Warner Lambert deal falls through
Article Abstract:
Warner-Lambert Co is under strong pressure from its major shareholders to succumb to a hostile takeover bid by Pfizer Ltd, after Procter and Gamble Co decided to back out from its plan to purchase the company. Procter and Gamble said that the disintegration of the negotiations with Warner- Lambert is attributed to leaks and speculation that led to a huge decline in its stock.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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$140 billion drug bid in works at P&G
Article Abstract:
Procter and Gamble Co of Cincinnati, OH, is prepared to spend over $140 billion for the acquisition of drug manufacturers Warner-Lambert Co and American Home Products Corp, both based in New Jersey. Both Warner-Lambert and American Home Products, which have agreed to merge, are facing a hostile takeover New York-based Pfizer. Procter and Gamble, which is determined to effect the acquisition, has nevertheless signified that it wants to avoid a bidding war with Pfizer.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Group close to deal for hotel-chain stake
Article Abstract:
Hicks Muse, one of the world's largest buyout companies, will soon announce a deal to acquire a big stake in Starwood Hotels & Resorts Worldwide, the world's biggest hotel company. Sources say Hicks Muse will lead a consortium that will invest in White Plains, NY-based Starwood. Starwood has recently been reeling from a top management exodus and an underperforming stock.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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