United Video discloses bid for Gemstar
Article Abstract:
United Video Satellite Group Inc. has disclosed a $45-a-share bid to acquire Gemstar International Group Ltd. for $2.8 billion after failing to negotiate a friendly deal. United Video, program guides provider and other services to media firms, took aim at Gemstar in hops of offering an array of interactive TV programming services. Gemstar, a maker of sophisticated technology for televisions and other consumer products, owns dozens of profitable patents to consumer-electronic firms and others. United Video said that the shareholders of Gemstar are in favor of the bid and by publicizing it, United Video uses a bear-hug tactic to being the target and its board to the table.
Comment:
Reports a $45-a-share bid to acquire Gemstar International Group for $2.8 billion after failing to negotiate a friendly deal
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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British Nuclear Fuels group leads buyers for CBS unit
Article Abstract:
CBS Corp. has given a consortium led by British Nuclear Fuels Ltd. and Boise, ID-based engineering firm Morrison Knudsen Corp. until Jun. 18, 1998, to hold exclusive talks aimed at completing a definitive agreement to purchase CBS' old industrial business including the last fragments of its Westinghouse nuclear-power business and a smaller government-operations unit. The bid is speculated at between $1 billion and $1.5 billion which includes the assumption of liabilities. The two main assets have reportedly been pledged to an American entity that could include a financial partner led by the consortium.
Comment:
Part of a consortium w/c plans to buy CBS Corp's old industrial business
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Scottish Power to acquire PacifiCorp in first foreign purchase of U.S. utility
Article Abstract:
Scottish Power PLC (Glasgow, UK) has acquired PacifiCorp of Portland in an over $7.6 billion stock swap. Scottish Power will give 0.58 of one American Depository Receipt share for each share of PacifiCorp stock. The transaction must still be approved by shareholders, by the U.S. Securities and Exchange Commission, by the Federal Energy Regulatory Commission, and by regulators in 7 US states. The acquisition will place Scottish Power among the world's ten 10 largest electricity and utility companies in terms of market capitalization, and will raise its current customer base of 5 million to 6.4 million.
Comment:
Scottish Power PLC (Glasgow, UK) has acquired PacifiCorp of Portland in an over $7.6 billion stock swap.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Comment about this article or add new information about this topic:
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