Word: mergers
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Robert H. Scott announced his retirement as vice president for finance in September. But the search for a successor has dragged on so long that Scott actually started work in a new position with Partners Health Care Inc.-- the company formed by merger of Massachusetts General Hospital and the Brigham & Women's Hospital--before Harvard had even named a temporary replacement, Elizabeth C. "Beppie" Huidekoper...
...Wayne Huizenga, Blockbuster chairman and Viacom ally in the Paramount takeover war. Now backpedaling from merger with Viacom. Has announced plans for a Florida sports-and-entertainment complex to rival Disney World; now Disney may launch a friendly takeover bid for Blockbuster. Wants to rechristen Miami's Joe Robbie Stadium, which he owns 50% of, Blockbuster Stadium. The Robbie family is resisting...
Scott recently began work as vice president of Partners Health Care Systems, Inc., the company created by the merger of Massachusetts General Hospital and Brigham and Women's Hospital...
...Merger Setbacks...
After reading 700 pages of rules governing the cable-television business, Southwestern Bell said no thanks to a planned $4.9 billion merger with Cox, the country's sixth largest cable system. "It's unlikely the cable industry can generate the cash flow we expected," concluded a senior vice president of Southwestern, based in San Antonio, Texas. This deal is the second to fall apart following the FCC announcement of another round of 7% cuts in cable rates. Bell Atlantic mentioned the rate cutbacks when it scuttled its planned $20 billion takeover of TCI last February...