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Gladstone Commercial to create new class of senior shares with $50 million private sale
Chicago Tribune | 10 hours 7 minutes ago
MCLEAN, Va. (AP) ? Gladstone Commercial Corp., a real estate investment trust, said Monday it will create a new class of ownership by offering senior common shares in a private sale.... (more)
Dynex buys Deutsche Bank share of joint venture
Seattle Times, The | 10 hours 9 minutes ago
Dynex Capital Inc., a mortgage real estate investment trust, said Monday its subsidiary, Issued Holdings Capital Corp., has bought Deutsche Bank's shares of a joint venture for $9.5 million in cash, giving Dynex 99.75 percent ownership.... (more)
Gladstone to create class of senior shares
Fort Worth Star-Telegram (Texas) | 10 hours 11 minutes ago
The Associated Press MCLEAN, Va. ? Gladstone Commercial Corp., a real estate investment trust, said Monday it will create a new class of ownership by offering senior common shares in a private sale.... (more)
Dynex buys Deutsche Bank share of joint venture for $9.5M, will take $3M charge in 4Q
Star Tribune (Minneapolis-St. Paul, Minn.) | 10 hours 16 minutes ago
GLEN ALLEN, Va. - Dynex Capital Inc., a mortgage real estate investment trust, said Monday its subsidiary, Issued Holdings Capital Corp., has bought Deutsche Bank's shares of a joint venture for $9.5 million in cash, giving Dynex 99.75 percent ownership.... (more)
GE Said to Lean Toward IPO of Vivendi's 20% Stake in NBC Universal Unit
Bloomberg | 10 hours 23 minutes ago
The two sides are about $500 million apart on a valuation for Vivendi's 20 percent stake in the entertainment unit, and little progress has been made in recent days, said the person, who declined to be named because discussions are private. GE, which owns the remaining 80 percent of NBC Universal, may still agree to buy out Vivendi if talks advance, the person said.... (more)
Wire Business News
Sacramento Bee (Calif.), The | 10 hours 52 minutes ago
GLEN ALLEN, Va. -- Dynex Capital Inc., a mortgage real estate investment trust, said Monday its subsidiary, Issued Holdings Capital Corp., has bought Deutsche Bank's shares of a joint venture for $9.5 million in cash, giving Dynex 99.75 percent ownership.... (more)
CIT Group Wins Final Bankruptcy Court Approval of $500 Million Loan Accord
Bloomberg | 10 hours 57 minutes ago
U.S. Bankruptcy Judge Allan Gropper in Manhattan today granted CIT's request to approve the loan from a group of lenders led by Bank of America Corp. Gropper allowed CIT to borrow $125 million on an interim basis earlier this month.... (more)
Vivendi Sits in Catbird Seat
Wall Street Journal, The | 11 hours 2 minutes ago
Will Vivendi have the nerve to press the button? The French media group is the biggest hurdle between General Electric and a sale of half its NBC Universal unit to Comcast. Vivendi wants a check for nearly $6 billion in return for its 20% of NBCU, a stake that already has been written down to about $6 billion from a value of $8.3 billion in May 2004. GE is said to be offering at least $500 million less.... (more)
GE Said to Lean Toward Public Offering of Vivendi's NBC Universal Stake
Bloomberg | 12 hours 22 minutes ago
The two sides are about $500 million apart on a valuation for Vivendi's stake in the entertainment unit, and little progress has been made in recent days, said the person, who declined to be named because discussions are private. GE, which owns the remaining 80 percent of NBC Universal, may still agree to buy out Vivendi if talks advance, the person said.... (more)
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