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, 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.
November 28, 2007 |
The memoirs of Sen. Edward M. Kennedy, the youngest and last surviving brother of the country's most famous political siblings and for decades an eminent liberal statesman and legislator, have been acquired by an imprint of the Hachette Book Group USA. Financial terms were not disclosed, but a publishing official with knowledge of the negotiations said the agreement was comparable to the $8 million that Sen.
July 26, 1991 |
The company that publishes Car and Driver and Road & Track said Thursday that both magazines will now have one publisher but denied the move is a step toward combining the publications, as it recently did the nation's two largest motorcycling magazines. Hachette Magazines Inc., the U.S. unit of a giant French media concern, said Car and Driver publisher Donald M. Hufford will also hold that position at Road & Track.