CENDANT TO BUY TWO BRITISH TRAVEL COMPANIES
Date: 17 December 2004
By Bloomberg News
Bloomberg News
Cendant Corp acquires Britain's Gullivers Travel Associates and Octopus Travel Group Ltd for about $1.1 billion to offer more travel packages to Europe and Asia (S)
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HEIR SELLS CONTROL OF ELVIS PRESLEY ENTERPRISES
Date: 17 December 2004
By Bloomberg News
Bloomberg News
Lisa Marie Presley, daughter of Elvis Presley, agrees to sell 85 percent stake in Elvis Presley Enterprises, which manages her later father's music rights and Graceland mansion, for $100 million to former concert promoter, Robert F X Sillerman; business had revenue of $45 million in 2003; Sillerman plans to take asset public as part of new media company (S)
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GLAMIS GOLD MAKES HOSTILE BID FOR GOLDCORP
Date: 17 December 2004
By Bloomberg News
Bloomberg News
Glamis Gold Ltd, which produces gold in Nevada and Honduras, makes hostile takeover bid for Goldcorp Inc of Canada for $3.38 billion in stock; Glamis went directly to investors of Goldcorp after board rejected bid; offer would require Goldcorp to drop its $2.17 billion bid for Wheaton River Minerals Ltd (S)
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ICAHN DISCLOSES STOCK MOVE IN TAKEOVER FIGHT
Date: 16 December 2004
By Bloomberg News
Bloomberg News
Investor Carl C Icahn, seeking to derail Mylan Laboratories' proposed purchase of King Pharmaceuticals, says in Securities and Exchange Commission filing that he holds short position of 5.34 million King shares; Icahn owns 9.8 percent stake in Mylan and has offered to buy company for $5.4 billion; restates his bid and urges rejection of King purchase (S)
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MARSH & MCLENNAN COMPLETES NEW CREDIT AGREEMENT
Date: 16 December 2004
By Bloomberg News
Bloomberg News
Marsh & McLennan completes and expands $3 billion credit agreement with banks led by Citigroup; company was forced to renegotiate its credit after New York State Atty Gen Eliot Spitzer sued company, accusing it of rigging bids and taking kickbacks (S)
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WALGREEN WILL STOP ACCEPTING AMERICAN EXPRESS CARDS
Date: 16 December 2004
By Bloomberg News
Bloomberg News
Walgreen Co will stop accepting American Express cards effective Jan 14 because fees are higher than those of Visa and MasterCard (S)
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TRUMP HOTELS FILES PLAN TO EXIT BANKRUPTCY
Date: 16 December 2004
By Bloomberg News
Bloomberg News
Trump Hotels and Casino Resorts files plan to exit bankruptcy that could keep Donald Trump as chairman while giving bondholders controlling stake in company and new notes in exchange for debt; Donald Trump would invest $55 million (S)
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NOBLE TO BUY PATINA OIL AND GAS FOR $2.76 BILLION
Date: 17 December 2004
By Bloomberg News
Bloomberg News
Noble Energy acquires Patina Oil and Gas Corp for $2.76 billion to expand in Rocky Mountains, region forecast to become top domestic natural gas source (S)
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World Business Briefing | Europe: The Netherlands: Candy Unit Sold
Date: 17 December 2004
By Bloomberg News
Bloomberg News
Dutch food processing company,
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Fidelity to Buy Fiserv Unit
Date: 17 December 2004
By Bloomberg News
Bloomberg News
National Financial, unit of Fidelityø
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