February 15, 2001 |
Casual attire may rule in the office, but as men find themselves needing a tux more than once a decade, a rise in rentals is fueling a national consolidation in the men's formal-wear industry. Gary's Tux Shops of Van Nuys on Wednesday agreed to merge with Chicago-based Gingiss Formalwear in a stock transaction to create the first nationwide chain of tuxedo rental stores. Additional terms of the deal were not disclosed.
November 4, 1994 |
Takeovers Headed for Second-Biggest Year: U.S. corporate takeovers are headed for their second-highest annual level, based on the strength of mergers in telecommunications, media and medicine. The value of announced mergers and acquisitions in the first 10 months of 1994 totaled $284.4 billion, according to Securities Data Co., which tracks financial markets. The year's totals will probably surpass the $292.9 billion mark set in 1989, Securities Data said. A record of $335.
January 3, 2009 |
What a difference a year makes. With the virtual collapse of credit markets and the drying up of money from private equity firms, 2008 turned out to be a very slow year for mergers and acquisitions. Globally, there were 37,445 deals, totaling $3.3 trillion, down 29% from record volume in 2007, according to Dealogic, a data research firm in New York. In the United States the value of deals dropped 29% to $1.1 trillion.
CALIFORNIA | LOCAL
November 1, 1995
Re mergers: Why aren't environmental impact studies conducted prior to the merger of giant corporations? Why are we outraged by the destruction of a rodent's habitat, yet do nothing when thousands of people lose their jobs so corporate executives can line their pockets in the name of efficiency? MARGARET MOOD Santa Ana
February 25, 2009 |
Senators and independent concert promoters took turns at a hearing Tuesday slamming a proposed merger of two of the biggest forces in the music industry -- Ticketmaster Entertainment Inc. and Live Nation Worldwide Inc. "It seems to be monopolistic, plain and simple," Sen. Charles E. Schumer (D-N.Y.) said. "This is not the American dream, as the companies' witnesses might have you believe."
November 28, 1998
* France's Rhone-Poulenc and Germany's Hoechst are expected to announce a merger of their drug and agricultural-chemical businesses as early as Monday, sources told Reuters. The merger would create the world's largest "life sciences" group, with a combined stock market value of about $46.78 billion. American depositary receipts of Hoechst rose 25 cents to close at $44.63 and Rhone-Poulenc's rose $1.06 to close at $51.19 on the NYSE.