| Salalah bids farewell to Indian ambassador
MUSCAT — The Indian expatriate community and prominent local government officials in Salalah turned out in large numbers to accord a grand and heartfelt farewell to Indian Ambassador Ashok Kumar Attri and his wife Usha Kiran Attri at a glittering event held at Hamilton Plaza Hotel on Tuesday.
Manpreet Singh, Indian Embassy consular in Salalah, supported by Dr Debashish Bhattacharya, co-convener of the Maharashtrian community and several other Indians came in large numbers to extend their sincere gratitude to the ambassador and his wife for all the good work and help they provided to every Indian in Oman during their tenure here.
The ambassador, in his speech, with a magnitude of gratitude to His Majesty Sultan Qaboos bin Said, praised his kindness and benevolence towards the Indian community in Oman.
16-04-2007 Capital Play bids $1.8 billion for New York's three ...
The bookmaker licensed in the Australian Capital Territory guarantees $500 million in track investments, $200 million for video lotteries terminals, $110 million to pay off the pension liabilities and annual lease payments of $50million to take over management of Aqueduct, Belmont Park and Saratoga horseracing tracks for the next 20 years. Capital Play is the developer of the Global Betting Gateway, an interface that allows gamblers to bet into some of the world's largest pari-mutuel wagering pools. Elsewhere, Tattersall's continues with its diversification away from Victoria with the acquisition of Queensland lottery operator Golden Casket. "In the gambling sector you don't want to be too dependant upon a particular jurisdiction so we're building a nice geographic spread, operating in a number of different jurisdictions," commented Tattersall's CEO Dick McIlwain.
The Oppertunity Auctions Supply Deliver
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The Pot Is Sweetened In Clear Channel Bidding
The buyout groups bidding for Clear Channel Communications have suggested sweetening their offer by allowing shareholders to co-invest in the firm. The bidders, private equity firms Bain Capital and Thomas H. Lee Partners, have proposed raising their $26 billion offer and have also suggested a broad package of adjustments, which includes letting shareholders co-invest in a small part of the deal, says a report from the New York Times.
Thomas H. Lee and Bain Capital's $37.60-a-share offer has run into resistance from some shareholders and proxy advisory firms, who argue that the deal undervalues Clear Channel. It remains to be seen whether a potential small rise in the deal price will be enough to sway investors, or whether shareholders will demand a more significant hike.
DEP seeks bids as Croton project cost rises
The city Department of Environmental Protection confirmed this week that it is now seeking to negotiate a contract with the second-lowest bidder for construction of the Croton Water Treatment Plant in the Bronx at a cost of an additional $200 million.
The first bidder, a joint venture led by the Perini Corp., had bid $1.3 billion, which the city accepted in November. But Perini recently withdrew from the process, a DEP spokesman said. He would not elaborate.
An insider said that the city Department of Investigation had qualms about violations involving Perini's meeting targets for subcontracts with minority- and women-owned business enterprises; the company was convicted in California in 2001 of making fraudulent MWBE claims.
The DEP spokesman says Slattery Skanska, the only other bidder for the Croton plant construction at $1.5 billion, can now choose to accept or decline the work.
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