NCR and A.T.&T.: would the combination work? Skepticism over the merger abounds, but some see its logic

Article Abstract:

NCR Corp receives a $6 billion hostile takeover bid from American Telephone and Telegraph. NCR is known for mid-sized computers, for computerized cash registers and automatic teller machines (ATMs). One quarter of NCR's sales are to retailers, and 37 percent are to banks or financial services companies. AT&T, which entered the computer business as part of its antitrust settlement in 1984, makes microcomputers, minicomputers for use in phone company switches, and gear for linking computers into networks. Some critics see a merger as unnecessary. Others find it logical that a company involved in the transport of data to retailers of financial services companies should expand into the processing of that data. A major obstacle to the merger could be the opposition of NCR's senior management, some of whom threaten to resign.

Electronic computers, Computer industry, T, NCR Corp., NCR, American Telephone and Telegraph Co., Takeovers

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Rochester Telephone in deal with Centel

Article Abstract:

Rochester Telephone Corp agrees to buy local phone operations in Minnesota and Iowa for $100 million in cash, 2.8 million shares of Rochester Telephone stock, and the Rochester company's minority investments in cellular franchises in 20 cities and towns, from Centel Corp. The stock is currently valued at about $82.2 million, and the minority stakes are estimated to be worth about $67 million, so that the entire deal has a value of about $250 million. The deal is expected to close by the middle of 1991.

Telecommunications industry, column, Acquisition, Rochester Telephone Corp., RTC, Centel Corp., CNT

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