Wednesday, September 21, 2011

16. A Person Familiar With The Matter - 9/21/11

smithandcoates submits: “A person familiar with the matter”

Ubiquitous, and pointless. Would you reference an anonymous source who was unfamiliar with the matter?

While there are instances when sources need/must/should be anonymous, SmithandCoates raises an interesting point. 

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"U.S. antitrust enforcers are investigating whether Google Inc. illegally increased advertising rates 50-fold for rival Microsoft Corp., according to a person familiar with the matter.

Bloomberg/BusinessWeek: Google Ad Rate for Microsoft Said to Be Investigated by U.S.

Volkswagen AG (VOW)Europe’s biggest car manufacturer, is likely to get European Union regulatory clearance by next week for acquiring German truckmaker MAN SE (MAN), a person familiar with the matter said.”

Bloomberg: VW Said to Get EU Antitrust Clearance for German Truckmaker MAN Takeover

Hydro One, Ontario’s largest electricity transmission and distribution company, raised C$300 million (US$301.9 million) from an offering of long bonds maturing September 2041, according to a person familiar with the matter.”

Wall Street Journal: Hydro One Raises C$300M From Long Bond Issue

Hewlett-Packard’s board is weighing a shakeup that would include replacing its current CEO Leo Apotheker after barely a year on the job, according to a person familiar with the matter.

Fortune: HP board may oust Apotheker for Whitman

The transaction, which is largely a stock deal, is valued at about $150 million, according to a person familiar with the matter.

Wall Street Journal: Glam Media Enters Social Network Buzz with Ning Deal