FRONTIER ACQUIRES MEDICAL MALPRACTICE BUSINESS
Date: 08 October 1997
By Bloomberg News
Bloomberg News
Frontier Insurance Group Inc will acquire Western Indemnity Corp for $48.5 million to bolster its medical malpractice insurance business; Frontier is owned by Galtney Group Inc (S)
Full Article
CREATIVE IS IN TALKS TO BUY CAMBRIDGE SOUNDWORKS
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Creative Technology Ltd is in talks to buy Cambridge Soundworks Inc; Creative owns 25 percent of Cambridge Soundworks' stock (S)
Full Article
PNC BANK BUYS INVESTMENT COUNSELOR STOLPER
Date: 08 October 1997
By Bloomberg News
Bloomberg News
PNC Bank Corp, Pittsburgh, acquires investment counselor Stolper & Co (S)
Full Article
COGNEX AGREES TO BUY APPLIED INTELLIGENT SYSTEMS
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Cognex Corp offers to buy Applied Intelligent Systems Inc for $105 million in stock (S)
Full Article
PUBLISHER SAYS IT WILL REPORT A LOSS AND TAKE A CHARGE
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Reader's Digest Assn expects loss in its first fiscal quarter because of weak sales and negative impact of dollar's strength on overseas revenue; will take pretax charge of $70 million to discontinue some businesses and cover severance costs for job cuts in Europe and United States (S)
Full Article
2 BIOTECHNOLOGY COMPANIES, ALZA AND ALKERMES, IN DEAL
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Alza Corp says it will pay Alkermes Inc $10 million to help company develop its agent to ease delivery of tumor drugs to the brain, and possibly $50 million more pending further studies of agent and regulatory approval; in exchange, Alza will receive option to exclusively market the drug, RMP-7, worldwide (S)
Full Article
ARCO CHEMICAL TO TAKE $116 MILLION CHARGE
Date: 07 October 1997
By Bloomberg News
Bloomberg News
ARCO Chemical Co unit of Atlantic Richfield will take third-quarter charge of $116 million for plant closings, job cuts and write-offs as part of plan to reduce costs and raise its stock price (S)
Full Article
WESTERN PACIFIC AIRLINES SEEKS BANKRUPTCY PROTECTION
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Western Pacific Airlines files for bankruptcy protection a week after scrapping plans to buy Frontier Airlines Inc; is talking to unidentified investor about providing debtor-in-possession financing, intended for companies in bankruptcy court proceedings; suggests it might sue four directors who resigned abruptly on Oct 3, which raised speculation about impending bankruptcy and caused airline's market share to drop more than 60 percent (S)
Full Article
THERMO ELECTRON IN DEAL FOR ALLIED HEALTHCARE UNIT
Date: 08 October 1997
By Bloomberg News
Bloomberg News
Thermo Electron Corp agrees to buy ventilator business of Allied Healthcare Products Inc for $37.5 million in cash (S)
Full Article
LORAL SPACE TO ACQUIRE ORION FOR $490 MILLION
Date: 08 October 1997
By Bloomberg News
Bloomberg News
Loral Space and Communications Ltd agrees to buy Orion Network Systems Inc for about $490 million in stock (S)
Full Article