News Corp. Has 47% Profit Drop
Date: 06 May 1999
By Bloomberg News
Bloomberg News
News Corp says third-quarter profit fell 47 percent, to $168 million, compared with $319 million in year-earlier quarter; net income was $97 million; revenue fell 3.8 percent, to $3.1 billion from $3.22 billion (S)
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Rivals Team Up With National Geographic
Date: 06 May 1999
By Bloomberg News
Bloomberg News
Rival television networks NBC and Fox are teaming up with National Geographic Ventures to expand National Geographic Channel to US; Fox, subsidiary of News Corp, will own 50 percent of channel's operations worldwide, except for areas covered by National Geographic UK; General Electric's NBC and National Geographic will each own 25 percent; financial terms undisclosed (S)
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WINSLOEW FURNITURE APPROVES BUYOUT OFFER
Date: 06 May 1999
By Bloomberg News
Bloomberg News
Winsloew Furniture Inc approves increased buyout offer of $278 million from Trivest Furniture Corp, which is controlled by Winsloew chairman Earl W Powell (S)
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OFFER IS WITHDRAWN FOR A FRANCHISER OF SPORTS STORES
Date: 05 May 1999
By Bloomberg News
Bloomberg News
Grow Biz International Inc, which developes franchises for retailing used merchandise through Play It Again Sports stores, says chairman K Jeffrey Dahlberg and president-chief executive Ronald Olson have withdrawn their offer to buy shares of company they do not already own; two executives made offer of $14 a share in December, valuing company at $71 million (S)
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ATEC TO MERGE WITH WAREFORCE.COM IN $38.3 MILLION DEAL
Date: 05 May 1999
By Bloomberg News
Bloomberg News
Atec Group Inc agrees to merge with Wareforce.com Inc in stock swap valued at $38.3 million; Wareforce.com holders will own 54 percent of combined company (S)
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NORTHPOINT RISES 68% IN FIRST DAY OF TRADING, TO $40.25
Date: 06 May 1999
By Bloomberg News
Bloomberg News
Northpoint Communications shares rise 68 percent on first day of trading; company gains $16.25 a share, to $40.25, for a return of $360 million (S)
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GETTY IMAGES AGREES TO BUY ART.COM FOR $202 MILLION
Date: 06 May 1999
By Bloomberg News
Bloomberg News
Getty Images Inc agrees to buy Art.com for as much as $202 million in stock and cash (S)
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GRUPO PICKING PACK OF SPAIN ACQUIRES WAGON HOLDINGS
Date: 06 May 1999
By Bloomberg News
Bloomberg News
Grupo Picking Pack SA acquires Wagon Holdings, which owns Charrette Corp, for $107 million (S)
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HUNTSMAN BUYS POLYURETHANE BUSINESS FROM RHODIA S.A.
Date: 05 May 1999
By Bloomberg News
Bloomberg News
Huntsman Corp acquires polyurethane materials business of Paris-based Rhodia SA; terms undisclosed (S)
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JANNOCK TO SELL ITS VINYL SIDING UNIT TO INVESTORS GROUP
Date: 05 May 1999
By Bloomberg News
Bloomberg News
Jannock Ltd sells its vinyl siding unit to investor group including Citicorp Venture Capital Ltd for $157.5 million in cash and stock (S)
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