Esprit Telecom board squabble is very public

Article Abstract:

Esprit Telecom Group PLC's boardroom quarrel has become pubic to the extent that shareholders, including Fidelity Investments and College Retirement Equities Fund are being requested to decide on some issues. The company is still undecided on whether to remove the directorship post of Co-Founder Walt Anderson, who holds around 27% of Esprit Telecom shares and who is suggesting the removal of Warburg and Apex representatives from the board of directors. The shareholders are also being asked their opinion on the plan to oust the management team that is backed by Warburg and Apex.

Comment:

Boardroom quarrel has become pubic to the extent that shareholders are being requested to decide on some issues

Communications, Broadcasting and Telecommunications, Management development, Telecommunications industry, Article, Esprit Telecom Group PLC

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Temperature rises as Astra and Zeneca mull $35 billion deal

Article Abstract:

Astra AB and Zeneca Group PLC confirmed on Dec 8, 1999 that they are in advanced negotiations to merge as equals, in a deal valued at $35 billion. Astra and Zeneca combined would boast combined pharmaceutical revenues of $8.3 billion and an approximately $70 billion market capitalization. The talks, coming on the heels of merger announcements between Hoechst AG and Rhone Poulenc SA, and between Sanofi SA and Synthelabo SA, will increase pressure on other medium-sized pharmaceuticals firms in Europe, including Bayer AG, Schering AG, and Novo-Nordisk.

Comment:

Astra AB and Zeneca Group PLC confirm that they are in advanced negotiations to create a merger of equals

Acquisitions & mergers, Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Sweden, Drugs, Pharmaceutical industry, Mergers, acquisitions and divestments, Abstract, Astra AB, Zeneca Ltd.

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