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Red Sox have already shot down a couple of Cole Hamels trade proposals from the Phillies2014-11-17
The Phillies are officially buying into the idea of a rebuild and Hamels represents an efficient way for them to restock their minor league system quickly. But, as expected, GM Ruben Amaro wants at least three top prospects for his ace. The Red Sox are already actively assessing top-tier free agent starters including Jon Lester and it may prove more prudent for them to overpay by one or two years and a few million as opposed to giving up a handful of talented young players for starting pitching.
Hamels, who turns 31 in December, is entering the third year of a six-year, $144 million contract extension signed in July 2012. The Phillies still owe him $96 million. The lefty turned in the best season of his career despite starting the season on the disabled list, finishing with a 2.46 ERA and a 198/59 K/BB ratio over 204 2/3 innings.
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RANK UPDATES ON GALA CASINOS ACQUISITION (Update)2012-09-19
Rank Group plc has released an update on its bid to acquire Gala Casinos Limited, reporting that delays in achieving Competition Commission approval could impact the agreement.
On 12 May 2012 Rank announced that it had conditionally agreed to acquire Gala Casinos from Gala Coral Group Limited for a total cash consideration of GBP 205 million
The acquisition was conditional upon the approval of Rank shareholders (which was obtained at a general meeting of Rank held on 26 July 2012) and upon receipt of UK merger control clearance by 19 September 2012.
On 20 August 2012 the Office of Fair Trading announced that it had referred the acquisition agreement to the UK Competition Commission, and that as a result the agreement will not become unconditional by the 19 September 2012 deadline.
The company now advises that due to these factors the agreement relating to the acquisition will cease to be formally binding on the parties at midnight on Wednesday 19 September 2012.
The update concludes: "Rank and Gala Coral Group are nevertheless continuing to assist the Competition Commission with its inquiry and are continuing their discussions in relation to appropriate amendments to the acquisition terms in the light of the reference to the Competition Commission. A further announcement will be made in due course."