Philips may push proxy fight on VLSI

Article Abstract:

Philips Electronics NV (Eindhoven, Netherlands) is considering a proxy fight for VLSI Technology Inc. (San Jose, CA) in a hostile takeover bid. Philips is also considering a tender offer. The VLSI board will meet to discuss the matter. The two companies have held uneventful discussions in the past, which evidently frustrated Philips. Philips has hired bankers, lawyers, a public-relations company that specializes in hostile bids, and Innisfree M&A, a proxy solicitor to assist in the matter. An additional means by which Philips could take over the company is a consent solicitation, whereby any shareholder could initiate a removal of the current board.

United States, Semiconductors and related devices, Semiconductor and Related Device Manufacturing, Strategy & planning, Integrated & Hybrid Circuits, Semiconductor industry, VLSI Technology Inc., VLSIG

---

Cap Gemini SA sets tender offer for rest of unit

Article Abstract:

Cap Gemini SA announced that it was making a 1.2 billion euro tender offer for the remaining stock of Cap Gemini NV. Cap Gemini NV is the Dutch-based subsidiary of Cap Gemini SA, a computer services firm based in France. The deal is part of Cap Gemini SA's attempt to expand its corporate structure and services internationally. The deal will also increase Cap Gemini SA's control of its most lucrative subsidiary.

Comment:

Cap Gemini SA to make 1.2 billion euro tender offer for remaining stock of Cap Gemini NV

Asset sales & divestitures, Computer Services, Information technology services, Abstract, Capgemini S.A., Capgemini Nederland B.V.

---

Philips Electronics casts off its unprofitable origin unit

Article Abstract:

Philips Electronics NV will merge its Origin information-technology services unit with France's Atos SA in a Euro2.6 billion deal. The new company will be called Atos Origin.

Contract Software & Services, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Computer integrated systems design, Brief Article, Software support services, Origin B.V., Atos Origin S.A., Atos S.A., PHG

Similar abstracts:

• Abstracts: Logica profit surges, but stock can't keep up. Cap Gemini cuts growth forecast for '99 revenue. Cap Gemini posts revenue in line with projections
• Abstracts: Fruit juices and soft drinks in Germany, part 1. Fruit juice. Fruit juice and juice drinks in the UK
• Abstracts: Perfumes & fragrances in Spain. Sector forecasts: toiletries by subsector - value. Sector size: toiletries by subsector - value
• Abstracts: Vivendi gets accord for new tax regime. EA and Ubisoft hold initial talks. French left urges wage, benefit rise for lower earners

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.