Rhodes to profit
Article Abstract:
Filtronic Comtek will buy Filtronic Cable and Filtronic Holdings in a move defended by David Rhodes, Filtronic Comtek's executive chairman. Rhodes owns 70% of Filtronic Cable and 75% of Filtronic Holdings. There is some concern over the trading position of these acquisitions. Filtronic Comtek will take on 5 million pounds sterling worth of debt as well as the purchase consideration of 11.5 million pounds. Ernst and Young independently valued the two companies, which could have been sold to a US company.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Size doesn't matter
Article Abstract:
AT and T has carried out a major public share offering with its spin-off involving Lucent Technologies. The shares were heavily oversubscribed and have risen in price. Some 15% of Lucent has been offered in New York. Analysts had thought that Lucent's debt burden and size could deter investors. The group has some $3.8 billion of borrowings, and this will be reduced from the proceeds of the flotation. Financiers on Wall Street have benefited from fees earned due to this share issue.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Bell Atlantic: court bells
Article Abstract:
Bell Atlantic is undertaking legal action against AT and T, with DSC which produces telecoms equipment. The two companies claim that AT and T designs products with the aim of preventing products from other companies being linked to it. The companies want damages and for their increased operating costs to be compensated. AT and T aims to compete directly with Baby Bells in the local telecoms services market, following liberalization of the industry in the US.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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