Newall to buy Rubbermaid for $5.8 billion

Article Abstract:

After a relative calm in financial markets and a few week lull in mergers, Newell Co. announced its plans to buy Rubbermaid Inc. for about $5.8 billion in stock. Freeport, Ill-based Newell has acquired 75 companies in 30 years, Rubbermaid being the largest. The new name for the merged companies will be Newell Rubbermaid. John J. McDonough, vice chairman and chief executive of Newell, will remain in that position. Newell chairman, Wm. P. Sovey will also remain in that position.

Organizational history, All Other Rubber Product Manufacturing, Fabricated Rubber Products NEC, Abstract, Newell Rubbermaid Inc., NWL, Rubber products, Rubbermaid Inc., Newell Co., RBD

---

CBS's sale of last Westinghouse assets focuses on a Morrison Knudson Group

Article Abstract:

CBS Corp. will sell the last of its Westinghouse industrial business for an estimated $1 billion to $1.5 billion. Negotiations have been narrowed to a single potential buyer, which is a consortium that includes the Boise, Idaho based engineering company Morrison Knudson Corp. and British Nuclear Fuels Ltd. CBS's sale of the large nuclear power business and a smaller government operations unit will make it a purly media and broadcasting oriented business.

Comment:

May buy CBS Corp.'s industrial business

United Kingdom, Nonbuilding Construction, Highway, Street, Bridge, and Tunnel Construction, Foreign operations, Company Planning/Goals, Nuclear Energy Products, Nuclear Electric Power, All Other Basic Inorganic Chemical Manufacturing, Nuclear Electric Power Generation, Construction industry, Heavy construction, Nuclear energy, British Nuclear Fuels PLC, CBS Corp., Morrison Knudsen Corp., Article

---

Firestone milestone brings on dilemma

Article Abstract:

Bridgestone Corp.'s Bridgestone/Firestone Corp. is half way through an ad campaign touting Firestone's 100 year history of U.S. tire manufacture. But then the company had to recall a line of radial tires sold to SUV drivers. Firestone decided to let the anniversary campaign proceed, while continuing to provide consumers with updates on the recall.

Advertising, Campaign Themes, Tires and inner tubes, Tires, Tire Manufacturing (except Retreading), Statistical Data Included, Management, Tire industry, Bridgestone/Firestone North American Tire L.L.C., Product recalls

Similar abstracts:

• Abstracts: IBM gets warm reception for $1.8 billion issue, but loss of top rating forces higher yields. Red-faced analysts stuck with Big Blue
• Abstracts: IBM to unveil 3 new models for its PC line. IBM, Japan's Hitachi agree to develop high-end printers in a tentative pact
• Abstracts: A quick guide to the first programs sold for Windows 95. Programs open up two new windows on personal finance
• Abstracts: Compaq posts first net loss on big charge; deficit of $70 million linked to costs of trimming payroll, restructuring
• Abstracts: Dell Computer expects a loss in 2nd quarter. Dell Computer's net soared in quarter despite a round of steep price cuts

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.