Wednesday, June 10, 2009

U.S. judge suspends Fiat takeover of Chrysler

A judge of the U.S. Supreme Court on Monday stopped the sale of Chrysler's assets to Fiat, pending a further order from the court.

Judge Ruth Bader Ginsburg issued the decision after three Indiana pension funds sought to have the sale blocked.

The funds had asked the court to hear their appeal of two lower court rulings backing the sale.

Ginsburg's two-paragraph order did not address that issue, but it does give the court time to consider what it wants to do.

U.S. judge suspends Fiat takeover of Chrysler

A judge of the U.S. Supreme Court on Monday stopped the sale of Chrysler's assets to Fiat, pending a further order from the court.

Judge Ruth Bader Ginsburg issued the decision after three Indiana pension funds sought to have the sale blocked.

The funds had asked the court to hear their appeal of two lower court rulings backing the sale.

Ginsburg's two-paragraph order did not address that issue, but it does give the court time to consider what it wants to do.

U.S. judge suspends Fiat takeover of Chrysler

A judge of the U.S. Supreme Court on Monday stopped the sale of Chrysler's assets to Fiat, pending a further order from the court.

Judge Ruth Bader Ginsburg issued the decision after three Indiana pension funds sought to have the sale blocked.

The funds had asked the court to hear their appeal of two lower court rulings backing the sale.

Ginsburg's two-paragraph order did not address that issue, but it does give the court time to consider what it wants to do.

U.S. judge suspends Fiat takeover of Chrysler

A judge of the U.S. Supreme Court on Monday stopped the sale of Chrysler's assets to Fiat, pending a further order from the court.

Judge Ruth Bader Ginsburg issued the decision after three Indiana pension funds sought to have the sale blocked.

The funds had asked the court to hear their appeal of two lower court rulings backing the sale.

Ginsburg's two-paragraph order did not address that issue, but it does give the court time to consider what it wants to do.

R.R. Donnelley ups bid for Quebecor World

U.S. printing company R.R. Donnelley & Sons. Co. of Chicago has increased its offer for competitor Quebecor World, a filing with U.S. regulators shows.

Donnelley, which originally bid $1.3 billion US for Montreal-based Quebecor, has added about $200 million in cash and stock to its offer and "confirmed our intention to assume significant pension liabilities," it said in a letter to Quebecor World.

Quebecor World is restructuring in creditor protection.

R.R. Donnelley ups bid for Quebecor World

U.S. printing company R.R. Donnelley & Sons. Co. of Chicago has increased its offer for competitor Quebecor World, a filing with U.S. regulators shows.

Donnelley, which originally bid $1.3 billion US for Montreal-based Quebecor, has added about $200 million in cash and stock to its offer and "confirmed our intention to assume significant pension liabilities," it said in a letter to Quebecor World.

Quebecor World is restructuring in creditor protection.

R.R. Donnelley ups bid for Quebecor World

U.S. printing company R.R. Donnelley & Sons. Co. of Chicago has increased its offer for competitor Quebecor World, a filing with U.S. regulators shows.

Donnelley, which originally bid $1.3 billion US for Montreal-based Quebecor, has added about $200 million in cash and stock to its offer and "confirmed our intention to assume significant pension liabilities," it said in a letter to Quebecor World.

Quebecor World is restructuring in creditor protection.