Archives
Nationwide Financial and Reich & Tang Divvy Up HighMark Funds
HighMark Funds, the mutual fund arm of UnionBanCal is being sold to Nationwide Financial and Reich & Tang.
The Monterey in Manhattan Sold for US$250 million
Cammeby's International Group would be purchasing the Monterey for the sum of US$250 million. One of the largest apartment towers in Manhattan would be purchased by Rubin Schron, Related Cos is selling one of its assets to the part owner of the Woolworth Building.
Maker of Dificid Drug Entices many Suitors
Optimer Pharmaceuticals is subject to many possible offers from other drug companies. The antibiotics pharmaceutical maker Optimer Pharmaceuticals Inc has been the subject of interest from GlaxoSmithKline Plc and Astellas Pharma Inc of Japan.
Yankee Stadium Parking Operator in Hot Water
The Bronx Parking Development Corp skipped payment of interest to its bondholders and is now contemplating bankruptcy protection.