BAe's next test: bring Dasa back to the table

Article Abstract:

British Aerospace PLC's (BAe) acquisition of General Electric Co. PLC's Marconi defense unit alienated DaimlerChrysler Aerospace AG (Dasa). BAe acquired Marconi for 7.7 billion pound sterling ($12.76 billion) in order to form a dominant firm in the UK. Dasa, BAe's partner in Airbus Industrie, was deeply engaged in merger negotiations with BAe just before the 1998 Christmas period. BAe's chairman, Sir Richard Evans, admitted that it would take some time for the situation to calm down.

Comment:

BAe's acquisition of General Electric Co. PLC's Marconi defense unit alienates Dasa

Asset sales & divestitures, Acquisitions & mergers, Germany, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft and Parts, Motor Vehicles and Equipment, Planning, Mergers, acquisitions and divestments, Abstract, Aircraft industry, BAE Systems (Farnborough, United Kingdom), Marconi, DaimlerChrysler Aerospace AG, General Electric Company PLC

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Reuters expected to partially float Instinet next year

Article Abstract:

Reuters Group PLC is expected to launch a partial flotation of its electronic-trading system, Instinet. The proposed flotation will involve 15% to 20% of Instinet and will take place in 2001.

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Reuters increases size and price of Instinet IPO

Article Abstract:

Reuters Group PLC has increased Instinet Group Inc.'s initial public offering (IPO) to a value of $3.5 billion (3.98 billion euros). The IPO's price per share will be $14.50.

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