Group Inc.'s (NYSE:CIT) "smaller" bondholders if they join his bid to block the troubled lender's prepackaged bankruptcy plan and debt exchange plan. (The Deal Pipeline subscribers can read the full story here.)
- IAC/InterActiveCorp (NASDAQ:IACI) may unload its Ask.com search engine rather than confront what even chairman and CEO Barry Diller admitted Tuesday was a "speculative" future.
A duo of private equity-backed IPOs went out Wednesday. - George White and Gerald Magpily
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VITAL SIGNS |
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Figures are calculated
according to the latest stock data available at approximately 4:00 pm
ET |
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October 28, 2009 |
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Benchmark |
Spread |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
|
LIBOR 1-MONTH |
0.24 |
-0.001 |
0.25 |
0.25 |
3.17 |
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LIBOR 3-MONTH |
0.28 |
-0.001 |
0.28 |
0.28 |
3.46 |
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TED |
0.21 |
+0.012 |
0.21 |
0.19 |
3.50 |
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Exchange |
Average |
Change from previous day |
1 week ago |
1 month ago |
1 year ago |
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VIX |
27.44 |
+2.61 (+10.51%) |
22.22 |
24.88 |
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T-bond |
Current Price/Yield |
Price/Yield change |
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3-Year |
99-25.5 / 1.45 |
0-03.5 / -.038
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5-Year |
100-06 / 2.33 |
0-06 / -.041 |
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10-Year |
101-25+ / 3.40 |
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