NPR Sunday Puzzle

Weekend Edition Sunday, March 26, 2006 Puzzle master Will Shortz quizzes one of our listeners, and has a challenge for everyone at home.

Challenge from March 26: From David Rudofsky of Sleepy Hollow, New York:

Take the name of a geographical area in the New World (in the western hemisphere). It's popular with tourists, and has seven letters in its name, one of which is an "A." Change that "A" to an "S" and rearrange the result to name a geographical area in the Old World, also popular with tourists. What places are these?

Business Owners Have Multiple Selling Options

Michael Pfeffer, founder and managing director at Post Capital Partners, describes various sales options for business owners in this month's "New York Enterprise Report." In a Management Buyout, the business owner sells the company to the existing management team, simplifying the due diligence process. However raising the necessary capital may be a challenge for the management team. Strategic Buyers, such as customers, suppliers, or competitors, may be an attractive, high-value sales alternative, but could leave valuable information in a competitor's hands, if a sale is negotiated and not completed. Private Equity buyers are a third alternative worth exploring, but it is essential for the business owned to determine if the potential buyer's objectives are aligned with his own.