Investors: Seagate deal sells us short

Article Abstract:

Seagate Technology's shareholders are up in arms against a $20-billion deal to turn the company private. Shareholders are questioning a major component of the complex deal, mainly the $2 billion sale of the company's manufacturing operations to management and a buyout group led by Silver Lake Partners. They complain that the price tag is just 9.3 times what the company earned in 1999 from ongoing operations.

Computer Storage Device Manufacturing, Memories & Storage Devices, Seagate Technology Inc.

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Kellogg-Keebler deal: is it grrreat?

Article Abstract:

Battle Creek, MI-based Kellogg Co, the world's leading cereal company, has acquuired Elmhurst, IL-based Keebler Co, the nation's second-largest cookie and cracker company, for about $3.6 billion on Oct 26, 2000. Analysts apparently liked the deal since stocks of both companies immediately rose after the merger was announced. Keebler shareholders, however, were disappointed at the $42-a-share acquisition price.

Cookie and Cracker Manufacturing, Cookies & Crackers, Keebler Co.

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Viacom sells Simon & Schuster units for $4.6B

Article Abstract:

Viacom's has sold the Simon & Schuster's education, professional and publishing businesses to Pearson, a British media group, for $4.6 billion. Viacom will retain the consumer publishing business as well as the Simon & Schuster name. Under the terms of the deal, Pearson will sell off the professional and reference publishing units of Simon & Schuster to buyout firm Hicks Muse tate & Furst of Dallas, TX, for $1 billion. Pearson intends to integrate Simon & Schuster's educational business with its Addison-Wesley Longman publishing division.

Comment:

To acquire Simon & Schuster's professional & reference publishing units from Pearson of UK for $1 billion

United Kingdom, Publishing, Publishing Industries, Book Publishing, Book Publishers, Investment Advisory Services, Investment Advice, Publishing industry, Investment advisers, Viacom Inc., Hicks, Muse, Tate and Furst Inc., Pearson Inc., Article

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