CHS Electronics desires to alter Vobis-deal terms

Article Abstract:

Vobis Microcomputer AG's proposed sale to CHS Electronics Inc., a wholesaler of computers and related products, for $320 million is expected to be reformed by the parties in light of recent developments in the market. The reformation of the purchase deal was spurred by the inability of CHS Electronics Inc. to come up with the funds necessary to cover the amount of the deal, according to industry observers. Under the terms of the stock and cash transaction, which was originally scheduled to be consummated by September 1998, CHS will assume $350 million in Vobis debt.

Comment:

Its proposed acquisition of Vobis Microcomputer for $320 million is set to be reformed by parties

Computers, Electronic Computer Manufacturing, Computers & Auxiliary Equip, Professional and Commercial Equipment and Supplies Wholesalers, Business & Commercial Eqp Whsle, Vobis Microcomputer AG, Article, CHS Electronics Inc.

---

Deutsche Bank to use capital for U.S. buy

Article Abstract:

Deutsche Bank AG announced that it will most likely utilize its entire capital increase of six billion marks ($3.31 billion) in order to purchase Bankers Trust Corp. Deutsche Bank also said that it acquired a 9.9% share of BIG Bank Gdanski SA. Deutsche Bank chairman Rolf Bruer stated that he will not know how much the Bankers Trust deal will cost until the BIG deal is completed.

Comment:

Deutsche Bank will most likely utilize entire capital increase of six billion marks ($3.31 billion) to purchase Bankers Trust

Commercial Banks, Commercial Banking, Financial management, Abstract, Deutsche Bank AG, Bankers Trust Corp.

---

Intel to invest $1.5 billion in new company

Article Abstract:

Intel Corp. announced that it will open a $1.5 billion (1.61 billion euros) computer-chip facility in Frankfurt an der Oder, Germany. Intel will own 25% of the new firm, which will be named Communicant Semiconductor Technologies AG.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, New capacity, new plant construction, Semiconductor industry, Mergers, acquisitions and divestments, Intel Corp., INTC, Buildings and facilities, Communicant Semiconductor Technologies AG

Similar abstracts:

• Abstracts: Deutsche Telekom rises on offering despite rumors. Deutsche Telekom plans capital increase for June
• Abstracts: At Deutsche Bank, Breuer is to quit Supervisory Board. Hedge-fund team at Deutsche Bank plans own firm. Four officials quit amid probe of Bankgesellschaft
• Abstracts: Betaferon sales likely to boost Schering's growth. Danske Bank's net profit falls. Novo Nordisk's net beats expectations with a 54% jump
• Abstracts: U.K. pension issue bogs down Federal-Mogul's bid to emerge. Bond strategy haunts Citigroup. Spherion prepares Michael Page IPO
• Abstracts: Beijing lacks funds to overhaul public welfare system. Deal gives AIG a head start over foreign rivals

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