AMP toughens defense against AlliedSignal bid

Article Abstract:

AlliedSignal Inc. has made a $9.99 billion hostile takeover bid for AMP Inc., which has responded by strengthening its defenses against acquisition. AMP has amended the company's poison pill shareholders rights plan to kick in when anyone purchases over ten percent of the company. AMP, the electronic-connector manufacturer which is based in Harrisburg, Pa., has angered its own shareholders with the new defense initiative. AlliedSignal has said that it will challenge AMP's decision in federal court on September 28.

Comment:

Has made a $9.99 bil hostile takeover bid for AMP Inc., which has responded by strengthening defenses against acquisition

Diversified Companies, Licensing/Sales Agreements, AlliedSignal Inc.

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BCI to sell Comcast a 30% interest in Jones Intercable for $500 million

Article Abstract:

BCI Communications Holding Co. plans to sell a 30% stake in Jones Intercable Inc. to Comcast Corp. The deal includes an option for Comcast to buy additional shares in 1999. Many Jones subscribers are conveniently located in the Washington, DC area near the Comcast markets. Comcast will be paying 10 times cash flow, which is a good indication of the financial health of cable companies.

Comment:

Said it agreed to buy a 30% stake in Jones Intercable

Cable Television Systems, Cable Networks, Media Formation/Mergers, Cable television broadcasting industry, Cable television, Comcast Corp., Jones Intercable Inc., BCI Communications Holding Co.

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Tyco reaches agreement to buy AMP in stock swap valued at $11.3 billion; accord comes four months after AlliedSignal bid; 'white knight' is found

Article Abstract:

Tyco International Ltd. is viewed as the white knight in the acquisition of AMP, a deal valued at $11.3 billion. AMP has taken poison pill steps to avoid being the target of a hostile takeover by Allied Signal Inc. AMP had 1997 sales of $5.75 billion; its electrical parts business will enhance Tyco's share of this segment, its smallest segment of its four main businesses.

Electronic Components and Accessories, Mergers, acquisitions and divestments, Abstract, Tyco International Ltd. (Pembroke, New Hampshire), TYC, AMP, Circuit components

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