Word: merger
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Dates: during 1990-1999
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Olivetti, a failed Italian typewriter maker reincarnated as a communications firm, stuns Europe's stock markets with a dramatic, $65 billion offer to take over Telecom Italia, a telephone behemoth seven times its size. A cozy merger between Societe Generale and Paribas, two of France's leading banks, is thrown into disarray when a rival Paris financial house proposes to swallow them both. A battle for control of Italian fashion giant Gucci turns venomous when a French billionaire proclaims that he has snatched the company from the clutches of a rival French raider...
...this sounds new. But for Europeans, the ground is shaking. A bare three months into 1999, the first year of Europe's single currency, the pace of deal making is already fevered. According to statistics compiled by Securities Data/Thomson Financial by the end of the first quarter of 1999, merger activity involving European companies has reached $345 billion, up from $145 billion in the same period last year...
BankBoston executive Gail Snowden could not speak because of extra work resulting from the merger of BankBoston and Fleet Bank, according to Keith E. Bernard '99, the president of the Black Men's Forum (BMF), the event's sponsor...
Students attending the lunch questioned Wilson about the possibility of a merger between Harvard and Radcliffe, reportedly the subject of closed-door talks between the two schools for more than a year...
Students attending the lunch questioned Wilson about the possibility of a merger between Harvard and Radcliffee, reportedly the subject of closed- door talks between the two schools for more than a year...