AlliedSignal intensifies its effort to acquire AMP
Article Abstract:
AlliedSignal Inc., an aircraft engine maker in Morris Township, NJ, appears to be garnering shareholder support for its $44.50-per-share hostile takeover bid for AMP Inc., a Harrisburg, PA-based maker of electric connectors. AlliedSignal said its offer has already been accepted by holders of 72% of AMP's shares. In addition, AlliedSignal said it will immediately acquire 18% of AMP's shares in an offer that was modified so as not to trigger AMP's poison-pill defense. To get around the poison pill, AlliedSignal said it will ask shareholders to take back the power to authorize a pill from the board of directors.
Comment:
Appears to be garnering shareholder support for its $44.50-per-share hostile takeover bid for AMP
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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AlliedSignal offers to acquired AMP
Article Abstract:
AlliedSignal Inc. of Morris Township, NJ, has offered to buy out AMP Inc. of Harrisburg, PA, an electronic components manufacturer, for $9.8 billion, or $44.50 a share. AlliedSignal reported that it had filed a lawsuit in a Pennsylvania Federal District Court to ensure that the shareholders of AMP would receive, consider and act upon the offer after it was previously rejected by AMP officials. AlliedSignal posted revenue of $3.87 billion in the second quarter of 1998. AMP reported revenue of $1.35 million for the same period.
Comment:
Offers to buy out AMP Inc of Harrisburg, PA, an electronic components manufacturer, for $9.8 bil, or $44.50 a share
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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AlliedSignal agrees to buy Honeywell
Article Abstract:
Minneapolis, Minn.-based Honeywell Inc. will be acquired by Morristown, New Jersey-based AlliedSignal Inc. for $13.8 billion in stock. The new company, which will be headquartered in Morristown, New Jersey and be called Honeywell, will be one of the largest U.S. conglomerates. The company, which will create an aerospace parts giant, will be led by Honeywell's Michael R. Bonsignore. Industry analysts believe the deal will come under close scrutiny by U.S. antitrust regulators.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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