Word: mergerism
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...JOHN MALONE With TCI-Bell Atlantic merger, the prophet of the information highway pockets shares worth $1.1 billion...
...When the merger became final, we were furious,” recalls Shauna L. Shames ’01, a former UC representative from Currier House who was active in groups like the Coalition Against Sexual Violence (CASV) and Students for Choice. “We felt like we’d been bought and sold and traded...
...account; Daimler's share of Mitsubishi's 2002-04 losses totaled more than $1 billion. The company's biggest acquisition, the $36 billion purchase of Chrysler Corp. in 1998, remains deeply controversial. The market value of DaimlerChrysler, the combined firm, is about one-third less than when the merger was announced. "They frittered away their cash," says Helmut Becker, a former chief economist of rival BMW, who works as an industry consultant. "If they hadn't, the quality problems wouldn't have come about...
...Pernod. Investors are certainly drinking it in; since the acquisition, the company's stock price has spiked 38%. But before the celebratory champagne is all gone, Pringuet is confident "something will happen soon" in the trend of consolidation. The industry is looking to a Bacardi and Brown-Forman merger as the probable next big deal, but one thing is clear: the Continental gorillas at Pernod Ricard are thirsty...
...Sprint is celebrating its merger with business-minded Nextel is by launching a business-minded phone. The PPC-6700 PCS Vision Smart Device sprint.com $630, or $480 after rebates) can juggle several wireless connections at the same time. If you want to check e-mail and surf the Web, you can hop on a wi-fi network or connect to Sprint's new high-speed wireless network, available in more than 75 major U.S. markets. There's also Bluetooth for printing wirelessly and connecting a wireless hands-free earpiece...