BNP bids for two French rivals

Article Abstract:

Banque Nationale de Paris, in the hope of preventing the merger of two competitors, is attempting to acquire both. The two candidates, Societe Generale and PAriibas S.A., were in the process of merging when the proposed purchase was announced. If completed, the combining of the three institutions would create one of the largest banking groups in the world, worth approximately $56.44 billion.

Comment:

Banque Nationale de Paris moves to acquire two competitors.

Commercial Banks, Commercial Banking, Banking industry, Management, Societe Generale S.A., Banque Nationale de Paris (Paris, France), Paribas S.A.

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Olivetti is seeking fifth life in bid for Telecom Italia

Article Abstract:

Olivetti SpA's $58 billion acquisition offer for Telecom Italia SpA is a reflection of Olivetti's reinvention. Over a period of two decades, Olivetti has transformed itself from a struggling manufacturer of typewriters into a high-profile computer firm. The bid for Telecom Italia is an attempt by Olivetti to change itself into a telecommunications giant from a local telephone carrier.

Comment:

Olivetti's $58 billion acquisition offer for Telecom Italia reflects Olivetti's reinvention

Italy, Asset sales & divestitures, Acquisitions & mergers, Wired Telecommunications Carriers, Computer and Office Equipment, Office & Computing Machines, Telephone Communications, Telephone communications, exc. radio, Office equipment, Telephone services, Telecom Italia S.p.A., Olivetti S.p.A.

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Lazard introduces strategy to streamline its structure

Article Abstract:

Lazard has revealed its strategy for streamlining its corporate structure. The company could terminate its links to two corporate giants in Italy and will announce that William Loomis is the leading candidate to become the new chairman.

Executive changes & profiles, Investment Offices, Investment Companies, Open-End Investment Funds, Planning, Appointments, resignations and dismissals, lazard, Loomis, William

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