UNILEVER SEEKS BUYER FOR A BESTFOODS UNIT
Date: 17 October 2000
By Bloomberg News
Bloomberg News
Unilever is seeking buyer for United States baked-goods unit of Bestfoods because unit does not fit with Unilever's other businesses (S)
Toistetaan tiistaina 17. lokakuuta 2000
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17th of October 2000 News
Uutiset sellaisena kuin ne ilmestyivät New York Timesin etusivulle 17. lokakuuta 2000
LODGIAN IS TARGET OF TAKEOVER BID BY SHAREHOLDER
Date: 17 October 2000
By Bloomberg News
Bloomberg News
Lodgian, which owns and operates Marriott, Holiday Inn and Crowne Plaza hotels, receives $140.6 million hostile takeover bid from its largest shareholder, Edgecliff Holdings LLC; William Yung, president of Edgecliff, offers to buy all shares outstanding for $5 each, financed through combination of cash and debt from Edgecliff, DLJ Real Estate Capital Partners and Lehman Brothers (S)
HERCULES WARNS ON PROFIT AS CHIEF EXECUTIVE RESIGNS
Date: 18 October 2000
By Bloomberg News
Bloomberg News
Hercules Inc says third-quarter profit will be lower than expected; chief executive Vincent Corbo resigns (S)
HORIZON PHARMACIES REPORTS ELIMINATING 260 JOBS
Date: 17 October 2000
By Bloomberg News
Bloomberg News
Horizon Pharmacies Inc reduces its work force by 26 percent, or 260 employees, as part of its plan to cut costs (S)
SCC COMMUNICATIONS AGREES TO PURCHASE A LUCENT UNIT
Date: 18 October 2000
By Bloomberg News
Bloomberg News
SCC Communications Corp, provider of 911 services to telephone carriers, agrees to buy public safety systems unit of Lucent Technologies Inc for about $41 million (S)
KELLOGG REORGANIZES DIVISIONS TO TRY TO INCREASE SALES
Date: 17 October 2000
By Bloomberg News
Bloomberg News
Kellogg Co will cut its operating divisions to two from four as it tries to bolster sluggish cereal sales (S)
SUNRISE MEDICAL WILL BE BOUGHT BY ITS SENIOR MANAGERS
Date: 18 October 2000
By Bloomberg News
Bloomberg News
Sunrise Medical Inc agrees to be acquired by investor group that includes its chief executive, Michael Hammes, and other senior managers in transaction that values Sunrise at about $224.4 million; group also includes Park Avenue Equity Partners and Vestar Capital Partners (S)
CALPINE TO BUY TRIGAS, CANADIAN ENERGY PRODUCER
Date: 17 October 2000
By Bloomberg News
Bloomberg News
Calpine Corp, builder of steam-fed power plants, agrees to buy TriGas Exploration for 156 million Canadian dollars ($103 million) in cash and assumed debt to secure fuel for its Alberta electricity plant (S)
OWNER OF TAXOL PATENT SUES F.D.A. AGAIN OVER GENERIC
Date: 18 October 2000
By Bloomberg News
Bloomberg News
American BioScience Inc, owner of Bristol-Myers Squibb Co's cancer treatment drug Taxol, sues Food and Drug Administration for second time over its approval of Ivax Corp's generic version of drug; asks judge to make FDA accept Bristol-Myers' latest application to list American BioScience patent on Taxol; listing patent with regulatory agency would effectively delay Ivax's introduction of generic version of drug (S)
FAST NEW I.B.M. SERVER
Date: 17 October 2000
By Bloomberg News
Bloomberg News
IBM will sell new server computer that may give company at least temporary advantage over rivals; server, pSeries 680, part of IBM's new eServer line of business computers, is most powerful server using popular Unix operating system; it is first such server able to process more than 200,000 transactions a minute (S)