'UK first' deal that could set Europe at war

Article Abstract:

France and Germany have both reacted very negatively to the 7 billion pounds sterling takeover of GEC's Marconi defence electronics division by British Aerospace. Thomson CSF sought to convince GEC until the very last minute that it would be a more appropriate partner for Marconi than British Aerospace, but was unsuccessful in its efforts. There has been a particularly negative reaction in Germany, as it had seemed certain until recently that British Aerospace would merge with Daimler-Chrysler Aerospace, rather than with Marconi.

Comment:

Has been stung by criticisms of its merger with British Aerospace PLC

Other Electrical Equipment and Component Manufacturing, Electronic Components and Accessories, Military Electronics, BAE Systems (Farnborough, United Kingdom), Military electronics industry, GEC-Marconi Electronic Systems Corp.

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ScottishPower turns tables with US buy

Article Abstract:

It is likely that a number of other UK electricity companies will follow the example of ScottishPower, which has made an all-paper 4.4 billion pounds sterling takeover of PacifiCorp. This follows a period during which a considerable number of UK electricity companies were taken over by US electricity companies. Mixed views have been expressed about how ScottishPower will fare in the US, where there is a very different regulatory regime.

Comment:

Has announced all-paper 4.4 bil pounds sterling acquisition by Scottish Power PLC

Asset sales & divestitures, Electric Power Generation, Transmission and Distribution, Electric services, Electric Utilities, Municipal & Regional, Electric utilities, Scottish Power PLC, PacifiCorp, PPW, Municipal electric utilities

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GE poised to scrap $42bn takeover of Honeywell

Article Abstract:

Strong objections from European Union competition authorities look set to put an end to the planned $42 billion merger between Honeywell and General Electric. This deal has already been approved in the US, and observers are now highlighting the differences in approach towards large industrial mergers adopted by the US and European Union competition authorities.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Electrical equipment and supplies industry, Electric equipment industry, Laws, regulations and rules, Political activity, Brief Article, Acquisitions and mergers, European Union, General Electric Co., GE, Honeywell Inc., HON

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