The BBC Adds 24-Hour News in Britain
Date: 10 November 1997
British Broadcasting Corp starts 24-hour news channel in Britain, part of its effort to position itself for multimedia world of 21st century; BBC's all-news BBC World channel has been beamed via satellite to 144 countries since 1994; new domestic BBC News 24 service will allow it to take on CNN International and News Corp's Sky News on home ground; all-news concept rankles many people long associated with BBC who fear network's reputation for incisive, in-depth reporting will be eroded by need to fill airwaves 24 hours a day (M)
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COKE TO BUY BOTTLING ASSETS OF KOREAN CONCERN
Date: 11 November 1997
By Bloomberg News
Bloomberg News
Coca-Cola Co says it will acquire soft drink bottling assets of Doosan Beverage Co for $450 million, giving it control over bottling, distribution and sales of Coca-Cola products in South Korea; Coke acquired its other Korean bottlers earlier this year (S)
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FIGGIE REVISES ITS AGREEMENT TO SELL SNORKEL
Date: 11 November 1997
By Bloomberg News
Bloomberg News
Figgie International Inc revises its agreement to sell its Snorkel aerial platform unit to Omniquip International Inc in way that might lower original $150 million price by as much as a third, although Figgie says it now values transaction at $120 million (S)
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BOMBARDIER PLANS TO ACQUIRE GERMAN RAIL CAR MAKER
Date: 11 November 1997
By Bloomberg News
Bloomberg News
Bombardier Inc says it will buy Deutsche Waggonbau AG, one of Germany's largest rail car makers, for undisclosed price; acquisition is Bombarider's first into former eastern Europe bloc and will increase its plants in Europe to 11 from six (S)
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TEXTRON TO BUY A BRITISH GOLF AND LAWN CARE BUSINESS
Date: 11 November 1997
By Bloomberg News
Bloomberg News
Textron Inc says it agreed to buy Ransomes PLC for 137.1 million pounds ($231.7 million) in cash and assume about $60 million of Ransomes debt (S)
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Telefonica of Spain To Acquire All of Unit
Date: 11 November 1997
By Bloomberg News
Bloomberg News
Telefonica de Espana will pay Spanish Government 127 billion pesetas ($876 million) for the 23.78 percent of Telefonica Internacional SA that it does not already own; move will give Telefonica complete ownership of Tisa, which controls telephone companies in Latin America (S)
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Metro Business; Dissolve Fund, Suit Asks
Date: 11 November 1997
By Bloomberg News
Bloomberg News
SB Partners, real estate limited partnership started by Smith Barney in 1970, faces lawsuit to dissolve money-losing fund; lawsuit, which seeks class-action status, was filed last week in State Supreme Court in Manhattan by investor (S)
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Nestle to Buy Rest Of San Pellegrino Water
Date: 11 November 1997
By Bloomberg News
Bloomberg News
Nestle SA says it will buy 51 percent stake it does not already own in San Pellegrino; price not announced (S)
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Managers Are Buying BTR Polymer Unit
Date: 11 November 1997
By Bloomberg News
Bloomberg News
BTR PLC agrees to sell its polymer products operation for 515 million pounds ($858 million) as part of its plan to focus on engineering; buyers are management team backed by Legal and General Ventures Group and Fuji Bank Ltd (S)
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German Bid Reported For Hambros of Britain
Date: 11 November 1997
By Bloomberg News
Bloomberg News
Westdeutsche Landesbank Girozentrale has reportedly made offer for Hambros PLC (S)
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