American Express plans to purchase unit of Vivendi
Article Abstract:
American Express Co. will buy French travel group Havas Voyages SA from parent Vivendi SA, a communications and municipal-services group formerly known as Cie Generales des Eaux. Analysts said the purchase price is valued between one billion francs and 1.3 billion francs ($166 million and $216 million). Included in the acquisition are Havas' majority shares in Via Voyages, the joint venture formed by Havas Voyages and American Express in 1996, and all of Havas Voyages' corporate, retail and employee-incentive travel divisions.
Comment:
Will sell French travel group Havas Voyages to American Express Co
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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United News is buying U.S. Firm for $920 million
Article Abstract:
United News and Media PLC has announced it will buy CMP Media Inc for $920 million. The acquisition is designed to strengthen United News's position in business-to-business print and electronic publishing in the US. United News will combine its Miller Freeman unit with CMP, for which it is paying $39/share. A tracking stock for the combined CMP/Miller Freeman is planned for the end of 1999. The acquisition will raise the US share of United News profits to 45%, up from 39%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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