Egypt has cancelled the auction of state owned Banque du Caire, saying bids did not meet the reserve price.
“The auction did not reach the price set by the evaluating commiteee,” Banque du Caire chairman Mohamed Barakat told a news conference.
“The intention to sell the bank is still there but no timing has been decided,” he […]

The Colombian government will auction rights to seek oil in more than 100 blocks on Oct. 24, the chief of the oil licensing agency, known as ANH, said in an interview.
The Colombian government will auction about 100 small areas, some of which had been handed over by companies back to the government, Zamora said. Interested […]

United Rentals, Inc. has announced that it has commenced a “modified Dutch auction” tender offer in which the company is offering to purchase up to 27,160,000 shares of its common stock at a price not less than $22.00 nor greater than $25.00 per share. The company had previously announced on June 10, 2008 its intent […]

Trade Receivable Exchange Inc. has been acquired by Restricted Stock Partners for an undisclosed amount, officials said Monday.
Denver-based Trade Receivable Exchange (T-REX) is an online auction platform started in 2007 to provide liquidity for holders of bankruptcy trade claims. It has 650 members.

Zagat Survey has said it would end its strategic review after five months, and instead stay its “organic growth” course.
In March, The Deal’s Luisa Beltran reported private equity firms had lost their appetite for the New York-based restaurant guide publisher. Zagat pulls in nearly $8 million to $10 million Ebitda, sources said at the time, […]