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wpengine

This is the "wpengine" admin user that our staff uses to gain access to your admin area to provide support and troubleshooting. It can only be accessed by a button in our secure log that auto generates a password and dumps that password after the staff member has logged in. We have taken extreme measures to ensure that our own user is not going to be misused to harm any of our clients sites.
Chinese banking regulators are expected to reject The Carlyle Group's $42 million offer to acquire a 7.99% stake in Chongqing City Commercial Bank, according to Bloomberg. http://www.carlyle.com/
AIG Financial Products Corp. has acquired a 50% partnership interest in Tenaska Energy's natural gas marketing companies: Tenaska Marketing Ventures, Tenaska Marketing Canada and Tenaska Gas Storage (collectively known as TMV). No financial terms were disclosed for the deal, which closed on March 31. www.aigfp.com
Safeguard Scientifics Inc. (NYSE: SFE) has sold Pacific Title & Art Studio Inc. to Celerity Partners and Ticonderoga Capital. The deal is valued at $23 million. Pacific Title is a provider of digital and photo-chemical services for post-production and archival applications in Hollywood's motion picture and television industry. www.pactitle.com
Apollo Management has agreed to acquire costume jewelry and accessories retailer Claire's Stores Inc. (NYSE: CLE) for $33 per share. The total transaction is valued at approximately $3.1 billion. Goldman Sachs is serving as financial advisor to Claire's. www.claires.com
Apollo Management is nearing a $3.1 billion deal to acquire accessories retailer Claire's Stores Inc. (NYSE: CLE), according to The New York Post. The paper says that the bid will come in between $32 and $34.50 per share, and that Apax Partners is not involved. Goldman Sachs is running the auction.
Clayton Dubilier & Rice has agreed to acquire The ServiceMaster Co. (NYSE: SVM) for approximately $5.5 billion (including the assumption of debt). Under terms of the deal, ServiceMaster shareholders would receive $15.625 per share, which is around a 16% premium over Friday's closing price of $13.47 per share. Banc of America Capital Investments, Citigroup Private […]
The Blackstone Group and GE Capital Solutions has agreed to acquire and split PHH Corp. (NYSE: PHH), a Mt. Laurel, N.J.-based company spun off from Cendant Corp. in early 2005. The deal is valued at around $1.69 billion, with PHH shareholders to receive $31.50 per share in cash (closed yesterday at $27.81). PHH has two […]
Cypress Semiconductor Corp. (NYSE:CY) has completed its sale of Silicon Valley Technology Center to Oak Hill Capital Partners and Tallwood Venture Capital for approximately $53 million in cash. SVTC gives startups and established companies the opportunity to develop and characterize novel silicon-based technologies cost effectively using a shared R&D environment. www.svtc.com
Merck KGaA is expecting at least two bids for its generic drugs business, according to The Financial Times Deutscheland. Apax Partners and Bain Capital have teamed up, while another group includes KKR and Warburg Pincus. The Carlyle Group also is considering a bid, while earlier reports indicated interest from Cinven, Permira and TPG. The final sale […]
Friendly Ice Cream Corp. (AMEX: FRN) shares hit a 52-week high yesterday, after announcing that it has retained Goldman Sachs to explore strategic alternatives that could include a sale of the company. The Wilbraham, Mass.-based company's market cap now stands at nearly $110 million. www.friendlys.com
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