| New High-Tech Online Auction Site Specializes in Rare and ...
After more than a year in development, VAMquest.com is now up and running as an Internet auction site for VAM collectors. Each month a new VAM auction, featuring a wide array of rare TOP 100, HOT 50 and TOP 50 Morgan and Peace dollar varieties will be available for viewing at www.VAMquest.com. Auctions will then close on the 15th of the same month at 8 pm PST. Michael Oxman, President of VAMquest Auctions, said recently, At VAMquest, our plan is to focus on the ultra popular varieties in top-of-the-line grades. The fact is that we'll be more than a little disappointed if we don't offer at least a few VAMs each month that collectors have spent a lifetime trying to find! VAMquest is currently auctioning an 1878-P 8-TF VAM 14-15 in AU50 condition, as well as the ultra-rare 1903-S Micro S VAM 2, also in AU50.
Insurance Auto Auctions Opens in Western Colorado
WESTCHESTER, Ill.--(BUSINESS WIRE)--April 17, 2007--Insurance Auto Auctions, Inc., a leader in automotive and specialty vehicle auction services in the United States, today announced the opening of its newest auction center - Western Colorado - in Delta, located about 30 miles south of Grand Junction. The new 10-acre facility will provide service coverage to western Colorado as well as portions of southern and southeastern Utah. Live auctions at Western Colorado will include the I-bid LIVE(sm) internet bidding platform that combines live auctions with live auction internet bidders. This format, standard at all IAA locations, has maximized selling prices at IAA auctions across the United States. The new auction center is IAA's 2nd location in Colorado and follows the January opening of a new state-of-the-art facility in Denver.
TPG pulls out of Sainsbury bidding group -source
LONDON, April 10 (Reuters) - Private equity firm Texas Pacific Group [TPG.UL] has withdrawn from the group bidding for UK supermarket chain J. Sainsbury (SBRY.L: Quote, Profile, Research), and was not part of the sweeteend 10.1 billion pound ($19.9 billion) offer, a person familiar with the situation said on Tuesday. "It's price and the feeling that Lord Sainsbury is not going to sell no matter what," said the source, who requested anonymity because of the confidential nature of the negotiations. Texas Pacific and the consortium both declined to comment. The suitor group, led by CVC Capital Partners [CVC.UL], submitted a raised offer of 582 pence a share, another source earlier told Reuters, but the Sainsbury family is holding out for at least 600p, a third source said.
Tenn. town echoes questions on bids; How could ambulance service ...
For the second straight day, Professional Medical Transport's bid to provide ambulance service in a suburb drew questions on how it could be done for such a low price. The Knoxville-based company, as it had in Collierville on Monday, was the low bidder for the ambulance contract in Germantown, saying they could provide the service for a base price of $613,179 annually. That was almost half the price of the lowest among the other three companies submitting bids for Tuesday's opening in Germantown. And the rest of the vendors and some city officials are interested in the details of ProMed's bid to make sure the company can meet the demands outlined by the suburbs. "I'm surprised at some of the bids; some of them came in a lot lower than I ever thought I would see for a small operation like this," said Glenn Miller of Rural/Metro.
Coles in bidding war
TROUBLED retailer Coles Group is headed for a bidding war after the private equity consortium led by US buyout group Kohlberg Kravis Roberts provided written confirmation that it could trump Wesfarmers' $20 billion takeover proposal. Coles (cgj.ASX:Quote,News) said the KKR bid team had written to the board to confirm its continued interest in buying the company, which last year rejected an offer of $18.2 billion from the consortium, which includes private equity giants Bain, CVC, KKR, Blackstone Group, Carlyle Group and Texas Pacific. Coles chairman Rick Allert, who has tried to talk up the prospect of a bidding war for Coles (cgj.ASX:Quote,News) since the company officially put itself up for sale in February, said KKR had "indicated its confidence in getting to a price equal to or above $16.47 per share, subject to due diligence''.
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