Stora, Enso to merge via stock swap

Article Abstract:

Stora AB, based in Sweden and Enso Oyj. of Finland are set to merge in a stock deal, that will form Stora Enso, which will be the largest forestry products company in Europe. The deal is prompted by the continuous consolidation trend in the industry and may in effect effect more acquisition deals in the future. Stora, which had sales of $5.69 billion in sales in 1997, and Enso, with 1997 sales of 43.1 billion kronor, will improve capacities and their pricing power as a result of the merger, according to analyst Anders Arjes. Under the deal, Enso will give 0.51 of each Stora Enso Class A share and 0.94 Class R share for every Stora Class B share owned by Stora shareholders.

Comment:

Is set to merge w/ Stora in stock deal, that will form Stora Enso, which will be the largest forestry products company in Europe

Acquisitions & mergers, Organizational history, Stora AB, Article, Enso

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Stora Enso shares surge over 6% on merger rumor

Article Abstract:

Stora Enso Corp.'s share value increased by over 6% amidst reports that the company is engaged in merger negotiations with International Paper Co. However, International Paper denied any knowledge of such a deal.

Paper mills, International Paper Co., IP

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EU addresses its foreign policy

Article Abstract:

The European Union's foreign ministers have taken initial steps towards developing a?unionwide foreign policy. The EU is also seeking to improved strainted relations with the U.S.

Administration of General Economic Programs, International politics, Economic & Political Union, International relations, European Union, Company business planning, Foreign policy, Economic unions

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