Fujitsu gets hold of ICL

Article Abstract:

Nortel Networks, the Canada based telecommunications company, has sold its 9.9% stake of ICL, the UK based computer services company, to Japan based information technology group, Fujitsu. The price paid for the stake has not been disclosed although it is believed to have been between GB 52mn and GB 56mn. It is understood that Fujitsu decided to take full control over the company as part of its plans to float ICL on the London Stock Exchange in the year 2000. The flotation is predicted to value the company at GB 1.5bn.

Comment:

Sells 9.9% stake of ICL, UK based computer services company, to Japan based information technology group, Fujitsu

United Kingdom, Japan, Foreign operations, Computer Services, Computer Systems Design and Related Services, Other Electrical Equipment and Component Manufacturing, Electronics, Information technology services, Nortel Networks Corp., Fujitsu Ltd., ICL PLC (London, England), Article

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US: NESTLE CONSIDERS BID FOR QUAKER OATS

Article Abstract:

Nestle is considering a possible bid for Quaker Oats, the American food giant. Various possible suitors have rebuffed Quaker but Nestle is impressed with its developments at Quaker, such as its Gatorade sports drink. Analysts believe Quaker's products represent a good fit for Nestle although there is concern at the US$ 14bn valuation placed on Quaker. A bid from Nestle could damage its own share price.

United States, Food & Kindred Products, Food Manufacturing, Switzerland, FOOD AND KINDRED PRODUCTS, Grain Mill Products, Grain and Oilseed Milling, Mergers, acquisitions and divestments, Food industry, Nestle S.A., Grain industry, Quaker Oats Co., OAT, Grain products

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