March 24, 1988 |
Grolier Inc., an encyclopedia and reference book company, Wednesday rejected a $415-million takeover bid by the French publisher Hachette SA as inadequate. Earlier this month, Hachette offered to buy Danbury, Conn.-based Grolier for $21 a share with hopes of becoming the world's third-largest publisher. On the New York Stock Exchange, Grolier stock closed Tuesday at $26.50 a share, up 12.5 cents. Analyst Peter Appert of Cyrus J. Lawrence Morgan Grenfell Inc.
April 11, 2012 |
The Justice Department and attorney generals from 16 states sued Apple Inc. and five major book publishers, alleging they colluded to raise the price of electronic books. The government said the conspiracy cost consumers more than $100 million over two years and added $2 to $5 to the price of new releases and bestsellers. Here are answers to some questions related to the case: Who are the publishers? Three of the publishers -- Hachette, HarperCollins and Simon & Schuster - have settled with the federal government.
April 11, 1988 |
French media giant Hachette SA reached an agreement to acquire Grolier Inc. for $448.6 million after sweetening its buyout offer for a second time. The companies announced a definitive merger agreement on Sunday and Grolier's board scheduled a meeting today to vote on the all-cash buyout proposal, which Hachette raised from its earlier $444-million cash buyout offer. Under the agreement, a subsidiary of Hachette, France's biggest publisher and the second-largest in Europe, would pay $24.
August 13, 1997 |
A French media company sued Miramax Films Corp. on Tuesday for $8 million it claims the U.S. company failed to pay as an advance for the rights to an award-winning movie it produced. Hachette Premiere & Cie, in papers filed in U.S. District Court in Los Angeles, is also seeking to have Miramax barred from distributing the film, "She's So Lovely," in the United States. A spokesman for Miramax was not immediately available for comment.