AlliedSignal starts its hostile offer to take over AMP

Article Abstract:

AMP Inc., a leading manufacturer of electronic connectors which is based in Harrisburg, Pennsylvania, will be acquired by AlliedSignal Inc. in a hostile takeover bid which is valued at $9.99 billion. Industry analysts have said that AlliedSignal's acquisition bid has created uncertainty among investors, who have pushed down AlliedSignal's stock value in recent days. AMP, which is protected by state laws from a hostile takeover, has advised its shareholders not to take action until its board evaluates the offer from AlliedSignal.

Comment:

Will acquire AMP Inc., a leading manufacturer of electronic connectors, in hostile takeover bid valued at $9.99 bil

Author: Fairclough, Gordon
Publisher: Dow Jones & Company, Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
Diversified Companies, Asset sales & divestitures, Acquisitions & mergers, Licensing/Sales Agreements, AlliedSignal Inc.

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA

AMP appoints Ripp as Chairman, CEO

Article Abstract:

AMP Inc. appointed Robert Ripp as its new chairman and CEO at the same time it formally turned down a hostile offer by AlliedSignal Inc. AlledSignal made an hostile bid of $9.99 billion for the company. Mr. Ripp was formerly an executive vice president with AMP. He was chosen by the company's board to head the fight to prevent AlliedSignal's hostile offer of $44.50 per share. AMP perceived the offer as being too low.

Comment:

AMP Inc. appoints Robert Ripp as new chairman and CEO at the same time it formally turned down a hostile offer by AlliedSignal

Author: Fairclough, Gordon
Publisher: Dow Jones & Company, Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
Strategy & planning, Company Planning/Goals, Executive changes & profiles, Company Personnel

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: United States, Electronic components, AMP Inc., Article
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.