| 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.
BCE May Be Target of Bidding War as Funds Weigh Bids (Update2)
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).
Rosneft subsidiary wins 5th auction for bankrupt Yukos assets
MOSCOW, April 18 (RIA Novosti) - A subsidiary of Russia's state-run crude producer Rosneft has won the fifth auction for smaller assets of the now bankrupt oil company Yukos [RTS: YUKO], the country's federal property fund said Wednesday. Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company's tax arrears. Neft-Aktiv was declared the auction winner after it offered 1.03 billion rubles (about $40 million) for the lot compared with the lot's initial price of 992.31 million rubles (about $38.5 million). The other bidders included the companies Akkord and MorTransInvest, the fund said. The first auction held March 27 to sell Yukos's 9.44% stake in Rosneft was won by Rosneft's subsidiary RN-Razvitiye, which offered 197.84 billion rubles for the lot (about $7.6 billion), compared with the lot's initial price of slightly over 195.5 billion rubles (about $7.5 billion).
Online Reverse Auctions Revolutionize the Renewable Energy ...
GoGreenSolar.com provides an innovative online marketplace for buyers and renewable energy contractors to conduct trade. Buyers post a Request for Proposal (RFP); contractors compete, posting their bids and reducing their prices to win the auction. GoGreenSolar.com has created a unique new marketplace for both buyers and contractors. Los Angeles, CA (PRWEB) April 16, 2007 -- GoGreenSolar.com provides an innovative online marketplace for buyers and contractors to conduct trade. "Buyers post a Request for Proposal (RFP); renewable energy contractors compete, posting their bids and reducing their prices to win the auction," explained Deep Patel, President/CEO of Go Green Solar, LLC. "The contractors are responsible for a small commission on each awarded contract through the marketplace -- 3 percent of the total invoice billed to the buyer." With GoGreenSolar.com, it's the buyer's demand that drives down prices.
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