Kuoni's merger with First Choice goes down to wire

Article Abstract:

It initially appeared that First Choice Holidays PLC's stockholders would turn down a merger bid from Kuoni Travel Holding AG. The bid was scheduled to expire on July 8, 1999. However, Thomas Cook Group Ltd. changed its stance. Thomas Cook owns 10% of First Choice. Kuoni made a bid to give stockholders in First Choice a 47% share in the merged entity. If investors decline to respond to the bid, then it could mean that Airtours PLC will make a renewed offer.

Kuoni Travel Holding Ltd.

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Huhtamaki to buy Dutch packager for 952 million euros

Article Abstract:

Huhtamaki Oyj announced that it will purchase Royal Packaging Industries Van Leer NV in a deal worth 952 million euros. The deal creates one of the largest packaging groups in the world. Huhtamaki is the largest producer of paper packaging products in the world. The Finnish-based company said that the deal will enable it to expand its concentration on packaging.

Comment:

Huhtamaki Oyj to purchase Royal Packaging Industries Van Leer in deal worth 952 million euros

Finland, Netherlands, Foreign operations, Packaging Paper & Board, Paperboard Mills, Packaging industry, Packaging papers, Huhtamaki Oy, Royal Packaging Industries Van Leer N.V.

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First Choice earnings beat expectations

Article Abstract:

United Kingdom-based fourth-largest tour operator First Choice Holidays PLC reported better than expected earnings for the year-end quarter.

Sales, profits & dividends, Finance

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