Capital One, Acquiring Hibernia According to WSJ, Sony Executives to Resign
Capital One is close to acquiring New Orleans bank Hibernia, in a deal valued at $5.35 billion, according to the Wall Street Journal who once again scoops the otehr media with a Sunday news release. The Jornal reports that Hibernia shareholders will receive $33 in value for each of their shares, split into 45% cash and 55% stock. Somehow the WSJ seems to get a hold of this info before anyone else does.
In a similar scoop, the Journal reports that Nobuyuki Idei, Sony’s top executive will resign and name Howard Stringer (U.S. operations head) as his successor. Sony’s President Kunitake Ando, may also step down.
Kudos to the Journal for their insider connections.