Word: merger
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Dates: during 1990-1999
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Scott has begun a new job as financialadministrator for Partners Healthcare, Inc.---thecorporation created by the merger of the Brigham &Women's Hospital and Massachusetts GeneralHospital
...York, military contractor Grumman. Competing with Martin Marietta for the prize, Northrop agreed to pay $62 a share, or about $2.1 billion, for Grumman -- close to $170 million more than Martin Marietta, Grumman's original choice for a partner, was willing to fork over. Grumman had sought a merger to help ensure longevity in the shrinking military industry. Grumman agreed to pay Martin Marietta $50 million to forget their deal. And what will the employees of Grumman get? Most likely, layoffs...
...Merger Setbacks...
After reading 700 pages of rules governing the cable-television business, Southwestern Bell said no thanks to a planned $4.9 billion merger with Cox, the country's sixth largest cable system. "It's unlikely the cable industry can generate the cash flow we expected," concluded a senior vice president of Southwestern, based in San Antonio, Texas. This deal is the second to fall apart following the FCC announcement of another round of 7% cuts in cable rates. Bell Atlantic mentioned the rate cutbacks when it scuttled its planned $20 billion takeover of TCI last February...
While Green will reportedly remain in his postfor the rest of the academic year, Scott hasalready begun work on his new job as a financialadministrator for Partners Healthcare, Inc.--thenew company formed by the merger of the Brigham &Women's Hospital with Massachusetts GeneralHospital...