Echostar Says News Corp. May End Their Satellite Deal
Date: 29 April 1997
By Mark Landler
Mark Landler
Echostar Communications Corp, which teamed up with Rupert Murdoch's News Corp to start new satellite television service that Murdoch predicted would render cable obsolete, says that News Corp has threatened to pull out, just days before $1 billion deal was scheduled to close; David Moskowitz, general counsel of Echostar, says his company still hopes to iron out dispute and meet May 1 closing deadline (L)
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Korea Banks Set Bailout of Jinro
Date: 29 April 1997
By Bloomberg News
Bloomberg News
South Korean banks, trying to stave off third multi-billion-dollar bankruptcy of a big conglomerate this year, will provide 100 billion won, or $111 million, in emergency loans to Jinro Group (S)
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WMX TO BUY BACK 30 MILLION SHARES IN DUTCH AUCTION
Date: 30 April 1997
By Bloomberg News
Bloomberg News
WMX Technologies Inc expects to purchase 30 million of 88 million shares tendered in its Dutch auction offer (S)
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SYBRON INTERNATIONAL ACQUIRES MICROBIOLOGY CONCERN
Date: 30 April 1997
By Bloomberg News
Bloomberg News
Sybron International Corp says its Erie Scientific Co subsidiary has acquired Remel LP for $155 million in cash and assumed debt, expanding Sybron's position in microbiology industry (S)
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GREAT WESTERN HOLDERS SAID TO BACK MEETING DEADLINE
Date: 29 April 1997
By Bloomberg News
Bloomberg News
H F Ahmanson & Co says that holders of required majority of shares of Great Western Financial Corp voted in favor of requiring Great Western to hold its annual shareholders meeting by May 6; on April 24, Great Western said Ahmanson double-counted more than five million votes in its referendum of shareholders; Ahmanson has made hostile $6.01 takeover bid for Great Western (S)
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INTEGON, HIT BY LOSS, CONSIDERING SALE OF COMPANY
Date: 29 April 1997
By Bloomberg News
Bloomberg News
Integon Corp, after worse-than-expected first-quarter loss, says it might seek to sell the company (S)
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CAPSTAR BROADCASTING TO COMBINE WITH GULFSTAR
Date: 30 April 1997
By Bloomberg News
Bloomberg News
Capstar Broadcasting Partners agrees to acquire sister radio-station company, Gulfstar Communications Inc; details undisclosed (S)
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ABBOTT TO BUY SANOFI BUSINESS FOR $200 MILLION
Date: 30 April 1997
By Bloomberg News
Bloomberg News
Abbott Laboratories agrees to buy Sanofi SA's injectable-drug and syringe business in US for $200 million; agreement expands Abbott's line of generic injectable drugs and drug-delivery systems (S)
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Finmeccanica's Stock Falls as Chairman Quits
Date: 29 April 1997
By Bloomberg News
Bloomberg News
Shares of Finmeccanica SpA, Italian military and engineering company, fall after company's chairman, Fabiano Fabiani, says he plans to resign at end of week (S)
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New Wireless Shares Inspire Heavy Trading
Date: 29 April 1997
By Bloomberg News
Bloomberg News
Cable and Wireless Communications PLC surges on its first day of trading on London Stock Exchange; shares rise to 306.5 pence a share, up from listing price of 294.5 pence; more than 10.6 million shares change hands (S)
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