Friday, July 6, 2007

UPDATE 1-Merrill Lynch outbids Goldman on Berenice

(Reuters) - The bid by Merrill Lynch risks pushing Goldman Sachs out of
the race for Berenice days after the investment bank abandoned
plans to purchase another Italian fund, Tecla.




Goldman Sachs has offered 725 euros a share for Berenice,
which is controlled by Italian real estate group Pirelli RE
, through its Zwinger vehicle in a bid that runs until
July 20.


Read more at Reuters.com Mergers News

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