All articles tagged with #bidding process
Originally Published 26 days ago — by USPS
The U.S. Postal Service announced a new initiative to open its last-mile delivery network to a broader range of shippers through a bid solicitation process, aiming to enhance delivery options, reduce costs, and increase revenue, with bids opening in early 2026.
Originally Published 2 months ago — by Bloomberg.com
Warner Bros. Discovery is preparing to share sensitive financial information with potential bidders, including major companies like Paramount, Netflix, Comcast, Amazon, and Apple, as it explores strategic options for its film, TV, and streaming assets amid ongoing acquisition interest and a planned company split.
Originally Published 2 months ago — by Gothamist
MGM Resorts withdrew its bid to develop a full-scale casino in Yonkers due to economic reasons and fierce competition, leaving three other projects in the running for New York state casino licenses, amid political controversy and local disappointment.
Originally Published 2 years ago — by CNBC
U.S. Steel has reportedly received multiple bids in excess of $40 per share, causing its stock to rise. The sale process, which began in August with an unsolicited bid from Cleveland Cliffs, is nearing its conclusion. Cleveland Cliffs' current bid is higher than its original offer, potentially structured to mitigate anti-trust concerns. If successful, the merger would create a company accounting for a significant portion of flat-rolled and auto-grade steel in the U.S. ArcelorMittal also submitted a bid, with potential financing to offer $45 per share in all cash.
Originally Published 2 years ago — by Fortune
US regulators are working to resolve the First Republic Bank crisis after a midday deadline passed for submitting final bids to take over the struggling lender. The Federal Deposit Insurance Corp. had asked banks including JPMorgan Chase & Co., PNC Financial Services Group Inc., and Citizens Financial Group Inc. to submit offers. If no agreement is reached, regulators would have the option of seizing First Republic and taking ownership of the bank. The bidding process could pave the way for a tidier sale of First Republic than the drawn-out auctions that followed the failures of Silicon Valley Bank and Signature Bank last month.
Originally Published 2 years ago — by Yahoo Finance
The Federal Deposit Insurance Corp. has asked banks including JPMorgan Chase & Co. and PNC Financial Services Group Inc. to submit final bids for First Republic Bank by Sunday after gauging initial interest earlier in the week. The bidding process kick-started by regulators could pave the way for a tidier sale of First Republic than the drawn-out auctions that followed the failures of Silicon Valley Bank and Signature Bank last month.
Originally Published 2 years ago — by The Athletic
The deadline for nations to express their interest in hosting the 2027 FIFA Women’s World Cup is approaching. The FIFA Council will select up to three bids for the FIFA Congress to choose a host using an open vote. The U.S. and Mexico have announced their intent for a joint bid, joining Belgium/Netherlands/Germany, Brazil, South Africa, Italy, Chile, and possibly Nordic countries. The bidding process is shorter for the Women’s World Cup compared to the men’s, and FIFA plans to announce the winning bid on May 17, 2024. The prize money is set to increase, and FIFA aims to equalize prize money between the men’s and women’s tournaments by the 2027 edition.
Originally Published 2 years ago — by USA TODAY
Amazon founder Jeff Bezos is not planning to submit a bid to purchase the Washington Commanders NFL team, according to a source. Bezos had previously been rumoured as a potential suitor for the team, which is currently owned by Daniel Snyder. Two groups, led by Josh Harris and Steve Apostolopoulos, have already submitted bids that meet Snyder's asking price of around $6bn.
Originally Published 2 years ago — by FDIC
The FDIC has extended the bidding process for Silicon Valley Bridge Bank, National Association, Santa Clara, California, due to substantial interest from multiple parties. The FDIC will allow parties to submit separate bids for Silicon Valley Bridge Bank, N.A., and its subsidiary Silicon Valley Private Bank. The FDIC is seeking bids on Silicon Valley Private Bank by March 22, 2023, and on Silicon Valley Bridge Bank, N.A. by March 24, 2023. Silicon Valley Bridge Bank, N.A., continues to operate as a nationally chartered bank, and vendors and counterparties with contracts with the bridge bank are legally obligated to continue to perform under the contracts.