Word: mobil
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...would appear that timing was the gasoline companies' problem as much as anything - they decided to combine just when the FTC had had its fill of oil company mergers. The commission spent good portions of 1998 and 1999 wrangling over whether to approve the $81 billion Exxon-Mobil merger, and have since indicated that the competitive playing field of gasoline vendors can't stand to be condensed anymore. Sen. Ron Wyden of Oregon, who petitioned the FTC to block the BP Amoco-Arco deal, told regulators the transaction would lead to other "copycat" mergers. If the folks at BP Amoco...
...word merger conjures up only thoughts of deals to join corporate giants like Exxon and Mobil, conjure again. What headline writers call "merger madness" is also breaking out among relatively pint-size companies, which seal new relationships in the cafeteria and celebrate with interpersonal mingling that can involve the whole staff. These not-so-big deals sometimes seem to occur in a business world altogether different from the one inhabited by the megabillion-bucks monsters. Witness the just completed merger of Personify and Anubis, two California e-commerce companies...
...money this fall after a vote by its board of directors, predicts chairman Ed Kangas. Several other large companies are expected to do the same. About 100 corporate and academic trustees of the business-funded Committee for Economic Development, a policy group that includes leaders from such companies as Mobil, Honeywell and Sara Lee, have signed on to a proposal to ban soft money and pass other reforms--and have sent a pointed letter to that effect to House Speaker Dennis Hastert...
...easy to forget that the most famous takeover battle of all time, R.J. Reynolds' 1988 bloody leveraged buyout of Nabisco, was valued at a paltry $25 billion. (The biggest merger of all time, to put things in perspective, is still in the process of creation: the announced marriage between Mobil and Exxon, which is estimated to be worth at least $80 billion...
...article "Council Urges Harvard to Cut Ties to Irresponsible Firms" (News. April 6) left out the key point of the divestment bill that passed through the UC on Monday night: the reasons Harvard shouldn't be investing in the corporations of Exxon, Chevron, Mobil, Texaco and Shell...