Scottish Media offers $52.1 million for VCI
Article Abstract:
Scottish Media Group PLC of Scotland has made an offer valued at $52.1 million to purchase VCI PLC, or 80 pence a share of the independent video publishing firm. The newspaper and television group secured 18.1% of the shares of its target for 80 pence each, with VCI agreeing to the offer. Scottish project earnings in 1998 will be bolstered by the purchase, as well as boost efforts to grow outside Scotland and expand its entertainment and information offerings. Scottish announced the bid as the company reported that its pretax profit grew to 27 million pounds sterling for the period ended June 30, 1998.
Comment:
Makes an offer valued at $52.1 million to purchase VCI PLC, or 80 pence a share of the independent video publishing firm
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Mannesmann chief offers to talk to Vodafone head
Article Abstract:
Klaus Esser, Mannesmann AG's CEO, rejected a takeover offer by Vodafone AirTouch PLC for the second time. Although he did agree to meet with Vodafone chief Chris Gent, and said that an equal partnership merger is preferable to a hostile takeover bid, Esser predicted that they wouldn't have much to discuss, and claimed to have shareholders' support in his decision to decline the Vodafone deal.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Siemens reviews number of offers for its auto unit
Article Abstract:
Siemens VDO Automotive is on the block by parent company Siemens AG of Germany. The automotive electronics manufacturer is valued at 7 billion Euros to 9 billion Euros ($9.19 billion to $11.81 billion).
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Robust optimization for performance tuning of modern database systems
- Abstracts: Graz is on front line of DaimlerChrysler merger. Genco is poised to add to fleet of freighter ships. Home of the Range: on the Mississippi Delta, three factories churn out iconic Viking line
- Abstracts: Suez Lyonnaise des Eaux agrees to buy out its Argentine partner. Tabcorp checks the odds in Macau
- Abstracts: Gene discoveries lift Chiroscience stock. Flexicom develops its plan to trade on stock markets. Nymex's owners may reap billions in a stock sale
- Abstracts: Required human resources competencies in the future: a framework for developing HR executives in Hong Kong