| Burlco eyes Web auctions
Burlington County plans to join other local governments in auctioning government surplus items on the Web. The Burlington County Freeholders authorized its treasurer's office to sign an agreement with GovDeals Inc., which operates an Internet auction site called www.govdeals.com. The freeholders said they will sell vehicles and office equipment to the public online to make more money, save time and attract more bidders. Sharon Brauckmann, county purchasing agent, said the auction would be held later this year and not until the state Department of Community Affairs gives its approval. She said the state must approve a county application to waive the normal local public auction using an auctioneer. Kurt Brock, the county's chief financial officer, said the state is approving Internet auctions of government property only on eBay and GovDeals.
Lasko and Controlled Companies Bidding to Take Over Delo
Beverage group Pivovarna Lasko, along with controlled companies Radenska and Talis, on Monday, 2 April published a bid to acquire all of newspaper publisher Delo at EUR 135.50 per share. Given that the companies already hold just over 44% of Delo, the purchase of the remaining share would cost a total of EUR 50.5m.
The bid, which is open until 3 May, is made out for all 372,726 Delo shares which are not yet owned by the bidders, according to the offer posted on the Ljubljana Stock Exchange.
The three companies have agreed that all of the shares acquired will go to Pivovarna Lasko, which will also fund the acquisition. However, the companies leave it open for the target shares to be transferred to other affiliated companies in the future.
According to the bidders, the acquisition is aimed at consolidating the target company.
Special number plates to be sold at charity auction
Abu Dhabi: A first-of-a-kind charity auction to sell car plates with special numbers will take place at Emirates Palace next month, according to Abu Dhabi Police. The auction, titled 'A Special Number for A Special Cause' is organised by the Abu Dhabi Traffic Department at the General Headquarters of Abu Dhabi Police in cooperation with The Emirates Auctions Company. The auction will be held on May 12 at 10am. The money collected from the auction will go to the newly-founded fund for road accident victims, in addition to supporting people with special needs, according to a police official. .
Lehman Bros confident it will prevail
Lehman Brothers is confident that it will be exonerated from charges of colluding to evade tax by citing official guidelines allowing it to set up Global Thai Property Fund. The US financial house yesterday met with the Department of Special Investigation (DSI) to submit documentary evidence, a source said. The package included the directive from the Financial Sector Restructuring Authority (FRA) giving winners of auctions for the assets of the now-defunct 56 finance companies a month to establish a property fund to manage the assets, he said. The DSI will contact Lehman Brothers about its decision at the beginning of June, he said. Lehman Brothers had signed a purchase agreement with the FRA within seven days of winning the bidding, as required by the FRA, the source added.
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