Schlumberger to buy Camco International
Article Abstract:
Schlumberger Ltd., the world's largest oil-services company, has agreed to acquire Camco International Inc. for $2.97 billion in stock, and in doing so, fill a gap in their oil services businesses. The move has been considered a good one, but some critics feel the price was too high, considering Camco's recent fall from its 52-week high of $82.50 a share. The move was inspired by a previous merger by Halliburton Co. and Dresser Industries Inc. which created a larger oil service company than Schlumberger.
Comment:
French company to buy US company, Camco, for $2.97 billion
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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AlliedSignal's AMP bid gains support
Article Abstract:
AlliedSignal Inc. announced that majority stockholders of AMP Inc. have given their approval to a takeover attempt by AlliedSignal. The stockholders, who hold 72% of AMP stock, approved of a $44.50 per share hostile takeover offer. AlliedSignal also said it would acquire up to 18% of AMP stock from present shareholders. This would increase its share to just under the 20% level which would lead to AMP's poison-pill takeover defense.
Comment:
AlliedSignal Inc. says majority stockholders of AMP Inc. approve of takeover attempt by AlliedSignal
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Armstrong World plans to acquire Triangle Pacific
Article Abstract:
Armstrong World Industries Inc. has reached an agreement to purchase Triangle Pacific Corp. for approximately $890 million. Under the deal, Armstrong will assume $260 million in debt. The acquisition could make Armstrong a major presence in the hard-surface flooring business. The company had just announced its plans to acquire DLW AG, an additional floor maker.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Comment about this article or add new information about this topic:
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