Tyco agrees to buy AMP for $11.3 billion
Article Abstract:
Tyco International will acquire AMP Inc. saving the electrical connector manufacturer from a hostile takeover by Allied Signal. The stock offer valued at $11.3 billion outbid Allied's $9.7 billion offer. Cost savings and predicted profitability by the parties involved are not shared entirely by analysts. Tyco's biggest business is security systems which includes ADT alarms. If the stock deal doesn't go through, Allied Signal claims it might still be interested in renewing its unwanted offer.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Anne Klein said to be for sale, with its name as biggest draw
Article Abstract:
Sportswear maker Anne Klein & Co. is up for sale and has several possible suitors even though the company has been losing money for several years. Two reasons for this are said to be its name recognition and its licensing business. Estimates for its purchase price range from $50 million to $100 million. Two new designers from Emanuel are vested with reviving the whole line. New ads are being well received.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Edison to purchase Pittsburgh plant for $1.8 billion AMP seeks Pennsylvania legislation to block AlliedSignal's takeover bid
- Abstracts: Southern Co. unit to purchase plants for $1.28 billion. AES is planning to buy Cilcorp for $885 million
- Abstracts: Goodrich, adding to aerospace muscle, to buy Coltec for $1.49 billion in stock
- Abstracts: FDA approves a new drug for arthritis. Monsanto's arthritis drug, Celebrex, shows strong sales in its first week
- Abstracts: AMR plans to auction three of its units to focus on American Airlines business. Atlas Air to unveil agreement to fly planes for FedEx