Formula One to launch Eurobond issue

Article Abstract:

London, UK-based Formula One Holdings chief executive officer Bernie Ecclestone is moving forward with plans for borrowing $2 billion on the Eurobond market. The firm, which controls the TV rights to the reaching championship, appears to be prepared for an initial public flotation. Formula One holdings' proposed financing was announced on September 28, 1998, but underwriter Morgan Stanley Dean Witter will market the Eurobond for the next number of weeks ahead of schedule. Formula One spokesperson Stephen Mullens said the development poses a chance to do a bond issue as a seamless transaction the would lead to an initial public offering within two to three years.

Comment:

Chief executive officer Bernie Ecclestone is moving forward with plans for borrowing $2 billion on the Eurobond market

Sports Teams and Clubs, Professional Sports NEC, Professional sports, Article, Formula One Holdings

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Motorola to sell Symbian stake to Nokia, Psion

Article Abstract:

Nokia Corp. and Psion PLC have reached a deal to acquire Motorola Inc.'s minority share in Symbian PLC. Motorola will sell its 19% share in Symbian.

Acquisitions & mergers, Computer software industry, Software industry, Mergers, acquisitions and divestments, Company acquisition/merger, Nokia Corp., NOK, Motorola Inc., Psion PLC, Symbian Ltd.

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Marconi gets ready for listing on Nasdaq to unlock value

Article Abstract:

Marconi PLC is preparing to list its shares on the Nasdaq Stock Market. Sources believe that the listing is vital to Marconi's development.

Communications Equipment, Communications Equipment Manufacturing, Telecommunications equipment industry, Telecommunications equipment, Securities, The Nasdaq Stock Market Inc., Marconi PLC

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