Adviser row tarnishes canny merger

Article Abstract:

The planned merger between Siebe and BTR is likely to cost Siebe 9.4 million pounds sterling. The deal is predicted to be finalised by Feb 1999 and company advisers do not anticipate any difficulties with the regulatory authorities. Lead advisers for BTR have been jointly managed by Goldman Sachs and Schroders, both institutions have a past relationship with BTR. There has been some dispute to which firm is the lead adviser for Siebe. The management of Siebe had chosen both Morgan Stanley and Warburg Dillon Read to advise them on the deal but both claim to be the lead adviser.

BTR PLC, Siebe

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Net entry behavior in Greek manufacturing: consumer, intermediate and capital goods industries

Article Abstract:

The causes behind the entry of companies into three manufacturing industries in Greece, namely capital, intermediate and consumer goods, are analyzed. The study is aimed at determining the existence of any variance between the different sectors. The series of econometric analyses indicate that, although there exist substantial amounts of variances in the determinants of net entry across the industrial groupings, there also exist an equally strong number of within-group correlations.

Greece, Economic aspects

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Pets win prizes

Article Abstract:

Pet products companies Pet City and PETsMART merged using a share-for-share agreement whereby Pet City shares were valued at 526.5 pence at the time of the merger on Oct. 29, 1997. Owners of Alternative Investment Market Pet City shares were given NASDAQ market PETsMART shares of equivalent value on the day of the merger. Details of the merger are given.

Pet Supplies, PETsMART Inc., PETM, Pet supplies industry, Pet City Holdings

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