Deals of the day -- mergers and acquisitions

Tue Aug 6, 2013 4:07pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Aug 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Blackstone Group LP is exploring a sale of La Quinta Inns & Suites, a budget hotel chain it values at around $4.5 billion, a person familiar with the matter said.

** Global Tower Partners, a U.S. wireless tower operator, is up for sale and may fetch more than $4 billion, according to a person familiar with the asset.

Other telecom tower operators as well as infrastructure funds are expected to have a look at the largest privately held operator of U.S. cell towers, the person said.

** The Washington Post Co said on Monday it has sold its flagship newspaper to Jeff Bezos, the founder of Inc for $250 million.   Continued...