Defense contractors' deal stumbles

Article Abstract:

Lockheed Martin's planned $10.7-billion acquisition of Northrop Grumman stumbled on Jul. 15, 1998, according to Kenneth Bacon, a spokesman for the Pentagon. For weeks, the Pentagon, Northrop and Lockheed held discussions concerning on means to settle disputes that the Northrop-Lockheed agreement would increase prices and stifle competition. A government suit, which was first filed in March 1998, alleged that the planned merger of Lockheed and Northrop, which are contractors of the Pentagon, would cut competition in nine key areas that include missile-warning systems and electronics.

Comment:

Lockheed Martin's planned $10.7-bil acquisition of this co stumbles on 7/15/98, says Kenneth Bacon, a spokesman for the Pentagon

Guided Missile and Space Vehicle Manufacturing, Aircraft, Aircraft Manufacturing, Missiles & Spacecraft, Missiles, Lockheed Martin Corp., Northrop Grumman Corp., Spacecraft, Article

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Final OK expected this week for AOL merger

Article Abstract:

The FCC has approved America Online's (AOL) $86 billion acquisition of Time Warner subject to several conditions. The deal combines AOL's Internet service with Time Warner's cable TV, movie, music and publishing empire. One of the conditions is for AOL to make available to rival instant messaging services Time Warner's cable TV network. The FCC may also require Time Warner to carry one local and one regional Internet service provider on its high-speed lines in each of its market.

Cable Television Systems, Cable Networks, Internet service providers, Time Warner Inc., Cable television broadcasting industry, Cable television

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France Telecom to buy cellphone firm

Article Abstract:

France Telecom is holding talks with Vodafone AirTouch for the acquisition of Orange Personal Communications Services in a $45.9-billion cash, stock and debt transaction. Vodafone is selling Orange after acquiring it as part of the monumental $180 billion purchase of Germany's Mannesmann. EU rules prevent Vodafone, the world's biggest cellular telephone company, from owning two mobile phone licenses in the UK.

United Kingdom, Foreign operations, France, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Cellular telephone services, France Telecom S.A., Orange Personal Communications Services Ltd., Vodafone AirTouch

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