Hollywood agrees to offer from smaller rival
Article Abstract:
Video rental firm Hollywood Entertainment Corporation agreed to a takeover offer of nearly $850 million from rival Movie Gallery Incorporation in a deal that created a stronger challenger to the industry leader, Blockbuster Incorporation. The planned combination announced that the no. 2 and no. 3 video rental chains would create a company with annual revenue of about $2.5 billion and about 4,500 stores.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Wachovia agrees to buy competitor SouthTrust
Article Abstract:
Wachovia Corp., Philadelphia's largest bank is planning to buy its competitor SouthTrust Corp. in a $14.3 billion deal that would make it the largest bank in the Southeast. The deal calls for Charlotte-based Wachovia to exchange 0.89 shares of its common stock for each share of SouthTrust.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Labor still recovering from Reagan's legacy. Wobblies' fight: Look for the union-made latte. N.J. troubles bring an end to Pa. HMO
- Abstracts: Fast food about to get faster at MacDonald's. The Diamond dishes up its last. Please Touch and its embrace of the arches
- Abstracts: SAP also trains sights on smaller customers. Retailers place hopes on more late shoppers. Gaming as a degree: Colleges and students both hope to ride the video-game boom
- Abstracts: Meridian and Bucks banks return to the area-sort of. About Wachovia's subway cars. Banking on better service: the area's big financial centers redirect their interest
- Abstracts: Cellular phones/wireless communications dealers. High-tech telecom services for business-with a Louisiana touch