Word: mergers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...daring move, Chrysler will buy AMC. -- The merger whirlwind blows anew. -- A transatlantic insider- trading scam...
Suddenly the merger whirlwind started blowing once again last week, into every corner of the economy. Chrysler's agreement to buy AMC was only the most stunning of a series of takeover bids and pacts that swept through the boardrooms of airline companies, book publishers, casino operators, shoemakers and retailers. Says Thom Brown, chief of investment policy at Butcher & Singer, a Philadelphia-based investment-banking firm: "There are so many deals in the works that it's hard to keep a cap on them...
...unexpected flurry seemed to defy a whole host of forces. Many Wall Streeters had thought tax reform would put at least a temporary damper on merger activity by taking away some of the deductions that help make the deals attractive. Another concern was that the insider-trading scandal would hurt the ability of investment firms to raise money for takeovers. A third impediment to mergers has been the continuing surge in stock prices, which has made takeovers increasingly expensive...
...acquire Supermarkets General for $1.6 billion would join two retailers. Dart owns discount auto-parts stores and book outlets, while Supermarkets General specializes in food and drugs. Some analysts suspect that the Haft family, which controls the Dart Group, would be perfectly content to stop short of an actual merger and sell its current shares in Supermarkets General at a profit...
...craps tables. Real Estate Developer Donald Trump last week announced a $101 million acquisition of Resorts International. Resorts owns two Atlantic City, N.J., casinos, including the Taj Mahal, which will rank as the world's largest gambling hall when it is completed next year. When the merger is accomplished, Trump will control some 15% of Atlantic City's assessed real estate...