Gas-pump prices on 'fast-paced slide.'

Article Abstract:

Allied Signal managed to clear a major obstacle in its $9.8-billion bid to acquire AMP after AMP shareholders offered 72% of shares to AlliedSignal. Lawrence Bossidy, AlliedSignal CEO, said the move affirms confidence in the Allied offer. Harrisburg, PA-based AMP, however, said the it is unfazed by what Allied calls a breakthrough. AMP CEO Robert Ripps observed that the first phase of tenders does not automatically mean AlliedSignal's bid has gained some weight of its own. AMP, however, need to take cover from Pennsylvania's stringent anti-takeover rules if it were to prevent the hostile takeover from the aerospace and auto-parts manufacturer.

Comment:

Manages to clear a major obstacle in its $9.8-billion bid to acquire AMP after AMP shareholders offered 72% of shares to Allied

Diversified Companies, Other Electrical Equipment and Component Manufacturing, Electronic Components, AlliedSignal Inc., AMP Inc., Article

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Dealers wonder who gets to stay, who will go

Article Abstract:

Exxon's merger with Mobil will create a gasoline marketing colossus, having 15,900 branded gasoline stations that will control about 14% of the entire US gasoline market. However, small-business owners of gasoline stations of the two companies do not know how the merger will affect them as the merged company has yet to send word to them. The anxiety stems from the fact that some of the service stations are near each other and the belief that some of the stations must go to get approval for the merger from regulatory authorities.

Gasoline Stations, Exxon Mobil Corp.

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Singapore Air to buy 49% of Virgin

Article Abstract:

Singapore Airlines Ltd announced on Dec 20, 1999, that it had purchase a 49% stake in the parent of Virgin Atlantic Airways Ltd for $968 million. A strategic alliance that could expand the routes of each airlines will be formed by the investment. If a marketing arrangement is agreed upon, Singapore Airlines will have instant access from the US to the UK, while Virgin would get access to the Pacific region.

United Kingdom, Foreign operations, Scheduled Air Transportation, Singapore, Intnl & Territorial Air Service, Virgin Atlantic Airways Ltd., Singapore Airlines Ltd.

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