US business services sector attracts UK buyers

Article Abstract:

North Carolina-based business services sector Medic Computer Systems was acquired by UK-based Misys for 582 million pounds sterling, making it the largest single transaction in the UK during 1997. There were 41 UK purchases of US firms in the business services sector in 1997. The 406 million pounds sterling purchase of US-based Duty Free International by UK-based British Airport Authorities was the second largest UK-USA single transaction in 1997. The US electrical and electronic engineering sector and the plastics sector recorded large purchases by UK firms in 1997.

United States, Industry Overview, Finance, BAA PLC, Misys PLC, World Duty Free Americas Inc., DFI, Medic Computer Systems Inc., MCSY

---

Jilted UniChem finds solace in shopping spree

Article Abstract:

UniChem invested 300 million pounds sterling on mergers and acquisitions in 1997. The pharmaceutical retail and wholesaler acquired 15 firms, which made it the most active UK business buyer in 1997. Alliance Sante Luxembourg was the most costly purchase at 278 million pounds sterling. Morgan Crucible made purchases totalling 61 million pounds sterling in 1997, making it the UK's second largest acquirer. The largest single transaction was the 9.8 billion pounds sterling merger of Guinness with Grand Metropolitan to form Diageo.

Guinness PLC, Morgan Crucible Company PLC, Grand Metropolitan PLC, Universal Chemicals and Coatings Inc.

---

Ship shape and Liverpool fashion

Article Abstract:

Many firms are relocating to Liverpool, UK because of government funding, high level of skilled labour, infrastructure and suitable office space. The 63 million pounds sterling takeover of bus company MTL London Northern by Metroline was the largest mergers and acquisition deal in the Liverpool area between July 1997 to August 1998. The close proximity of Liverpool to the city of Manchester helps firms remain independent in Liverpool while maintaining close links with the rest of the UK.

Economic aspects, Liverpool, England

Similar abstracts:

• Abstracts: BAA names the practices that will design its future. Art as an instrument of change. Heartbreak Hotel goes Dutch
• Abstracts: Business braces for more pain as bad debt spreads. Survey reveals Thai CFOs' optimism. Second Thai firm discloses debt default
• Abstracts: Jon Moulton interview: speaking frankly.... Sand Aire Private Equity. Lift-off for Sand Aire
• Abstracts: Money machine: software to transform personal financial control. Talking tools
• Abstracts: Mountainous Nepal aims to attract a more upscale brand of tourist. Publicity over gunplay in Macau may be damping weekend tourism

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