Day Runner starts bid to acquire U.K.'s Filofax

Article Abstract:

Day Runner Inc., a US-based maker of personal organizers, has offered 47.9 million pounds sterling ($80.8 million) to acquire UK-based Filofax PLC. Day Runner reported that it is set to tender 200 pence in cash for each Filofax stock and that the bid is being made on its behalf by Wasserstein Perella, a US-based investment company. Day Runner Chairman Mark Vidovich stated that Filofax needs the skills of his company to be able to come up with newer products that could bring the Filofax brand back to the limelight.

Comment:

Offers 47.9 million pounds sterling ($80.8 million) to acquire UK-based Filofax PLC

Acquisitions & mergers, Blankbook, Loose leaf Binders, and Devices Manufacturing, Blankbooks & Binders, Filofax PLC, Article, Day Runner Inc.

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Federal-Mogul stock suffers as company mulls higher bid

Article Abstract:

Federal-Mogul Corp.'s shares are being hit hard as it studies the possibility of increasing its offer to acquire LucasVarity PLC of Great Britain. Any acquisition offer will be made more problematic as a result of Federal-Mogul's stock situation. LucasVanity has already accepted TRW Inc.'s all-cash bid of $6.6 billion. Such a move would be the largest merger in history of two auto-parts companies. On February 4, 1999, the company's shares dropped 6.3%.

Comment:

Federal-Mogul shares hit hard as it studies increasing its offer to acquire LucasVarity

General Industrial Machinery, Machinery Manufacturing, Motor vehicle parts and accessories, Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automobile equipment and supplies industry, Automotive parts industry, Industrial equipment, Machinery, Mergers, acquisitions and divestments, Automotive parts, Abstract, Industrial equipment and supplies industry, Industrial equipment industry, Federal-Mogul Corp., FMO, LucasVarity PLC, LVA

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