February 16, 2000 |
BCE Inc. said it will offer to buy the remaining 77% of Teleglobe Inc., owner of the world's third-largest international telecommunications network, in a share-swap deal it valued at $6.65 billion. Montreal-based BCE said its president and chief executive, Jean Monty, would become Teleglobe chairman immediately, replacing Chairman and Chief Executive Charles Sirois, who would remain as an advisor. Paolo Guidi, president and chief executive of Teleglobe Communications Corp.
April 11, 1994
Privately owned Laparomed Corp. said it has agreed to be acquired by Advanced Surgical Inc. of New Jersey in an all-stock deal that will give Laparomed shareholders a 26.5% stake in the combined companies. Terms were not disclosed, but the deal appears to be worth $10 million to $11 million based on Friday's $3.75 per share closing price for Advanced Surgical stock in the Nasdaq Small-Cap market. Both companies make and market instruments for so-called less-invasive, or laparoscopic, surgery.
April 15, 2000 |
Ford Motor Co. said Friday that it will launch a massive stock-swap plan and pay shareholders up to $10 billion in cash to bolster its stock price and to share profit from a booming automotive market with investors who have not been rewarded on Wall Street. The move, on a day the stock market plummeted, weakened the standing of the world's No.
April 1, 1994
Cybernetics Products Inc. said Thursday it has agreed to a stock swap to acquire a controlling interest in Vision Ten Inc., a maker of X-ray equipment. Cybernetics said a big shareholder agreed to exchange a 51% stake in Torrance-based Vision Ten for 160,000 Cybernetics shares. At Thursday's closing price of $1.187 a share, the deal has a value of $190,000 for Cybernetics.
March 29, 1994
Ivax Corp., a Miami company that makes chemical and generic drugs, has completed its acquisition of McGaw Inc. in a stock swap valued at about $440 million, the companies said Monday. McGaw shareholders will receive $16 worth of Ivax stock for each McGaw share. About half a share of Ivax common stock will be exchanged for each of McGaw's 27.4 million shares. Shares of McGaw, an Irvine-based intravenous-solution maker, stopped trading Friday. Ivax stock closed Monday at $27.375, down $1.
June 8, 1994
AmeriQuest Technologies Inc., a distributor of computer hardware, has traded 1.1 million newly issued common shares for 3.3 million shares, or 51%, of Kenfil Inc. common stock held by its principal shareholders. The stock swap, first announced in April, is part of AmeriQuest's proposed acquisition of Kenfil, a Van Nuys-based software distributor. Subject to the approvals of both companies' shareholders, the remaining Kenfil shares would be exchanged in a merger at the same conversion ratio of 0.