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Date: 04 December 1997
By Bloomberg News
Bloomberg News
Quebecor Inc, Canada's largest printing company, makes unsolicited bid of $316.8 million for Watmoughs Holdings PLC, which Watmoughs rejects (S)
Date: 04 December 1997
By Bloomberg News
Bloomberg News
Arch Communications Group Inc, paging company, to sell all of its communications towers for $40 million to Telcom Towers LLC and lease space on them; Arch Communications will sell 148 towers on about 134 sites (S)
Date: 03 December 1997
By Bloomberg News
Bloomberg News
Moffat Communications Ltd. of Winnipeg, Manitoba, agreed yesterday to buy the Alberta cable-television systems of Groupe Videotron for $295 million (Canadian), or $209.5 million (United States), almost doubling the number of its subscribers. The purchase will add 152,000 cable subscribers to the 228,000 that Moffat already has in the United States and Canada. Moffat will also get 2,220 Internet-access customers from Groupe Videotron, which is based in Montreal.
Date: 04 December 1997
By Bloomberg News
Bloomberg News
Zeigler Coal Holding Co is in process of retaining unidentified investment banking firm to help it evaluate business alternatives, including a sale of the company (S)
Date: 04 December 1997
By Bloomberg News
Bloomberg News
Compuware Corp agrees to buy closely held Numega Technologies Inc for $115 million in stock plus options (S)
Date: 03 December 1997
By Bloomberg News
Bloomberg News
Unifi Inc. said it would dismiss 200 employees, or 3.5 percent of its work force, when the company closes two yarn factories to cut operating costs. After the job cuts, Unifi will have 5,500 employees, the company said. Unifi, which is based in Greensboro, N. C., said it would close two older yarn plants in Graham and Lincolnton, N.C., by Feb. 1 to concentrate on running its 14 remaining plants more efficiently. Unifi took ownership of the two factories, which make yarns used in socks, women's hosiery and waistbands, when it acquired Spanco Yarns last month. Unifi also makes textured polyester and nylon. The company had revenues of $1.70 billion for the year ended June 29. Its shares rose 18.75 cents yesterday, to $37.75.
Date: 03 December 1997
By Bloomberg News
Bloomberg News
Stocks ended mixed yesterday, after computing companies warned of disappointing profits. The Dow Jones industrial average rose 5.72 points, or one-tenth of 1 percent, to 8,018.83. But the Nasdaq composite index, packed with computer shares, dropped 24.35, or 1.5 percent, to 1,606.37. The Standard & Poor's 500 Index dropped 3.10, or three-tenths of 1 percent, to 971.68.
Date: 04 December 1997
By Bloomberg News
Bloomberg News
Dow Jones industrial average gains 13.18 points, or two-tenths of 1 percent, to 8,032.01; Standard & Poor's 500-stock index rises 5.09, or half of 1 percent, to 976.77; Nasdaq composite index rises 8.76 points, or six-tenths of 1 percent, to 1,615.13 (M)
Date: 04 December 1997
By Bloomberg News
Bloomberg News
Copper prices tumble as weak demand from Asia and rising mine output pushes stockpiles close to 20-month highs (S)
Date: 04 December 1997
By Bloomberg News
Bloomberg News
Shares of Skis Rossignol SA close little changed after company says it is not target of takeover (S)