Riding radio merger wave, Chancellor will buy Capstar

Article Abstract:

Capstar Broadcasting Company will be acquired by the Chancellor Media Corporation for $2.3 billion stock and almost $1.8 billion in assumed debt. Industry analysts have said that diverse local ownership is disappearing in the radio business with increased consolidation. Chancellor Media, following regulatory approval, will have 463 radio stations with over 65 million listeners. The leveraged buyout firm of Micks, Muse, Tate and Furst, which is a major shareholder in both companies, was the principal agent behind the merger deal.

Comment:

Will acquire Capstar Broadcasting Co. for $2.3 billion stock and almost $1.8 billion in assumed debt

Radio Broadcasting, Licensing/Sales Agreements, Radio broadcasting industry, Chancellor Media Corp., Article, Capstar Broadcasting Corp.

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Cargill set to buy main unit of Continental Grain, its chief rival

Article Abstract:

When Cargill Inc. and Continental Grain Co. announced their consolidation, farmers started calculating what it would cost each of them in dollars lost because of the reduction in number of competitors, for one thing. This on top of falling prices because of world economic conditions, doesn't cheer up U.S. farmers. Naturally, the two grain companies predict that the economies of consolidation will lower prices for everyone concerned, farmers and consumers alike, citing the efficiencies as more beneficial that not.

Chemicals & Allied Products, Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Farm Products Whsle, Farm Product Raw Material Wholesalers, Farm-Product Raw Materials, Mergers, acquisitions and divestments, Prices and rates, International trade, Chemicals, Abstract, Grain industry, Grains, Agricultural products wholesalers, Farmers, Grain, Cargill Inc., Continental Grain Co.

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