Woolworth to start operating tjoday as Venator Group

Article Abstract:

Woolworth Corp. announced that it will begin operating as Venator Group Inc. after shareholders approved the name change. Dissident shareholders, led by New York investment group Greenway Partners L.P. opposed the new name. The dissidents, with a 6.1% stake, say that they are in favor of the company's new focus on sporting goods, but can not understand how the new name conveys that. Woolworth which now owns Foot Locker, Lady Foot Locker and Champs Sports agreed recently to acquire Sports Authority, a sports equipment retailer. The new entity will be a sporting-goods giant with sales of approximately $5.5 billion.

Comment:

Agreed recently to acquire Sports Authority, a sports equipment retailer

Company Planning/Goals, Sporting Goods, Bicycle Stores, Sporting Goods Stores, Organizational nomenclature, Family Clothing Stores, Bicycle stores, Sports Authority Inc., Foot Locker Inc., Clothing stores, Article

---

IP agrees to acquire Union Camp Corp.; stock deal for $5 billion lifts rival's shares 33%; buyer to assume debt

Article Abstract:

International Paper Co., already the world's largest forest-products company, will become even larger after its acquisition of Union Camp Corp. for $5 billion plus $1.6 billion in debt. Combined sales for 1997 were $24.6 billion, followed by Georgia-Pacific with $13.1 billion. Both company's executives consider it a perfect fit. Although there will probably be job cuts, Union Camp employees have a greater range of opportunities in the larger merged company, according to officials.

PAPER AND ALLIED PRODUCTS, Paper & Allied Products, Paper Manufacturing, Mergers, acquisitions and divestments, Abstract, Paper industry, International Paper Co., IP, Union Camp Corp., UCC

---

Similar abstracts:

• Abstracts: In the race for the fastest chip, just don't blink. National Semiconductor to acquire Cyrix; stock-swap transaction, valued at $536.3 million, is a challenge to Intel
• Abstracts: Accord with AMP caps months of deal making by Tyco. Kodak agrees to buy Imation's unit in medical Imaging for $520 million
• Abstracts: Medtronic to acquire Sofamor Danek in stock deal that could top $3 billion. Acxiom will acquire May & Speh in $625 million stock transaction
• Abstracts: Radio concern Chancellor Media agrees to buy Martin Media for $610 million. Hearst-Argyle to buy broadcast unit from Pulitzer for $1.15 billion in stock
• Abstracts: Setting the value of Wall St. history. A.I.G. will put $1.35 billion into Blackstone

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.