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| Share Name | Share Symbol | Market | Type |
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| Australia & N Z Ads | NYSE:ANZ | NYSE | Ordinary Share |
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From Jan 2020 to Jan 2025
Anschutz Co. is seeking bids in the $10 billion range for its sports-and-entertainment subsidiary Anschutz Entertainment Group as the auction kicks off, Reuters news agency reported Tuesday on its website, citing unnamed sources.
Bidders likely need to propose bids in the "high single digit, low double digit" billion dollars before they can proceed to the next round, the report cited the sources as saying, in a sign that Anschutz has a higher price expectation than previously believed.
Anschutz is likely to start signing non-disclosure agreements and send out the books with financial details by the end of the month, the report said.
Anschutz said in a statement it has "no comment on the sales process beyond its press release announcing the sales process," the report said.
Full Story: http://www.reuters.com/article/2012/10/09/us-aeg-auction-idUSBRE89803I20121009
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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