| Proceeds of 'meet and greet' auction benefits three local charities
Christina Aguilera's "Back to Basics" tour, stopping at more than three dozen cities in the United States and Canada, is about more than the music. At each concert site, Ticketmaster auctioned off "meet and greet" packages, with proceeds earmarked for three charities Aguilera supports. One is the Women's Center and Shelter of Greater Pittsburgh, where Aguilera's mother, Shelly Kearns, is on the board of directors. "We feel honored that she cares so much about the cause and about what we're doing here in Pittsburgh," says Ellen Gamble, development director for the center, which helps 5,200 women and children each year in Pittsburgh and Allegheny County. In addition, Gamble says, Aguilera's decision to highlight the problem of domestic violence gives attention to the issue on a national scale.
Algonquin quits bidding war
Algonquin Power Income Fund has bowed out of the bidding for Clean Power Income Fund, leaving Macquarie Power & Infrastructure Income Fund the sole contender with its $226 million offer. Algonquin Power said yesterday its most recent bid of $5.47 per unit remains on the table, but it declined to match Macquarie's higher bid worth about $6.39 a unit. Should Clean Power decide to accept Macquarie's offer, Algonquin is entitled to a break fee of $1.75 million. Canadian Press .
US Bids and IPOs light up Stewardship
The bid for SLM, one of the largest holdings in the ethical Stewardship International Fund, managed by F&C's Sophie Horsfall, has seen the company's share price sky rocket 35 per cent since the end of last month.
According to Horsfall this is one of the few financial companies she can hold owing to Stewardship's strict ethical screening process.
Horsfall said: "We have held SLM for several years now and started investing whilst it was still in its former guise as Sallie Mae, one of the US Government's sponsored enterprises. The company, which specialises in educational lending, changed its name when it became independent in 2004.
"SLM has been the subject of a $25bn offer at $60 a share from a group comprising JP Morgan Chase, Bank of America and two private equity bidders which has pushed the company's share price up from $40.90 at the end of March to $55.31 a share on Wednesday.
16-04-2007 Capital Play bids $1.8 billion for New York's three ...
The bookmaker licensed in the Australian Capital Territory guarantees $500 million in track investments, $200 million for video lotteries terminals, $110 million to pay off the pension liabilities and annual lease payments of $50million to take over management of Aqueduct, Belmont Park and Saratoga horseracing tracks for the next 20 years. Capital Play is the developer of the Global Betting Gateway, an interface that allows gamblers to bet into some of the world's largest pari-mutuel wagering pools. Elsewhere, Tattersall's continues with its diversification away from Victoria with the acquisition of Queensland lottery operator Golden Casket. "In the gambling sector you don't want to be too dependant upon a particular jurisdiction so we're building a nice geographic spread, operating in a number of different jurisdictions," commented Tattersall's CEO Dick McIlwain.
St. Francis Co. delinquent land auction sale nets $26719
The State Land Office collected close to $28,000 in revenue during the recent sale of tax-delinquent St. Francis County properties. According to a press release from the State Land Office, Commissioner of State Lands Mark Wilcox conducted the auction of tax-delinquent properties at the St. Francis County Courthouse. According to the press release, a total of 25 interested bidders attended the sale, which is held annually by the state to dispose of land on which the taxes have been past due for over four years. Ninety parcels were sold, collecting a total of $26,719.57 for St. Francis County and state government. The Land Commissioners office conducts one tax-delinquent land sale per county each year. A small percentage of certified parcels make it to public auction because a majority of the properties certified to our office are redeemed, which means that the back taxes are paid by the original owner, said Wilcox in the press release.
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