It’ll cost a bomb to watch IPL tie in city

Excited about catching the action live in the third edition of the Indian Premier League? Enough to get yourself, friends and family to the stadium to take in everything, both cricketing and other entertainment? Steel yourself to shell out a lot, especially if you want to watch it in style.

Brumley and Charles Corfield, will review and evaluate theproposed offer and make a recommendation to the stockholders of iBasis. iBasisstockholders are urged to consider this recommendation before taking any actionwith respect to the proposed tender offer by KPN The Special Committee has retained Jefferies & Company, Inc. KPN ownsapproximately 56% of iBasis` outstanding stock and is the Company`s largeststockholder. The Special Committee, which is comprised of independent directors W Frank King(Chairman), Robert H. As previouslyannounced on July 13, 2009, KPN provided notice to iBasis` Board of Directors ofKPN`s intent to commence a tender offer to acquire all of the outstanding iBasisshares not owned by KPN at an offer price of $1.55 per share in cash.

(Editing by Peter Galloway) Currencies  |  Bonds Currencies Bonds. BURLINGTON, Mass.--(Business Wire)--iBasis, Inc. (NASDAQ: IBAS), a leading wholesale carrier of international longdistance telephone calls and a provider of retail prepaid calling services andenhanced services for mobile operators, announced today that its Board ofDirectors has formed a Special Committee for the purpose of considering theunsolicited tender offer proposed by Royal KPN N.V ("KPN"). The 30-year bond moved off its earlier low but still endedlower, down 5 Canadian cents at C$117.30 to yield 3.968percent The 30-year U.S Treasury bond yielded 4.389 percent Canadian bonds underperformed their U.S counterpartsacross most of the curve. The Canadian 30-year bond was about42 basis points below the U.S 30-year yield, compared with 55basis points on Friday.

Guatieri also said Bernanke's warning that Americanconsumer spending is at risk due to large job losses andfalling home prices supported the bond market as well. The two-year Canada bond ended up 6 Canadian cents atC$100.11 to yield 1.189 percent, while the 10-year bond rose 15Canadian cents to C$102.75 to yield 3.407 percent. Treasury market after Bernanke cautioned abouteconomic weakness. "Bernanke's comments reaffirmed that we should not expectrate hikes for quite some time and he dampened inflationexpectations by suggesting it should be no problem for the Fedto mop up the excess liquidity in due time," said Sal Guatieri,senior economist BMO Capital Markets. BOND PRICES MOSTLY HIGHER Canadian bond prices rallied off early lows to end thesession higher across most of the curve as Bernanke's commentsgave a bid to secure government debt. The bounce in Canadian bonds largely followed the surge inthe bigger U.S.

"I think the market was expecting some more forcefullanguage with respect to the currency, which was not received,"said Jack Spitz, managing director of foreign exchange atNational Bank Financial. "So it opened the door just a bit more in terms of theacquiescence from the bank with respect to Canadian dollarappreciation, and the immediate price action tells the story." The Canadian dollar is up about 18 percent since it tumbledto a four-year low of C$1.3066 to the U.S dollar, or 76.53U.S cents, in early March. The move higher came after the Bank of Canada stuck to itsconditional pledge and left its key interest rate steady at thehistoric low of 0.25 percent. [ID:N21196742] Also driving the gain were comments the central bank madein its statement that a stronger currency and industrialrestructuring were "significantly moderating the pace ofoverall growth". Those words were softer than the bank's Junestatement, when it said the "unprecedentedly rapid rise" in thecurrency could "fully offset" positive factors. The bank's statement also included a rosier economicoutlook, including a forecast that the economy will shrink by2.3 percent in 2009, not the 3.0 percent it forecast in April;and will grow by 3.0 percent in 2010 rather than the 2.5percent it had forecast earlier. Earlier in the session the Canadian currency rallied toC$1.0965 to the U.S dollar, or 91.19 U.S cents, which was itshighest level since June 11.