Big telcos headed for the altar?

Article Abstract:

GTE Corp. and Bell Atlantic, two major telecommunications companies, disclosed a tentative agreement to merge their respective businesses. The tentative merger deal between GTE and Bell Atlantic, which is seen as one of the US' five biggest corporate merger agreements ever, will result to the establishment of the largest local-exchange carrier firm in the US with $125 billion in current market capital and about $53 billion in sales. The tentative merger deal between GTE and Bell Atlantic requires the endorsement of regulators and the firms' shareholders.

Comment:

Discloses a tentative agreement to merge its businesses w/ that of GTE

Acquisitions & mergers, Wired Telecommunications Carriers, Telephone Communications, Telephone services, Bell Atlantic Corp., GTE Corp., Article

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Audit error

Article Abstract:

A study is conducted to examine the conditions under which the firm's owner can adopt an accounting system that can admit self-interested manipulation by the manager to secure informative performance measure.

Analysis, Manipulation (Securities), Accounting systems

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