AVONDALE TO START TALKS WITH LITTON ON ITS OFFER
Date: 12 May 1999
By Bloomberg News
Bloomberg News
Avondale Industries will start talks with Litton Industries, which made last bid that topped Newport News Shipbuilding Inc's offer; Avondale says Litton's $504 million cash offer could lead to proposal that is superior to its merger agreement with Newport News (S)
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MOTOROLA AGREES TO SELL A CHIP UNIT
Date: 12 May 1999
By Bloomberg News
Bloomberg News
Motorola Inc to sell Semiconductor Components Group to financier David Bonderman's Texas Pacific Group for about $1.6 billion in cash, notes and stock in new company; bid beats out competing $1.6 billion offer from TFG Acquisition Group (S)
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DAIMLERCHRYSLER ENDS TRUCK ALLIANCE WITH NISSAN
Date: 12 May 1999
By Bloomberg News
Bloomberg News
DaimlerChrysler AG will end truck development alliance with Nissan Motor Co following Renault SA's acquisition of 37 percent stake in Nissan (S)
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SHARES OF ZONAGEN, A BIOTECHNOLOGY CONCERN, TUMBLE
Date: 11 May 1999
By Bloomberg News
Bloomberg News
Shares of Zonagen Inc plunge after company, money-losing biotechnology concern, says it believes Food and Drug Administration will not approve its first product, impotence drug called Vasomax that would complete with Pfizer Inc's Viagra; Zonagen's marketing partner is Schering-Plough Corp (S)
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UTILICORP UNITED BUYS EMPIRE DISTRICT ELECTRIC
Date: 12 May 1999
By Bloomberg News
Bloomberg News
Utilicorp United Inc acquires Empire District Electric Co for $505 million in stock, plus $260 million in assumed debt and $33 million in cash (S)
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APOLLO MANAGEMENT INCREASES RARE MEDIUM INVESTMENT
Date: 11 May 1999
By Bloomberg News
Bloomberg News
Rare Medium Group says Apollo Management LP has agreed to increase its investment to $85 million from $75 million; Apollo will become Rare Medium's largest shareholder, with 25 percent stake (S)
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CALPINE COMPLETES PURCHASE OF 14 POWER PLANTS
Date: 11 May 1999
By Bloomberg News
Bloomberg News
Calpine Corp purchases 14 geothermal power plants in California from PG&E Corp for $212.8 million, making it largest US supplier of power using steam heat from deep wihtin the earth (S)
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JLG, MAKER OF AERIAL WORK PLATFORMS, WILL BUY GRADALL
Date: 12 May 1999
By Bloomberg News
Bloomberg News
JLG Industries agrees to buy Gradall Industries for $200 million in cash (S)
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JOHNSTOWN AMERICA TO SELL STAKE IN FREIGHT-CAR UNIT
Date: 12 May 1999
By Bloomberg News
Bloomberg News
Johnstown America Industries to sell 80 percent of its freight-car business to management-led group to focus on producing truck parts; group will pay $100 million in cash and $20 million cash payment based on performance; new company will assume $14.4 million in debt and $10.8 million in retiree benefits (S)
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NTL, A CABLE TV CONCERN, WINS FRENCH CONTRACT
Date: 11 May 1999
By Bridge News
Bridge News
NTL Inc wins competitive tender for control of France Telecom's IG Networks, which it will acquire for $57 million (US) (S)
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