Bjorn again and with Euro vision
Article Abstract:
The Swedish and Finnish economies are similar and linked, yet Finland is forging ahead of Sweden in terms of growth and in its vision concerning its place in Europe. Finland had to recover from links with the Soviet Union following its collapse, but the situation boosted its commitment to deregulation, whilst Sweden's privatisation policy is proceeding more slowly. Finland is committed to adopting the Euro whilst Sweden decided not to take this step. Scandinavian cross-border acquisition and merger is a feature of these economies together with interest in Eastern European companies.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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Will to power
Article Abstract:
Texas Utilities (TU) won control of the UK Energy Group (TEG) in early 1998, after a bid by PacifiCorp was withdrawn on the advise of financial adviser Goldman Sachs. Lazard Brothers and Morgan Stanley Dean Witter earned almost 23 million pounds sterling in fees, based on a shareholder value of 2 billion pounds sterling for TEG. PacificCorp's initial bid of 696 pence per share was referred to the Monopolies and Mergers commission by the president of the Board of Trade Margaret Beckett, introducing a political element to the takeover process.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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Desperately seeking value
Article Abstract:
Merger and acquisition deals worth $219 billion have been announced in Italy since Jan 1999, and Italy has become the most active acquisition and merger market after the US. Olivett's $65 billion bid for Telecom Italia, completed in May 1999, was the largest hostile takeover ever in Europe. This bid highlighted the limits of corporate governance in Italy, but also gives a strong sign that the introduction of takeover legislation in Jul 1998 will lead to a rise in the number of hostile bids and unsolicited approaches.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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