Lotus accepts sweetened IBM offer

Article Abstract:

Lotus Development Corp agreed on Jun 11, 1995, to a $ 3.5 billion takeover by IBM that will pay $64 per share for Lotus's outstanding stock. The deal represents a $4 per increase from IBM's original offer on Jun 5, 1995. The acquisition of Lotus makes IBM a leader in the groupware market.

Computer software industry, Computer industry, Software industry, International Business Machines Corp., IBM, Lotus Development Corp., LOTS

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France accepts EC-U.S. oilseed pact

Article Abstract:

France agreed to accept a Nov 1992 agreement between the US and the EC to reduce EC agricultural subsidies to the oilseed industry. This action was expected to facilitate agricultural negotiations under GATT.

United States, Laws, regulations and rules, France, Petroleum industry, European Union, Agricultural subsidies, Agricultural policy

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PWA accepts Air Canada merger offer

Article Abstract:

PWA Corp agreed to a merger proposal from Air Canada, forming the world's 12th-largest airline. PWA accepted the offer after an employee plan to revive negotiations with AMR Corp fell apart.

Airlines, Air Canada, PWA Corp.

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