| TDP hits out at Jagan
HYDERABAD: The Telugu Desam has lashed out at Y.S. Jaganmohan Reddy, son of Chief Minister Y.S. Rajasekhara Reddy, for criticising the party and challenging its leaders to take part in the auction for land originally allotted to Raghuram Cements in Kadapa district. At a press conference here on Sunday, TDP spokesperson N. Rajakumari asked Mr. Jaganmohan Reddy to ponder whether it was proper for him and his relatives to take advantage of his father's position. Referring to Mr. Reddy taunting TDP leaders to compete and place their bids for the land, she wondered if there was a precedent of a political party participating in auctions. `Maha dharna' At another press conference, party leader E. Peddi Reddy urged farmers and people from Telangana districts to take part in the TDP `maha dharna' to protest against Maharashtra continuing works on Babli on April 24.
Going Once Auctions
It's time for the American Express Going Once auctions yet again. From April 17-27, U.S. and U.K. American Express card holders have the can bid on travel adventures. There is a set number of packages and the price drops every twenty minutes until 7:00 pm ET or until the package sells out. Buy early and risk not getting the best deal or wait as the price drops and miss out entirely.First up is a seven-night package to Conouan Island in the Grenadines. The price starts at $7,740. The other excursions include trips to Florence, South Africa, an American tour, Hong Kong, a cruise to Antarctica, a Disney World package, and a trip to the Mayan Riviera. There are also 19 fixed price packages under $3,000 and other travel deals available. .
Iran Seeking Bids To Build 2 More Nuclear Power Plants
Iran said Sunday it is seeking bids for the building of two more nuclear power plants, despite international pressures to curb its controversial program. Ahmad Fayyazbakhsh, the deputy head of Iran's Atomic Energy Organization in charge of power plants, said the plants would be light-water reactors, each with the capacity to generate up to 1,600 megawatts of electricity. Each plant would cost up to $1.7 billion and take up to 11 years to construct, he told reporters during a news conference at his office. .
BCE May Be Target of Bidding War as Teachers' Fund Weighs Offer
April 18 (Bloomberg) -- BCE Inc., Canada's biggest telephone company, may become the target of a bidding war. The Ontario Teachers' Pension Plan, BCE's biggest investor, said yesterday it will consider leading a group to make an offer that would compete with a bid from Kohlberg Kravis Roberts & Co. and a group of Canadian pension-fund managers. ``BCE's officially in play now and I think it's definitely a good thing,'' said Jonathan Popper, a portfolio manager at MFC Global Investments, which oversees the equivalent of $80 billion, including BCE shares. The Canada Pension Plan Investment Board, the Caisse de Depot et Placement du Quebec, and the Public Sector Pension Investment Board said yesterday they started takeover talks with Montreal-based BCE, whose market value is about C$31 billion ($27 billion).
BCE: A Bidding War Target for the World's Second Largest Buyout
John Bethel submits: Portfolio holding BCE (BCE) may be the target of a bidding war. One bidder looks to be a group led the Ontario Teachers Pension Plan, with the competing group being Kohlberg Kravis Roberts & Co. and a group of Canadian pension-fund managers. Frederic Tomesco and Chris Fournier report for Bloomberg: "BCE's officially in play now and I think it's definitely a good thing,'' said Jonathan Popper, a portfolio manager at MFC Global Investments, which oversees the equivalent of $80 billion, including BCE shares. More: The bids may reach the "low to mid-40s,'' Popper said. A buyout of BCE would be the world's second largest, after the $31 billion acquisition of Texas power producer TXU Corp. (TXU) by KKR and TPG Inc., excluding debt.
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