Word: mergerer
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...with Time Warner's stock having been among the biggest dogs in media since Lassie, Levin has thrown the dice again--and this time rolled a Ted. As in Turner. Time Warner's merger with Turner Broadcasting, sealed last week, makes the company the biggest in media, with unconsolidated sales of $21 billion. Time Warner--with holdings in film and television (including Warner Bros., HBO and Cinemax), publishing (including TIME, Book of the Month Club and Little, Brown Publishers) and music (including the Atlantic and Elektra labels)--adds to its roster such gold-plated assets...
...Burlington Northern bought Santa Fe in 1995, while Union Pacific merged with Southern Pacific earlier this year. Each control over 30,000 miles of track. The news pushed CSX stock down four percent in early trading on the New York Stock Exchange, but lifted Conrail by 20 percent. The merger will depend on approval from Conrail shareholders, who would receive $92.50 in cash and CSX stock for each share, and the U.S. Surface Transportation Board. After approving two mega-mergers in as many years, the board is unlikely to block this one. Some layoffs are anticipated from the consolidation...
...YORK CITY: Now comes the hard part. A little more than a year after the deal was announced, shareholders of Time Warner and Turner Broadcasting voted voted Thursday to approve the $7.5 billion merger. After clearing the considerable hurdles of an FTC review and the opposition of U.S. West, a large Time Warner shareholder, Time Warner chairman Gerald Levin and former Turner head Ted Turner have a daunting task ahead of them. More than 98% of the shareholders approved the merger and they now demand strong action to finally lift the value of the stock. Since Time and Warner merged...
...merger will create many more opportunities for collaborations in innovations in medical education as well as innovations in research," said Don L. Gibbons, director of public affairs at Harvard Medical School...
...Friends of men's and women's basketball are currently forming a single group, according to Delaney-Smith, who said she doesn't believe the merger will result in decreased donations.Crimson File PhotosThe Harvard men's lacrosse team recieved over $40,000 more than its female coutnerpart...