Norway: No ringing of wedding bells

Article Abstract:

The Norwegian financial institutions Storebrand and Christiania Bank-Kreditkassen (CBK) are not to merge. Fewer than the necessary 66% company shareholders voted for the merger to proceed. Company directors are disappointed with the vote, particularly since 71% CBK shareholders had already given their approval for the merger to go ahead. The Norwegian television channel TV2 is trying to persuade broadcasting company Scandinavian Broadcasting Systems to merge channels.

Commercial Banks, Commercial Banking, Television Broadcasting, Television broadcasting stations, Television broadcasting industry, Christiania Bank Og Kreditkasse, Storebrand A/S, TV2, Scandinavian Broadcasting Systems

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3i jumps on the IBO bandwagon

Article Abstract:

Investment group 3i has acquired five wide ranging companies to gain access to the IBO sector. The 23 million pounds sterling purchase included British companies Cowley Designs, Robineau Toys and Praxis Tailoring. It was arranged quickly and illustrates how acquisitions are favoured in the current economic climate as an effective vehicle for strategic growth. William Baird sold the businesses after choosing to concentrate on its future manufacturing business.

3i Group PLC, William Baird PLC, Cowley Designs, Robineau Toys, Praxis Tailoring

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