Sinking stocks could threaten AOL merger

Article Abstract:

Investors are apparently uncertain about, if not resistant to, the all- stock merger planned by America Online Inc (AOL) and Time Warner Inc. This reflects in the rapid decline of the value of both companies' stock in Wall Street since the public announcement of their merger. If AOL and Time Warner stocks continue to fall sharply even further, the merger could become difficult to complete. Furthermore, Wall Street analysts appear to be having trouble determining the combined value of the merged companies.

Motion Picture and Video Industries, Motion Picture & TV Production, America Online Inc.

---

Merger might reduce perks for big players

Article Abstract:

The pending merger of MGM Grand and Mirage Resorts should reduce the size and number of perks being given to big-time gamblers, said analysts. Casino operators traditionally try to outdo each other in providing perks such as mega-suites and chauffeurs to lure high rollers to Las Vegas. As an indication of how much Vegas casinos rely on high rollers, baccarat, a high-stakes card game, contributed 12% of gaming revenue, or $543 million on the Strip in 1999.

Casinos (except Casino Hotels), Casinos, MGM Grand Inc.

---

Kroger lengthens grocery chain

Article Abstract:

Kroger's move to acquire Fred Meyer for around $8 billion in stock will form the country's largest supermarket chain. Kroger announced on Oct. 19,1998, that it will acquire Fred Meyer in a deal that includes the assumption of Fred Meyer's debt of around $4.8 billion. The company, to be called The Kroger Co., will manage an estimated 2,200 stores in 31 states and employ 300,000 people. The combined company, to be based in Cincinnati, OH, will also place No. 1 or No. 2 in market share in 33 of US' largest markets. Kroger and Fred Meyer's board of directors already approved the deal, but it still needs the approval of federal regulators.

Comment:

Move to acquire Fred Meyer for around $8 bil in stock will form the country's largest supermarket chain

Asset sales & divestitures, Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, Pharmacies and Drug Stores, Drug Stores, Drugstores, Kroger Co., Fred Meyer Inc., Article

Similar abstracts:

• Abstracts: Airlines pump up perks for high-revenue fliers: Requirements for top-tier treatment raised, tightened. Revamped tool helps fliers breathe easier
• Abstracts: A new campaign tries to persuade gun owners to lock up their weapons to save children's lives. BP Amoco wants to sell much more than gas at its new stations
• Abstracts: Strategist sees dark year for Net stocks, markets. Cramer blames the media for TheStreet's woes. B2B stocks keep Nasdaq rally rolling
• Abstracts: Premium hikes fail to fortify health plans. Employers hold line on health costs. Minnesota insurers issue care guidelines
• Abstracts: Viewers sent to the Net for endings of Nike ads. Marion Jones puts new face on Nike ad. Protests let air out of Nike ads

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