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BUSINESS
November 3, 1998 | Reuters
In the latest in a series of legal setbacks for AlliedSignal Inc.'s $10-billion hostile bid for AMP Inc., an appellate court refused to overturn a ruling that prevents AlliedSignal from holding a proxy battle for the leading maker of electrical connection devices. The U.S. 3rd Circuit Court of Appeals denied AlliedSignal's request for emergency relief from an injunction barring the proxy battle. Last month, an injunction was handed down in U.S.
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BUSINESS
November 3, 1998 | Reuters
In the latest in a series of legal setbacks for AlliedSignal Inc.'s $10-billion hostile bid for AMP Inc., an appellate court refused to overturn a ruling that prevents AlliedSignal from holding a proxy battle for the leading maker of electrical connection devices. The U.S. 3rd Circuit Court of Appeals denied AlliedSignal's request for emergency relief from an injunction barring the proxy battle. Last month, an injunction was handed down in U.S.
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BUSINESS
April 7, 1987
The Morris Township, N.J.-based company said it will sell the electronics businesses for $479 million to Lanesborough Corp., a privately held chemical concern. Redwood City, Calif.-based Ampex Corp., makes audio-visual equipment, systems and magnetic tape for the broadcasting industry. The sale is expected to be closed by the end of May.
BUSINESS
April 7, 1987
The Morris Township, N.J.-based company said it will sell the electronics businesses for $479 million to Lanesborough Corp., a privately held chemical concern. Redwood City, Calif.-based Ampex Corp., makes audio-visual equipment, systems and magnetic tape for the broadcasting industry. The sale is expected to be closed by the end of May.
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