HOECHST AND KOHLBERG KRAVIS HALT TALKS
Date: 17 October 1998
By Bloomberg News
Bloomberg News
Hoechst AG and Kohlberg Kravis Roberts & Co end talks on Kohlberg Kravis's purchase of Hoechst's paint unit called Herberts (S)1
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16th of October 1998 News
Nyheter slik de dukket opp på forsiden av New York Times på 16. oktober 1998
RADCLIFFE, MITCHELL WITHDRAWS RESOURCE AMERICA BID
Date: 17 October 1998
By Bloomberg News
Bloomberg News
Radcliffe, Mitchell & Weiss is withdrawing its offer to buy Resource America Inc for more than $300 million (S)1
NATIONWIDE FINANCIAL ENDS BID FOR PILGRIM BAXTER
Date: 17 October 1998
By Bloomberg News
Bloomberg News
Nationwide Financial Services Inc ends talks to acquire Pilgrim Baxter & Associates Ltd; United Asset Management Co is said to be seeking as much as $600 million for unit (S)
TWO BIG DENTAL GROUPS PLANNING A COMBINATION
Date: 17 October 1998
By Bloomberg News
Bloomberg News
Gentle Dental Services Corp and Dental Care Associates Inc agree to combine; Dental Care holders will own 46.5 percent of new holding company, while Gentle Dental holders will own 53.5 percent (S)
MERCK PROFIT INCREASED BY 14% IN THIRD QUARTER
Date: 17 October 1998
By Bloomberg News
Bloomberg News
Merck & Co says profit rose 14 percent in third quarter; net income increased to $1.37 billion from $1.2 billion a year earlier (S)
AXA IS HOLDING TALKS WITH BARR ROSENBERG INVESTMENT
Date: 16 October 1998
By Bloomberg News
Bloomberg News
AXA SA, is holding talks with Barr Rosenberg Investment Management Group, California fund manager, about an alliance as AXA, Europe's biggest insurer, expands its asset management in US (S)
DUKE ENERGY IN NATURAL GAS PIPELINE DEAL WITH TEPPCO
Date: 17 October 1998
By Bloomberg News
Bloomberg News
Duke Energy Corp is folding its oil and natural gas liquids pipeline unit into its Teppco Partners LP affiliate in transaction valued at $100 million, and plans to use Teppco to acquire other pipeline businesses; Duke will own about 20 percent of Teppco after transaction (S)i
FIRSTPLUS SELLING BUSINESSES AND CUTTING HALF ITS STAFF
Date: 16 October 1998
By Bloomberg News
Bloomberg News
Firstplus Financial Group, struggling home-equity lender that failed to find buyer after putting itself up for sale in August, says it is selling its businesses in parts and will dismiss 3,000 people, or 50 percent of its staff; Firstplus is selling its loan servicing business to Superior Bank FSB and has accepted offer for its British-based business; two transactions are worth $130 million (S)
ARCO LAYING OFF 900 AND CUTTING COSTS BY $500 MILLION
Date: 16 October 1998
By Bloomberg News
Bloomberg News
Atlantic Richfield Co will cut 900 jobs, or 4.5 percent of its work force, and reduce costs by $500 million (S)
No More Policy Changes, Japan Bank Chief Says
Date: 16 October 1998
By Bloomberg News
Bloomberg News
Bank of Japan governor Masaru Hayami says no further changes in monetary policy will be made until Government judges effects of recent measures to pull nation out of recession; photo (S)