Cable operator Insight has attracted offers of over $3 billion in an auction that counted Mediacom (NASDAQ:MCCC) and WideOpen West as bidders. Time Warner Cable (NYSE:TWC) is interested in the company, but is unlikely to make a bid unless the price falls below $3 billion, while Cablevision (NYSE:CVC) has already dropped out of the auction.
National Oilwell (NYSE:NOV) has agreed to buy pipeline-maker Ameron International Corp. (NYSE:AMN) for $772 million in cash, valuing shares at $85 each, a 28% premium on Ameron’s closing price July 1.
Warren Buffet’s Berkshire Hathaway Inc. is part of a consortium of bidders for Citibank‘s (NYSE:C) consumer-lending business, CitiFinancial. Other bidders include Centerbridge Partners LP and Leucadia National Corp. The consortium plans to write a large equity check as well as borrow money in order to finance what could be an $8 billion purchase.
Yesterday Bank of Montreal (TSE:BMO) closed its purchase of Milwaukee’s Marshall & Ilsley Corp., and with the deal’s close, seventeen of M&I’s officers became entitled to $90 million worth of cash and stock, depending on whether they stayed with BMO.
Disney (NYSE:DIS) CEO Robert Iger says that Hulu‘s owners — NBCUniversal (NASDAQ:CMCSA), Fox Entertainment Group (NASDAQ:NWSA), Providence Equity Partners, and of course, Disney — are committed to selling the online video streaming website. Reportedly showing interest in the site are Google (NASDAQ:GOOG), Yahoo! (NASDAQ:YHOO), and Microsoft (NASDAQ:MSFT).
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