BAe upsets everyone

Article Abstract:

Volvo AB intends to buy companies involved in making trucks and engines following its sale of its car interests to Ford Motor Co., for $6.45 billion. Thomson-CSF and Daimler-Chrysler Aerospace have both felt unhappy after information concerning the purchase of General Electric's Marconi holdings was released. Telecom Italia S.p.A. is the subject of a hostile bid from Ing. C. Olivetti e Compagnia A.p.A. for 52.8 billion euros. Some of the Scottish shareholders of Stakis PLC are concerned about the $2.4 billion bid from Ladbroke Group PLC.

Acquisitions Analysis-Foreign, Europe, Telecommunications services industry, Telecommunications industry, Acquisitions and mergers, Automobile industry, Ford Motor Co., Aerospace industry, AB Volvo, Ing. C. Olivetti e Compagnia S.p.A., Telecom Italia S.p.A., F, BAE Systems (Farnborough, United Kingdom), Ladbroke Group PLC, Foreign business enterprises, Stakis PLC, Marconi Defence Systems Ltd.

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Compass sells Le Meridien hotels

Article Abstract:

The catering company Compass sold its hotel chain, Le Meridien, in May 2001 to Nomura's Principal Finance Group. The hotel operator Marriott International were in the running, but Nomura's bid of 1.9 billion pounds sterling was too much.

Nomura International PLC, Compass L.P.

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Whitbread's pubs on the block

Article Abstract:

Morgan Grenfell Private Equity (MGPE) has bought the Whitbread pub group and is now looking for a buyer for some of the pubs. It is suggested that MGPE will also sell off some of the other chains within the group.

Whitbread PLC, Morgan Grenfell private equity

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