Metromail's data are spoils of takeover war
Article Abstract:
Great Universal and American Business Information increased their competition to acquire personal-data provider Metromail. UK-based Great Univeral upped its offer to $34.50 a share, or about $845 million, on Mar 27, 1998. American Business Information then countered with a stock-and-cash proposal worth $37.48 a share, or $918.1 million. Both suitors view the acquisition of Metromail as an crucial step in becoming a one-stop data providers. Metromail, which claims its National Consumer Data Base contains information on 103 million people from 95% of US households, has doubled its revenue since 1993 to $328 million. Great Universal, with 1997 sales of $4.82 billion, seeks to strengthen its US presence. American Business Information, which reported 1997 sales of $193 million, offers a database that holds detailed information on 10 million US firms and one million Canadian businesses.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Telerate Inc. results to fall to break-even in the fourth quarter
Article Abstract:
Telerate Inc reports its results will each the break-even level in 4th qtr 1989, and 1989 total earnings will drop 31 percent. The main reason for the fall is costs incurred from Telerate's buyout of Global Transactions Services Co. The buyout will cause Telerate to take a pretax charge of $23 million against 4th qtr earnings. An additional $7 million pretax charge comes from Telerate's response to Dow Jones and Co's tender offer. The decreased earnings are expected to cause Telerate's worst showing since 1986 earnings of 49 cents a share.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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