Word: mergers
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Rootin', tootin', acquisition-mad MCI Worldcom chief Bernard Ebbers may have finally met his match: the antitrust boys at the Justice Department. Ebbers' proposed $130 billion hookup with Sprint - the latest in a spectacular string of acquisitions by the southern-fried CEO - would be one of the largest corporate mergers ever, a joining of the No. 2 and No. 3 long-distance carriers that posed a serious threat to leader AT&T. But now Justice staffers have formally recommended to head trustbuster Joel Klein that the merger be blocked, on the grounds that a company with one third...
Last week she distributed a page proclaiming "No Money, No Merger...
They objected that the site recommendation--first presented to members at the school committee meeting last night--was hurried and lacked the sanction of the steering committee, a group of parents, teachers and district officials that has met weekly since fall to discuss the merger...
...offering an olive branch that brought an extension of the current Disney contract through July 15, a grateful viewership could finally reconnect with Regis. But there had taken place a not so subtle shifting in the ground beneath the cable business and in attitudes toward the Time Warner-AOL merger...
Back in January, the New York Times had editorialized that "there is little economic reason to fear the merger" as long as the parties kept their systems open. Last Friday, the paper saw fresh reason for concern: by "overriding the information and entertainment needs of millions of customers," the Times said, "Time Warner virtually compelled federal regulators to take a more searching look" at the merger...