Write-Offs: 08.27.12

$$$ M&T To Buy Hudson City In Deal Valued At $3.7 Billion [Bloomberg] $$$ Best Buy Founder Gets Green Light to Pursue Buyout [WSJ] $$$ Don't all M&A processes leak and push up the target stock price? Anyway, Deltek's did [Term Sheet] $$$ Mike Evans heats up Goldman succession speculation by buying an apartment [DealBook] $$$ Americans Think the Rich Are Smarter, But Greedier [CNBC] $$$ Quincy Jones 'knew of alleged plot by Steve Wynn to kill founder of Girls Gone Wild and hide his body in the desert' say court documents [Daily Mail] $$$ Prudential is looking for an associate manager for derivative products [DBCC] $$$ In Dollar Thrifty Deal, Hertz Bets Big on Certainty of Closing [DealBook] $$$ Delaware court affirms $2 bln Southern Copper judgment [Reuters] $$$ Allowing mortgage cramdowns raised mortgage rates by 10-20bps for risky borrowers [Credit Slips] $$$ The Sharapova Effect: you try harder to succeed in sports if you're good-looking enough to get lots of endorsement deals [Freakonomics] $$$ “Remember when McDonald’s used to be called Mickey D’s?” asks Becky Johnson, a senior vice president at Applebee’s. “That was a street slang term, people playing with the name. We found out that ‘the bee’s’ is how the kids are describing Applebee’s.” By “kids,” she means twenty- and thirtysomething singles who may eat at Applebee’s with co-workers or family members, but who generally go elsewhere—like, to an actual bar—at night and on the weekends. “The bee’s is an overt invitation to them,” says Johnson. “We want them back.” [BBW]
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$$$M&T To Buy Hudson City In Deal Valued At $3.7 Billion [Bloomberg]

$$$Best Buy Founder Gets Green Light to Pursue Buyout [WSJ]

$$$ Don't all M&A processes leak and push up the target stock price? Anyway, Deltek's did [Term Sheet]

$$$ Mike Evans heats up Goldman succession speculation by buying an apartment [DealBook]

$$$Americans Think the Rich Are Smarter, But Greedier [CNBC]

$$$Quincy Jones 'knew of alleged plot by Steve Wynn to kill founder of Girls Gone Wild and hide his body in the desert' say court documents [Daily Mail]

$$$ Prudential is looking for an associate manager for derivative products [DBCC]

$$$In Dollar Thrifty Deal, Hertz Bets Big on Certainty of Closing [DealBook]

$$$Delaware court affirms $2 bln Southern Copper judgment [Reuters]

$$$ Allowing mortgage cramdowns raised mortgage rates by 10-20bps for risky borrowers [Credit Slips]

$$$The Sharapova Effect: you try harder to succeed in sports if you're good-looking enough to get lots of endorsement deals [Freakonomics]

$$$“Remember when McDonald’s used to be called Mickey D’s?” asks Becky Johnson, a senior vice president at Applebee’s. “That was a street slang term, people playing with the name. We found out that ‘the bee’s’ is how the kids are describing Applebee’s.” By “kids,” she means twenty- and thirtysomething singles who may eat at Applebee’s with co-workers or family members, but who generally go elsewhere—like, to an actual bar—at night and on the weekends. “The bee’s is an overt invitation to them,” says Johnson. “We want them back.” [BBW]

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