Word: mergerism
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...telecom consultant at Booz Allen Hamilton in Milan. "The world of triple play will soon close. It's growing rapidly and the first to get a customer will not lose him." Most European communications companies are not equipped to offer all three services easily - hence a wave of strategic mergers. Late last year NTL, a U.K.-based telephone, cable and broadband company that emerged from bankruptcy just three years ago, proposed to buy Virgin Mobile for $1.4 billion so it could add mobile-phone service to its mix in a "quadruple play." Virgin Mobile's board rejected the initial offer...
...Arcelor is trying to reduce its heavy dependence on the European market that now accounts for 75% of its business. "Expansion into North America is a key strategic objective for Arcelor," Dollé explained. Arcelor's hyperactive end to the year was just part of a huge wave of mergers and acquisitions that is sweeping Europe these days; in boardrooms from Manchester to Moscow, cross-border strategies similar to Dollé's are the driving force. In Europe and globally, 2005 is poised to go down in the record books as the third best year for M&A activity...
...Among the striking features of the latest surge in merger activity is that it continues apace everywhere despite efforts by some national authorities to protect companies perceived as national champions. The French government kicked up a fuss about rumors that the food company Danone might be the target of a U.S. bid, and even published a list of industries it deemed to be in the strategic national interest. And in Rome, former governor of the Italian central bank Antonio Fazio tried to squash two bids by foreign banks for Italian ones. But his efforts quickly turned to a scandal after...
...training, Lauvergeon worked as an aide to the late French President François Mitterrand before joining the Lazard investment bank. In the late 1990s, the government asked her to take over Cogema, a state-owned nuclear reprocessing company. Convinced that nuclear had a big future, she orchestrated a merger with the other state-owned nuclear company, Framatome, which built plants and mined uranium, to create the French colossus. She has sought to create a positive image for the firm, and for nuclear energy in general, by sponsoring the French yacht in the America's Cup race and by launching...
Howe played for the WHA’s New England Whalers from 1977-1979, and after the NHL-WHA merger, he played the 1979-1980 season for the Hartford Whalers. He was 51 at the time...