Word: merger
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Just when the British Telecom merger with MCI seemed like a done deal, up steps an American firm to throw a spanner in the works. WorldCom, the U.S. telecommunications upstart that bought CompuServe a couple of weeks ago and snapped up Brooks Fiber, a local telephone company Tuesday, decided Wednesday to have MCI for dessert. Money Daily reports that WorldCom will offer $30 billion in stock for the long-distance carrier, trumping BT's offer by about $12 billion. But it seems everyone was a winner as BT, MCI and WorldCom stock all soared on the London markets...
JOSHUA COOPER RAMO, who edits TIME DIGITAL, our bimonthly supplement on computer technology, wrote this week's cover story on America Online's merger with CompuServe. "People bash online services as a zero-billion- dollar business," says Ramo. "This proves that one of them can be a success and step out of the pack." Ramo, a senior editor, is stepping lively himself. Since he began editing Time Digital, it has grown from 42 to 80 pages. It now reaches 2.5 million readers and is available on newsstands. Last week it literally burst out of our regular magazine with a freestanding...
...just follow the bouncing ball. Price is an activist investor who has made millions buying large chunks of companies and then fomenting change to boost the stock price. He forced the merger of Chase and Chemical banks in 1995. He is currently engaged in a public battle with Dow Jones & Co. as well as ITT. And, oh, yes, little more than a year ago, Price, a 21% owner of Sunbeam, got Dunlap hired as CEO. The pay was right: Dunlap got 2.5 million stock options that, if all could be exercised today, would bring him $70 million. So when Dunlap...
TELECOM EXECS The Bell Atlantic-NYNEX merger may be no good for callers, but it's great for the corner offices...
...hospitals. Directors were worried that Scott's stonewalling of federal probes of Columbia's Medicare billings and home-health-care practices would only inflame the zeal of investigators and prosecutors and make a face-saving settlement impossible. And Columbia, which is based in Nashville, Tenn., was reportedly exploring a merger with Tenet Healthcare of Santa Barbara, Calif., the country's second largest hospital company. That deal would have been threatened by Columbia's prospective legal problems...