Dresdner Kleinworth loses 7 analysts in raid by a rival

Article Abstract:

Dresdner Kleinwort Benson has lost 7 analysts as a result their defections to Salomon Smith Barney. The defections were the first serious departures since Dresdner and Deutsche Bank AG agreed to merge.

Securities Brokerage, Stockbrokers, Salomon Smith Barney Holdings Inc., Dresdner Kleinwort Benson

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BSkyB sale nets Granada $725.3 million

Article Abstract:

Leisure and media company Granada Group PLC disposed its 6.5% stake in British Sky Broadcasting PLC by selling it to BT Alex. Brown, an investment bank, for 429 million pounds sterling ($725.3 million) in cash. Granada will utilize the cash payment to strengthen its earnings and pay its debt liabilities. According to Granada's chief executive officer, Charles Allen, the move was appropriate because, as a minority shareholder, the company does not have a strong grip of BSkyB which holds a strong market share in the digital technology market.

Comment:

Has acquired Granada's 6.5% stake in British Sky Broadcasting for $725.3 mil in cash

Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Satellite Telecommunications, Satellite TV Communications, Granada Group PLC, Satellite television, British Sky Broadcasting Group PLC, Article

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BT Alex. Brown is hit again by defection

Article Abstract:

For the second time in days, a senior banker resigned from the staff of BT Alex. Brown, Bankers Trust Corp.'s investment banking unit. The head of BT Alex's global syndication and European equity capital markets, Alex Graham, left the unit to become the head of Donaldson, Lufkin & Jenrette Inc.'s European equity capital markets in London. Mr. Graham will assume his new post in April 1999.

Comment:

Senior banker resigns from staff of BT Alex. Brown

Securities Dealers, Abstract

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