POTOMAC BUYS DISTRIBUTION NETWORKS IN NETHERLANDS
Date: 13 August 1999
By Bloomberg News
Bloomberg News
Potomac Electric Power Co acquired 21 natural-gas distribution networks last month from municipal governments in Netherlands for $724 million in cash, further expanding in Europe's deregulating energy markets; Potomac agreed to lease back systems to municipalities for 25 years (S)
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TAG AVIATION IS SET TO PURCHASE WAYFARER
Date: 14 August 1999
By Bloomberg News
Bloomberg News
TAG Aviation USA Inc plans to purchase Wayfarer Aviation Inc; terms are not disclosed but estimate is less than $20 million (S)
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CORT BUSINESS SERVICES ACCEPTS HIGHER OFFER
Date: 14 August 1999
By Bloomberg News
Bloomberg News
Cort Business Services Corp, after already agreeing to buyout offer from management-led group, accepts higher bid of $376 million from the group after big shareholder criticizes price (S)
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OCCIDENTAL PETROLEUM PLANS SEPARATE CHEMICAL UNIT
Date: 14 August 1999
By Bloomberg News
Bloomberg News
Occidental Petroleum Corp forms separate unit for its specialty chemical operations, Occidental Industrial Specialty Chemicals Corp, which will have about $600 milllion in assets and 700 employees (S)
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DANA, MAKER OF AXLES, EXPANDING ITS BUSINESS
Date: 14 August 1999
By Bloomberg News
Bloomberg News
Dana Corp purchases closely held Innovative Manufacturing Inc; terms are not disclosed (S)
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TEXACO PLANS TO INCREASE NUMBER OF JOB CUTS TO 2,500
Date: 13 August 1999
By Bloomberg News
Bloomberg News
Texaco Inc increases number of jobs it will cut to 2,500, or 10 percent of its work force, from 1,400 it estimated last year; most of jobs will be cut by end of September (S)
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PHILIP MORRIS TO CUT PRICES ON MAXWELL HOUSE COFFEE
Date: 14 August 1999
By Bloomberg News
Bloomberg News
Philip Morris Cos to cut price of its Maxwell House coffee to reflect falling price of raw beans (S)
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NEXTEL GETS U.S. APPROVAL TO BUY NEXTWAVE SPECTRUM
Date: 13 August 1999
By Bloomberg News
Bloomberg News
Shares of Nextel Communications Inc rise more than 10 percent after company says it has received Justice Department and Federal Communications Commission approval to proceed with plans to buy radio spectrum owned by Nextwave Personal Communications Inc, which filed for Chapter 11 bankruptcy protection in June 1998 (S)
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Krispy Kreme Mulls Issue
Date: 13 August 1999
By Bloomberg News
Bloomberg News
Krispy Kreme Doughnut Corp is considering public sale of its stock (S)
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DISTILLER IN TAKEOVER TALKS
Date: 14 August 1999
By Bloomberg News
Bloomberg News
Shares in Highland Distillers PLC rise 26 percent on news of bid from potential buyer; graph (S)
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