U.S. SURGICAL EXTENDS HOSTILE TAKEOVER BID
Date: 31 August 1996
US Surgical Corp says it extended its hostile takeover offer of $18 a share, or $235 million, for Circon Corp until Sept 30 (S)Ø
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30 august 1996 era un vineri sub semnul stelut al lui ♍. Era ziua 242 din an. Președintele Statelor Unite a fost William J. (Bill) Clinton.
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30th of August 1996 News
Știri așa cum au apărut pe prima pagină a New York Times la 30 august 1996
SIERRA SEMICONDUCTOR EXPECTS TO CUT 150 EMPLOYEES
Date: 31 August 1996
Sierra Semiconductor Corp says that it expects to dismiss 150 employees, or 30% of its work force, in next few months as it stops selling chips for computer modems (S)ï
SUMMIT BANCORP TO BUY B.M.J. FINANCIAL
Date: 30 August 1996
Summit Bancorporation will buy BMJ Financial Corp for $164.5 million in stock (S)
IRIDEX STOCK RISES ON EYE LASER APPROVAL
Date: 31 August 1996
Stock of Iridex Corp jumps more than 15%, one day after company, which makes laser systems used to treat eye diseases, receives FDA approval to sell its Oculight laser (S)
9.1% STAKE IN CONSOLIDATED CIGAR GAINED
Date: 31 August 1996
Investment partnerships affiliated with Martin Zweig acquire 9.1% stake in class A common stock of Consolidated Cigar Holdings Inc (S)
QUAKER STATE SET TO PURCHASE MEDO COMPANIES
Date: 31 August 1996
Quaker State Corp says it agreed to buy Medo Companies, privately held maker of automobile air-freshener products (S)~
BLACKSTONE BUYS BIG FUNERAL HOME FOR $320 MILLION
Date: 30 August 1996
Prime Succession Inc, largest privately owned US funeral home chain, is sold for $320 million to Blackstone Capital Partners, private merchant bank in New York, and Loewen, a Canadian funeral home and cemetery operator; Blackstone Capital Partners II Merchant Banking Fund LP will initially hold 76 percent interest in the venture; Loewen Group Inc will hold remaining 24 percent (S)
McCORMICK & COMPANY TO BUY BACK SHARES
Date: 30 August 1996
McCormick & Co plans to buy back as many as 10 million of its common shares, or about 12 percent of its stock (S)
MERISEL AGREES TO A DEAL WITH CHS ELECTRONICS
Date: 31 August 1996
Merisel Inc agrees to sell most of its European operations and all of its Latin American businesses to CHS Electronics Inc for $130 million in cash and assumption of $30 million of debt (S)
DISNEY UNIT IN GERMAN TELEVISION PACT
Date: 30 August 1996
Disney/ABC International, unit of Walt Disney Co, and Kirch Group of Germany say that they signed exclusive 10-year pay television agreement covering Disney live-action movies; pact also calls for developing premium Disney Channel specifically for Germany; no value is placed on agreement (S)