Rhodes to profit

Article Abstract:

Filtronic Comtek will buy Filtronic Cable and Filtronic Holdings in a move defended by David Rhodes, Filtronic Comtek's executive chairman. Rhodes owns 70% of Filtronic Cable and 75% of Filtronic Holdings. There is some concern over the trading position of these acquisitions. Filtronic Comtek will take on 5 million pounds sterling worth of debt as well as the purchase consideration of 11.5 million pounds. Ernst and Young independently valued the two companies, which could have been sold to a US company.

Mergers, acquisitions and divestments, Filtronic Comtek Inc., Filtronic Cable, Filtronic Holdings

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Size doesn't matter

Article Abstract:

AT and T has carried out a major public share offering with its spin-off involving Lucent Technologies. The shares were heavily oversubscribed and have risen in price. Some 15% of Lucent has been offered in New York. Analysts had thought that Lucent's debt burden and size could deter investors. The group has some $3.8 billion of borrowings, and this will be reduced from the proceeds of the flotation. Financiers on Wall Street have benefited from fees earned due to this share issue.

Lucent Technologies Inc., Securities

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Bell Atlantic: court bells

Article Abstract:

Bell Atlantic is undertaking legal action against AT and T, with DSC which produces telecoms equipment. The two companies claim that AT and T designs products with the aim of preventing products from other companies being linked to it. The companies want damages and for their increased operating costs to be compensated. AT and T aims to compete directly with Baby Bells in the local telecoms services market, following liberalization of the industry in the US.

Laws, regulations and rules, Bell Atlantic Corp., BEL, DSC Communications Corp., DSC

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