| Minot Park Board accepts bids for pool projects
The Minot Park Board voted unanimously Tuesday night to accept the bids for the Roosevelt Park and Oak Park pool projects after the costs were lowered a bit.
A clarification from the soil engineer indicated that excavation under the existing pool deck slabs at Roosevelt Park pool would not be necessary, resulting in a savings of $30,000. The concrete blocks used for the bath house were changed from burnished blocks to regular blocks, which saved $36,050. This brought the general contract down to $951,550. In the end, the combined total of all of the contracts was reduced by $89,689.
The replacement of the small barn in the childrens zoo at Roosevelt Park Zoo was also discussed. With the zoo opening in two weeks, zoo management felt the barn, which was destroyed by fire recently, needed to be replaced as quickly as possible.
5 State Governments announce auctions of SDL 2017
The following State Governments have announced the sale of 10-year State Development Loans for an aggregate amount of Rs.1,837.000 crore through a yield based auction using multiple price auction method. Sr. No. State Notified Amount (Rs. crore) 1. Gujarat 400.000 2. Maharashtra 500.000 3. Mizoram 47.000 4. Nagaland 140.000 5. Rajasthan 750.000 Total 1837.000 The auction will be conducted by the Reserve Bank of India (RBI) at Mumbai on April 19, 2007 (Thursday).
London pre-open: Wall Street record to lift London
LONDON (SHARECAST) - London is expected to start brightly after another record high on Wall Street overnight. The higher offer for Alliance Boots and possibility of a bidding war should also help sentiment. Traders predict Footise will open up at least 20 points. Alliance Boots will be the main interest early on. It has agreed a 10.6bn takeover offer from a pairing of private equity firm KKR and its own deputy chairman Stefano Pessina. The new offer is worth 10.90 a share in cash, up 50p per share from their previous offer of 10.40. The move that may spark a bidding war with a rival consortium led by Terra Firm, newspaper reports this morning suggested. Ad giant WPP's first-quarter like-for-like revenues increased 4.3%, slightly below market forecasts. The firm said there had been some softness in the US in the last few months offset by improvements in Western Europe.
Wesfarmers faces Coles bidding war
COLES last night moved to warn shareholders to retain their shares in anticipation of a higher offer. The move came ahead of it opening its books to suitors tomorrow. The nation's second largest retailer said that Wesfarmers' cash offer, worth $16.47 a share, was not an offer that the Coles board would be prepared to recommend to its shareholders. "Until such time as Coles' ownership review has been completed and the Coles board has made a recommendation to shareholders, Coles shareholders are advised not to sell, or grant economic or voting interests over, their shares," the company said in a statement. Meanwhile, Wesfarmers' first-mover advantage has failed to pay off, with all bidders who have signed confidentiality agreements able to enter the room as soon as tomorrow.
Disruptors Welcome
In the olden days--before 2005--eBay (NASDAQ:EBAY) was ambivalent about independent developers who ginned up applications to help buyers and sellers navigate its online auctions. In fact, it actually charged those developers fees, up to hundreds of thousands of dollars a year, based on the number of people who used the programs. .
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