Market briefs.(Business)

0 Comments | Daily Herald (Arlington Heights, IL), January, 2007

Bidding war for Equity Office? CHICAGO - Shares in Equity Office Properties Trust rose 51 cents, or 1 percent, to $49.26 amid indications of a possible bidding war for the office real estate investment trust, which already has agreed to a $19 billion buyout. Some papers reported that an investment group led by hedge fund Cerberus Capital Management was preparing to top Blackstone Group's offer.

Westell taps Mader as CEO AURORA - Westell Technologies Inc. said Thursday former Motorola executive Thomas E. Mader, 57, will become president and chief executive officer Jan. 22. He replaces E. Van Cullens, 60, who will continue as a member of the board. Mader, who was most recently a corporate vice president and general manager of Motorola's Wireline Networks...

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