Rexam to acquire U.S. can maker in packaging deal

Article Abstract:

Rexam PLC will acquire American National Can Group Inc. for 619 million pounds (1.03 billion euros). American National is one of the largest makers of beverage cans in the world.

Metal Cans and Shipping Containers, Metal Cans & Shipping Containers, Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing, Container industry, Metal products industry, Metalworking industry, Rexam PLC, American National Can Group Inc., CAN

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UPM to acquire Champion, creating a top paper group

Article Abstract:

UPM-Kymmene Corp. has reached an agreement to acquire Champion International Corp. for $6.5 billion (6.59 billion euros). The acquisition will form one of the three largest paper and pulp entities in the world.

Finland, LUMBER AND WOOD PRODUCTS, Wood & Wood Products, Wood Product Manufacturing, Champion International Corp., CHA, Forest products industry, UPM-Kymmene Corp.

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GEC is set to acquire Fore Systems of U.S

Article Abstract:

General Electric Company PLC of Britain has agreed to acquire FORE Systems Inc of Pennsylvania for $4.5 billion. GEC will pay $35/share in cash for the Internet switching equipment maker, a 40% premium to FORE's share price on Apr 23, 1999. FORE will be a stand-alone subsidiary of GEC, and will keep its brand name and marketing operations separate. Some analysts felt GEC had paid too much, but GEC CEO George Simpson said the price was comparable to the $20 billion Lucent Technologies paid for Ascend Communications.

Telephone Apparatus Manufacturing, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Data Communications Equip, Computer network equipment industry, Network hardware industry, Electrical equipment and supplies industry, Electric equipment industry, Data communications equipment, General Electric Company PLC, FORE Systems Inc.

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