GIBSON GREETINGS IS SET TO BEGIN ACQUISITION DRIVE
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Gibson Greetings will use $106 million to begin making acquisitions in the first quarter of small greeting-card makers and other businesses as part of plan to broaden its product line (S)
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PIONEER NATURAL TO SELL GAS AND OIL PROPERTIES
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Pioneer Natural Gas Co to sell natural gas and oil properties in Oklahoma, West Texas and New Mexico for total of $105 million to unit of Titan Exploration Inc and to Sheridan Energy Inc; to use funds for debt reduction (S)
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XPEDITE ACCEPTS SWEETENED OFFER FROM PREMIERE
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Xpedite Systems Inc accepts sweetened offer of $34 share in stock from Premiere Technologies Inc in deal valued at $305 million; Premiere will also assume debt of $117 million (S)
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DEL MONTE BUYING SOME OF CONTADINA LINE OF PRODUCTS
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Del Monte Foods Co to buy Contadina brand of canned tomato products and some related operations from Nestle SA; terms are not disclosed (S)
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GREEN TREE SHARES SLIDE ON PRETAX CHARGE REPORT
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Shares of Green Tree Financial Corp decline 18 percent after company says it will take pretax charge of as much as $150 million to write down value of asset-backed securities on its books (S)
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GLATFELTER SET TO BROADEN ITS PAPER PRODUCTS BASE
Date: 15 November 1997
By Bloomberg News
Bloomberg News
P H Glatfelter Co to buy paper unit from Scholler & Hosch for $198 million, including about $40 million in debt; unit is owned by Deutsche Beteiligungs AG and Scholler & Hosch's management (S)
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Second Stimulus Plan Is Announced in Japan
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Ruling Liberal Democratic Party announces another plan to stimulate Japan's economy, but stocks decline on disappointment that package lacks measures to provide immediate relief; Government to release third stimulus package in December 10 (S)
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Waste Management Takes a Pretax Charge
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Waste Management Inc takes pretax third-quarter charge of about $173 million and restates its accounts for past two years; says actions are based on first phase of review by its audit committee (S)
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TCI Trims Loss For 3d Quarter
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Tele-Communications Inc reports third-quarter loss of $22 million, compared with loss of $138 million in same period year before; Leo Hindery, president, comments on company's improved performance (S)
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Bill Would Delay Derivatives Rules at Banks
Date: 15 November 1997
By Bloomberg News
Bloomberg News
Senator Lauch Faircloth introduces bill to stop new derivatives rules from Financial Accounting Standards Board from taking effect for banks unless regulators first certify standards; regulators like Federal Reserve and Office of Comptroller of Currency have said rule could mislead investors by making corporate balance sheets appear more volatile then they are; new rules would require public companies to report fair-market value of derivatives in their balance sheets rather than in footnotes (S)
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