Metromail Corp. agrees to be acquired by Great Universal for $740 million
Article Abstract:
Metromail agreed to be acquired by home-shopping and data-services company Great Universal Stores PLC for about $740 million, or $31.50 a share. Lombard, IL-based Metromail is a direct-marketing and database company that collects consumer information through various sources such as new-car registrations, birth notices and title transfers. The demographically targeted lists then are sold to telemarketers and other commercial customers. Many observers consider Metromail's proprietary database, one of the largest compilations of consumer information, to be a valuable asset. Metromail said in Feb 1998 that it had received unsolicited buyout offers since putting itself on the market that same month. Great Universal says the deal continues Chmn Lord Wolfson's ambitious plans to expand its information-services presence.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Dow Jones seeks to buy rest of Telerate for $18 a share, or total of $576 million
Article Abstract:
Dow Jones and Co proposes acquiring the 33 percent of Telerate Inc it does not already own for about $576 million. Telerate's board names two independent directors to consider the proposal. Dow Jones claims an integration of the two companies' electronic business information services and transaction services will lead to more efficient operations. The acquisition offer comes when Telerate's earnings are low due to the high start-up costs of its joint Trading Services operation developed with AT and T. In related news, a group of Telerate shareholders file suit against Dow Jones claiming the bid is inadequate.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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Telerate and Dow Jones discuss dispute on share price but offer is unchanged
Article Abstract:
Telerate Inc opens talks with Dow Jones and Co concerning Dow's $18-a-share tender offer, which Telerate has rejected as being too low. The talks have not resulted in Dow changing its $576 million offer. Negotiations began when Telerate submitted an advertisement critical of Dow's offer to the Wall Street Journal. After a series of phone calls between lawyers, Telerate decided not to run the ad. Takeover stock traders predict Dow will offer $21 a share. Some traders feel the stock would fetch as high as $30 a share at an auction. Dow is not expected to offer that much.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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