Entries tagged "Maguire Properties"
Remember the old adage, don't put all your eggs in one basket? Well, that's one that executives at real estate investment trust Maguire Holdings Inc. didn't listen to. The Los Angeles-based REIT borrowed heavily over the last five years to the tune of $5 billion to become downtown Los Angeles' biggest office landlord, with its only property outside Southern California being the 52-story Wells Fargo Center in Denver (pictured at right). Now, drowning in debt with the real estate sector in a slowdown, Maguire is trying to dig itself out of its hole with the planned sale of its 105-acre...
The on-again, off-again Microsoft Corp. [MSFT] - Yahoo! Inc. [YHOO] is, well, on again. The two tech titans reportedly resumed their talks May 18, but the deal may only involve Microsoft acquiring a stake in Yahoo! as opposed to its former offer for the entire company. Dealmakers and investors are digesting the evolving talks as stocks of both tech titans have moderately moved. Overall, the possible hookup heated up the markets in Monday midday trading as the Dow rose 79.63, or 0.61%, to 13,066.43, while the Nasdaq jumped 16.62, or 0.66%, to 2,545.60. Here's a closer look of Deal Stocks...
Maguire Properties Inc.'s special committee says it's still reviewing its strategic alternatives after rejecting a $952 million offer for 75% of the firm from its CEO, chairman and founder Robert Maguire....
The markets were driving in neutral Monday despite the barrage of M&A deals. Some notable transactions included: Mars Inc.'s purchase of William Wrigley Jr. Co. [WWY] , Maguire Properties Inc.'s [MPG] offer to go private and US Airways Group Inc.'s [LCC] and UAL Corp.'s [UAL] reported merger talks. Overall, the Dow finished down 20.11, or 0.16%, to 12,871.75 while the Nasdaq inched up 1.47, or 0.06%, to 2,424.40 ...
Los Angeles-based Maguire Properties Inc. [MPG] took down the for-sale sign Friday, prompting investors to flee the stock. Maguire joins a bevy of companies in the real estate sector and anything remotely related to that industry such as Bear Stearns Cos. [BSC] that have suffered, pushing the U.S. economy to a major slowdown. Meanwhile, investors traded with no conviction as the markets rose slightly midday Friday with the Dow up 4.88, or 0.04% to 12,307.34 and the Nasdaq up 3.86, or 0.17% to 2,284.69. Here's a closer look at the performance of Deal Stocks in Friday midday trading: ...
Just posted on The Deal's juicy rumor site, Garbitrage: Los Angeles-based Maguire Properties Inc., which put itself up for sale in December, may be close to sealing a deal.For more details click here. - Maria Woehr ...
