A drop in personal income sent the markets tumbling during the midday with the Dow plummeting 118 points to 11,597. Nasdaq plunged 38 points to 2374.

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=3950924 for the full story.

BankAtlantic Bancorp, Inc. Announces Terms of Proposed Rights Offering

21% Improvement Compared to First Quarter, 2008

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=2931254 for the full story.

The General Growth Properties LCDS auction is currently ongoing, and just finished the Initial Bidding Period. The results will be posted in about 6 minutes, eventually followed by a final Dutch auction bidding process at 2 pm. The reason this is relevant as it could provide a significant repricing and valid market test of secured obligations in the CRE market. The participating bidders in the auction is provided below (they will hopefully work not only on behalf of their prop desk but for their clients as well). Bank of America, N.A. Barclays Bank PLC Citibank Global Markets Inc. Credit Suisse International Deutsche Bank AG Goldman Sachs Loan Partners J.P. Morgan Securities Inc. Morgan Stanley Senior Funding, Inc. The Royal Bank of Scotland PLC UBS Securities LLC Zero Hedge will be following this auction very[More...]

from Joseph Lazzaro of Theflyonthewall.com













IPO & Secondary Preview - Week of June 11, 2007

Wall Street's equity market offers a solid slate this week - with 5 IPOs and 10 Secondaries on the docket.

Those deals tentatively scheduled to price include:

IPOs:

Day Undetermined:

The Blackstone Group (BX), a 133.3M-share IPO. Morgan Stanley and Citigroup are the lead managers. Filing range: $29.00-$31.00.

Tuesday

Biofuel Energy (BIOF), a 9.5M-share IPO for this ethanol company. JP Morgan Chase, Citigroup, and AG Edwards are the lead managers. Filing range: $16.00-$18.00.

Wednesday

Bway (BWY), an 11.765M-share IPO for this container company. Goldman Sachs and the Bank of America are the lead managers. Filing range: $16.00-$18.00.

GeoVera Insurance (GEOV), a 5.99M-share IPO for this residential insurance company. JP Morgan Chase and Merrill Lynch are the lead managers.

Thursday

Aegerion Pharmaceuticals (AEGR), a 5M-share IPO for this cardiovascular medicines company. Lehman Brothers is the lead manager. Filing range: $12.00-$14.00.


Secondaries:

Tuesday

BFC Financial (BFF), a 10M-share Secondary. JP Morgan Chase is the lead manager.

Wednesday

Citi Trends (CTRN), a 2M-share Secondary for this urban apparel company. CIBC World Markets is the lead manager.

Hertz Global (HTZ), a 45M-share Secondary for this car rental company. Goldman Sachs, Lehman Brothers and Merrill Lynch are the lead managers.

Portland General (POR), a 21M-share Secondary for this electric utility. Deutsche Bank and Lehman Brothers are the lead managers.

Omniture (OMTR), a 7.875M-share Secondary. Morgan Stanley and Credit Suisse are the lead managers.

Thursday

ArQule (ARQL), a 7M-share Secondary for this pharmaceutical company. UBS Investment and CIBC World Markets are the lead managers.

Artesian Resources (ARTN), a 1M-share Secondary for this water ultility. Janey Montgomery Scott is the lead manager.

CommVault Systems (CVLT), a 7.5M-share Secondary for this data security company. Credit Suisse, Goldman Sachs and Merrill Lynch are the lead managers.

RAM Holdings (RAMR), a 4.65M-Share Secondary for this reinsurance services company. The Bank of America and Keefe Bruyette & Woods are the lead managers.

Friday

Wireless Ronin Technologies (RNIN), a 4M-share Secondary for this wireless PDAs company. Think Equities and Feltl & Company are the lead managers.


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For the latest market intelligence on IPOs, Syndicate, and after-market trades, check out The Fly Syndicate at www.theflyonthewall.com. [Subscription required.]