Word: mergerer
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...been quite vocal about its intention to acquire another U.S. company. The Germans perused the profit and loss statements of Simon & Schuster, owned by Viacom, and of HarperCollins, controlled by News Corp., but couldn't make a deal. For Bertelsmann, the world's third largest media company, the merger immediately establishes a long-sought commanding presence in the U.S., the world's largest media market. "Random House is a dream for Bertelsmann," says Thomas Middelhoff, 44, who engineered the deal just six months before officially stepping into the CEO's job. "I was as surprised as everyone else," says Sonny...
Just last week the American Stock Exchange and NASDAQ Stock Market confirmed that they are exploring a merger, likely to cost several hundred jobs. For different reasons, recently merged Salomon Smith Barney is cutting as many as 1,500 positions. Chase Manhattan, after combining with Chemical Bank in 1996, is laying off about 3,000. The Swiss Bank Corp. merger with Union Bank of Switzerland has prompted a flood of pink slips in New York City. There's been selective pruning at the merged Morgan Stanley Dean Witter Discover. And since Asia tanked, international firms, including NatWest Securities, J.P. Morgan...
Many cite history and science as this perfect merger of science and the humanities...
LONDON: The corporate marriage of the century is off. Citing "insurmountable differences" in management philosophy and corporate culture, British pharmaceutical giants SmithKline Beecham and Glaxo Wellcome have stopped negotiations on what was to be the biggest merger ever, creating a single company worth around $164 billion...
...according to a SmithKline spokesman, Glaxo tried to change the terms of the tentative deal announced Jan. 30 -- a deal that was then sweet enough for SmithKline to call off a merger with American Home Products Corp. No word on whether those two will reunite, but Monday's breakup had a Glaxo spokesman sniffing, "We're not actively looking for another merger partner." Glaxo's and SmithKline's stock price both soared with the first announcement; on Tuesday, the stocks had plunged a combined 14 points by midday...