Takeover Talk November 22, 2006, 3:51PM EST

Tracinda Corp. Plans to Boost Stake in MGM Mirage

GM falls on speculation that Kirk Kerkorian's firm sold shares, and more deal news

Story Tools

Deals in the news

Company	Symbol	Date	Price	Comment
GENERAL MOTORS	GM	11/22/2006	32	Stock seen lower on speculation that Kirk Kerkorian's proposed increased stake in MGM may be at expense of his GM holdings.
MGM MIRAGE	MGM	11/22/2006	54	Kirk Kerkorian's Tracinda Corp. plans cash tender offer for up to 15 million additional shares at $55 each, potentially raising its stake to as much as 61.7% from 56.3%.
PARLUX FRAGRANCE	PARL	11/22/2006	7	Glenn Nussdorf, who holds 12.2% stake in co., says he plans to solicit proxy to remove all or majority of board members, replace them with his own nominees.
SOLECTRON CORP	SLR	11/22/2006	3	Says its board voted to end poison pill.
CONTINENTAL AIRLINES	CAL	11/21/2006	44	Reuters reports that co.'s CEO said CAL, concerned about being dwarfed by larger competitors, would consider a merger if necessary to maintain its competiveness.
AMERISTAR CASINO	ASCA	11/20/2006	28	Seen higher amid takeover speculation after 11/19 death of CEO Craig Neilsen.
COTHERIX INC	CTRX	11/20/2006	13	Actelion to buy: $13.50 = CTRX.
EQUITY OFFICE PROPERTIES	EOP	11/20/2006	48	Affiliate of Blackstone Group to buy: $48.50 = EOP.
NETSMART TECH	NTST	11/20/2006	16	Insight Venture Partners, Bessemer Venture Partners to buy: $16.50 = NTST.
OREGON STEEL MILLS	OS	11/20/2006	64	Evraz Group to buy: $63.25 = OS.
PHELPS DODGE	PD	11/20/2006	121	FCX to buy: $88 plus 0.67 FCX = PD.
TD BANKNORTH	BNK	11/20/2006	32	TD to buy: $32.33 = BNK.
WYNN RESORTS	WYNN	11/20/2006	90	Steve Wynn reportedly gets antitrust OK to acquire additional shares of WYNN.
CONOR MEDSYSTEMS	CONR	11/17/2006	33	JNJ to buy: $33.50 = CONR.
RECKSON ASSOCIATES	RA	11/17/2006	48	Confirms receipt of $49/share acquisition bid from partnerhip formed by entities tied to Harry Macklowe, Carl Icahn; RA board to engage in talks with these men.
U.S. STEEL	X	11/17/2006	70	Shares seen higher on unconfirmed report that a takeover of co. is in the works.

All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure

Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.