The proposal calls for a two-phase approach to create a "freestanding SUNY 'specialized' college" with its own budget that would award doctoral degrees.

WSJ: APNewsBreak: NY proposes high-tech SUNY campus

Andrews worries that the proposal will get watered down, as did the next phase of the low-emission zone to cut nitrogen dioxide emissions (it will only apply to city buses).

FORBES: London To Be An 'Ultra-Low Emission Zone' By 2020

We have significant experience structuring and consummating transactions of this nature, and we believe we can complete our due diligence review and negotiate the terms and conditions of a Superior Proposal (as defined in the Merger Agreement) quickly during the next phase of the process.

ENGADGET: Dell bidding war afoot as Blackstone Group and Carl Icahn both make offers (update: confirmed)