Qwest is nimble in dance of the hostile bid; a crack merger team talks with Frontier and U S West

Article Abstract:

Qwest Communications International CEO Joseph P. Nacchio has launched hostile takeover bids for Frontier Corp. and U S West, even though the two companies had already agreed to merger with Bermuda-based Global Crossing Ltd. Qwest has recently upped its offer for the two companies. Global Crossing CEO Robert Annunziata and Nacchio, both former executives with AT&T Corp., are determined to take their companies into the future of digital communication helped by the two acquisitions and both are dedicated to fighting it out. Qwest's largest investor is billionaire Philip F. Anschutz and Global's is Gary Winnick. The most persistent of the two is forecasted to be the winner. Both are renowned for finding opportunity where none is apparent, but industry analysts feel Global needs the addition of Frontier especially, more so than does Qwest.

Wired Telecommunications Carriers, Telephone Communications, Long Distance Telephone Svc, Telephone communications, exc. radio, Bermuda, Intnl Telephone Service, Telecommunications services industry, Telecommunications industry, Company acquisition/merger, Telephone services, Long distance telephone services, Global Crossing Ltd., U S WEST Inc., GBLX, Qwest Communications International Inc., QWST, International telephone services, FRO, Frontier Corp.

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Talks seen on sale of a Texas Instrument business

Article Abstract:

Texas Instruments Inc. (TI) may sell its memory chip business to Micron Technology Inc. (Boise, ID). The sale would give Micron increased market share to challenge overseas rivals, and remove TI from the business, allowing TI to focus on its rapidly growing digital signal processor business. Some 10% of TI's sales come from memory chips. The price of dynamic random access memory (DRAM) chips has fallen from more than $8 apiece in 1997 to $3 at present.

Comment:

Texas Instruments Inc. may sell its memory chip business to Micron Technology

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Company Planning/Goals, Random Access Memory Circuits, Micron Technology Inc., Texas Instruments Inc., RAM (Random access memory), Article

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A trash hauler is buying a much bigger rival, a type of deal that makes Wall Street a bit nervous

Article Abstract:

Allied Waste Industries claims it is not consolidating when it buys BFI for $7.3 billion in cash, it is "teaming our management with their assets." Combined the two companies will be second only to Waste Management in trash hauling. Analysts admit that Allied is the better managed company, but worry about the success of a company that will triple in size.

Comment:

Co. is making a leveraged buyout of BFI

Refuse Systems, Waste Collection, Abstract, Refuse disposal industry, Waste management industry, Allied Waste Industries Inc., AWIN, Browning-Ferris Industries Inc., BFI

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