CGI TO BUY TELEGLOBE'S INSURANCE SERVICES UNIT
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Montreal-based CGI Group Inc agrees to buy insurance systems unit of Teleglobe Inc for $140 million (Canadian), or $100 million (US), in cash and preferred shares (S)
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MONROC HIRES DILLON, READ TO RAISE ITS MARKET VALUE
Date: 13 August 1997
By Bloomberg News
Bloomberg News
Monroc Inc hires investment bankers Dillon, Read & Co to examine ways to raise its market value, including possible merger or sale (S)
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SUN CUTS PRICES AND ADDS FEATURES ON MIDRANGE SERVER
Date: 13 August 1997
By Bloomberg News
Bloomberg News
Sun Microsystems Inc cuts prices as much as 27 percent and adds features to its midrange computer server in bid to win market share from competitors (S)
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PENNEY TO OFFER EARLY RETIREMENT TO MANAGERS
Date: 12 August 1997
By Bloomberg News
Bloomberg News
J C Penney Co will offer voluntary early retirement to 1,500, or about 5 percent, of its management employees and expects to take $200 million pretax charge against earnings later this year to pay for the program (S)
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GENICOM BUYS DIGITAL'S PRINTING SYSTEMS UNIT
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Genicom Corp buys Digital Equipment Corp's printing systems business for undisclosed price, broadening its reach in helping companies set up and maintain computer printers (S)
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FAIRFIELD COMMUNITIES IN STOCK DEAL FOR VACATION BREAK
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Fairfield Communities Inc will acquire resort operator Vacation Break USA Inc for $190.2 million in stock (S)
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UNISOURCE TO PAY $163 MILLION FOR NATIONAL SANITARY
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Unisource Worldwide Inc agrees to acquire National Sanitary Supply Co for about $163 million in cash plus assumed debt (S)
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Contract Is Approved, Ending Steel Strike
Date: 13 August 1997
By Bloomberg News
Bloomberg News
United Steelworkers of America approves pact with WHX Corp, ending 10-month strike at company's Wheeling-Pittsburgh unit; pact calls for offering 850 workers early retirement; bars WHX from closing any plants for at least 30 months (S)
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NORFOLK SOUTHERN AND CSX BACK DELAWARE OTSEGO DEAL
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Norfolk Southern Corp and CSX Corp say they plan to finance management buyout of Delaware Otsego Corp; two railroad companies and Walter G Rich, Delaware Otsego's chief executive, will pay $40.43 million to acquire Delaware Otsego shares at $19 each, assume about $11 million of debt and repay $6.75 million of debt (S)
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Japanese Stocks Lower
Date: 13 August 1997
By Bloomberg News
Bloomberg News
Japan's Nikkei index is down 214.82 points, or 1.12 percent, at 18,884.29 on Aug 13 (S)
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