No merger in motion for Bankers Trust
Article Abstract:
Bankers Trust (BT), the seventh-largest bank holding company in the US, has announced that it is not for sale despite a $488-million loss in the third quarter of 1998. BT CEO Frank Newman told directors that a sale at the time would place the company in a difficult bargaining position. He also reported that he declined Germany's Deutsche Bank's proposed talks for a possible merger. Newman said the company will focus on more stable business such as global securities processing and fund management to counter the company's losses from the emerging markets and high-yield bonds.
Comment:
Announces that it is not for sale despite a $488-million loss in the third quarter of 1998
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Net start-ups get cash but crave guidance
Article Abstract:
An increasing number of venture capital companies are indiscriminately investing considerable amounts of money in Internet startup firms but are neglecting to mentor these firms. Industry veterans believe that the influx of newcomers into the venture capital business, such as consultancies and hedge funds, is madness given their inexperience. These industry experts say that the newcomers are essentially throwing their money everywhere to ensure that they are the first in, yet forget that only one of every 10 Internet ventures succeeds.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
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Nabisco could pick buyer today
Article Abstract:
The winner of the bids for Nabisco Holdings will be known on June 23, 2000 in a board meeting that will evaluate the competing bids for Nabisco, makers of Oreos, Ritz crackers and LifeSavers. The top bidders include Philip Morris which reportedly offered less than $55 per share and Danone of France and Cadbury Schweppes of the UK which jointly offered $50. Financier Carl Icahn was the leading contender to buy Nabisco Group, 80.6% owner of Nabisco Holdings.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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