Vendex raises KBB bid; merger likely to succeed
Article Abstract:
NV Koninklijke Beijnkorf Beheer, a retail company, will be acquired by Vendex NV, a rival firm headquartered in the Netherlands, for 167.50 guilders per share of company stock. The purchase offer is a marked departure from Vendex original bid amounting to 145.00 guilders for each share of NV Koninklijke stock in February 1998. Vendex maintained that the increase in the purchase price comes after a successful restructuring effort by the target company. The reformation of the purchase price comes after NV Koninklijke received an undisclosed acquisition offer from WE International NV.
Comment:
Is set to acquire NV Koninklijke Beijnkorf Beheer, a rival co, for 167.50 guilders per share of company stock
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Italy approves opening electricity to competition
Article Abstract:
The electric utility deregulation is evolving in Italy as the government approved the partial open competition in 30% of the country's electricity market by 1999. By 2002, an additional 10% of the market will be open to competition and as mandated by the European Union, no Italian operator should own over 50% of installed capacity by 2003. With the mandate, ENEL SpA, the dominant player in the Italian electricity market, will shed around 27% of its existing capacity and it will be required to differentiate its units in electricity production, transmission, distribution and sales.
Comment:
Italy: Electric utility deregulation is evolving as government approves partial open competition in 30% of country
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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