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January 9, 1990 | From Associated Press
Like nomads at a desert oasis, investors here and abroad are gulping shares of Britain's newly privatized water industry, lifting prices to unexpected highs but raising fears of foreign control over a necessity of life. The government sold 10 water utilities in England and Wales for $8.4 billion earlier this month. It was the latest in a series of privatizations and surprisingly successful in an otherwise sluggish stock market. The government offered 2.183 million shares at the equivalent of $3.
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BUSINESS
January 9, 1990 | From Associated Press
Like nomads at a desert oasis, investors here and abroad are gulping shares of Britain's newly privatized water industry, lifting prices to unexpected highs but raising fears of foreign control over a necessity of life. The government sold 10 water utilities in England and Wales for $8.4 billion earlier this month. It was the latest in a series of privatizations and surprisingly successful in an otherwise sluggish stock market. The government offered 2.183 million shares at the equivalent of $3.
BUSINESS
January 27, 1988 | From Times Wire Services
French cognac house Martell et Cie reversed itself Tuesday and said it now favors a takeover bid by British hotel and drinks concern Grand Metropolitan PLC instead of one by Seagram Co. of Canada. The decision could end a monthlong battle between Grand Met and Seagram for control of one of France's leading cognac makers. But the Martell statement did not rule out the possibility that the French company could consider a higher offer from Seagram if one is made.
BUSINESS
January 27, 1988 | From Times Wire Services
French cognac house Martell et Cie reversed itself Tuesday and said it now favors a takeover bid by British hotel and drinks concern Grand Metropolitan PLC instead of one by Seagram Co. of Canada. The decision could end a monthlong battle between Grand Met and Seagram for control of one of France's leading cognac makers. But the Martell statement did not rule out the possibility that the French company could consider a higher offer from Seagram if one is made.
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