Olivetti, Mannesmann are mum on suit

Article Abstract:

Olivetti SpA and Mannesmann AG would not make any public statement on a class-action lawsuit. The suit, filed by a minority stockholder of Cellular Communications International Inc. (CCIL) against CCIL, alleges that Olivetti's and Mannesmann's offer for the company is too low. Both firms have offered to buy CCIL for $65.75 per share. In the lawsuit, CCIL's management did not attempt to secure the highest possible price for the company's stock.

Comment:

Olivetti SpA and Mannesmann AG would not make any public statement on CCIL class-action lawsuit

United States, Foreign operations, Germany, Radiotelephone communications, Cellular and Other Wireless Telecommunications, Computer and Office Equipment, Office & Computing Machines, Mobile Radio Services, Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Stockholder data, Blast Furnace and Basic Steel Products, Office equipment, Cases, Wireless communications services, Abstract, Mannesmann AG, Olivetti S.p.A., Cellular Communications of Puerto Rico Inc., CCIL

---

Cecchi Gori to buy rights to MTV in Italy via Beta

Article Abstract:

Cecchi Gori Communications announced that it is acquiring MTV Networks Europe's operations in Italy. Beta Television, a Cecchi-owned unit, will acquire the operations for the same amount as a capital increase that is reserved for MTV.

Cable Networks, Cable and other pay TV services, Cable TV Networks, Mergers, acquisitions and divestments, Cable television broadcasting industry, Cable networks (Television), MTV Networks Europe, Cecchi Gori Communications, Beta Television

---

Similar abstracts:

• Abstracts: Corbis of U.S. is acquiring French photo firm Sygma. Seat board extends its offer for Eniro to at least June 27
• Abstracts: Allied Domecq denies merger rumors. Allied Domecq drops its bid to buy Peter Lehmann Wines. Allied Domecq retains focus on buying beverage makers
• Abstracts: Denmark: Heineken to target Danish beer market. Denmark: Tender bids for drink can transports. DENMARK: FUGLSANG INVESTS IN CANNED BEER PRODUCTION
• Abstracts: Kodak reduces earnings outlook more than 50%. Kodak cuts estimate of profit, may trim additional jobs
• Abstracts: Philip Morris' earnings rose slightly in quarter. FleetBoston earnings fall 87% due to one-time charges. Philip Morris profit grew 8.3% in quarter

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.