Wednesday, January 5, 2011

BAE (LSE:BA) Asks GE (NYSE:GE), Eaton (NYSE:ETN), Warburg Pincus for Final Bids

BAE Systems Plc (LSE:BA) has requested General Electric (NYSE:GE), Eaton Corporation (NYSE:ETN) and Warburg Pincus to submit final bids for their Platform Solutions unit this week.

With three bids being offered in the latter part of December, the process has went on longer than expected, as the decision was expected to be made at that time.

Evidently BAE is pushing the three into a bidding war of a sort in hopes of extracting a better price from the winner.

Analysts have expected the platform solutions group to attract a bid from $1.6 billion to $2 billion, but sources say they all came in on the lower end of the range.

BAE reportedly wants to close a deal sometime within the next several weeks.

2 comments:

Anonymous said...

Rimm will kick Apple out in 2011. The playbook is a must tool to buy. Ipad is only a toy for kids. No way I will buy ipad.

Anonymous said...

I believe Rim will beat Apple in no time. Apple has so far fooled everyone, but eventually people going to recognize that apple does not have much to offer. Iphone's OS is so limited and sucks. I had Iphone for last two years and it was getting so annoying both software and hardware wise.

Iphone is only good for those people who watch movies or listen to music, where RIM and all other smart phones also can do plus more.

Just imagine doing some simple things with Iphone.
1. Setup a ringtone that you have the music on your computer.
2. If your computer crashes you can not transfer your photos or music to another pc. As soon as you synch with another pc you will lose everything you had on your iphone.

The list of incapability of iphone is long and I am sure everyone who has used iphone has had some sort of these issues.

Regarding Iphone having more apps compare to RIM that is ridiculous.
Who needs 200,000+ apps? It is better to have a few good apps then allot of junks. Those 200K+ software that apple has are mostly repeated and half of them are junk. Try to search for one app and you get confuse which one to use and after trying 10 different ones you still have no luck.

Rim is doing well over seas and locally. And like one the readers said RIM is very cheap at this price and within 6 months it will hit 90 easily.