All Articles

AT&T/STET/Unisource

Premium - 01 November 1997

US telecommunications giant AT&T and Italian telecommunications group Stet/Telcom Italia formed a 50-50 strategic partnership in Latin America in July, while in Europe Stet/Telcom Italia joined the pan-European joint venture between AT&T and Unisource NV.

Capital Radio/Virgin Radio

Premium - 01 November 1997

UK-based radio stations Capital Radio and Virgin Radio’s plan to merge was referred to the MMC in July.

PacifiCorp/The Energy Group

Premium - 01 November 1997

US energy company PacifiCorp made a £3.6 billion cash offer for UK-based The Energy Group in June, which is being investigated by the MMC in the UK.

National Express Group/ScotRail franchise/Central Trains franchise

Premium - 01 November 1997

UK-based rail operator National Express Group acquired the seven-year franchises of Scotrail and Central Trains in February.

Travelers Group/Salomon

Premium - 01 November 1997

US financial conglomerate Travelers Group and US bank Salomon announced in September that they had agreed to merge Salomon with Travelers Group’s Smith Barney Holdings to create Salomon Smith Barney.

PriceWaterhouse/Coopers & Lybrand

Premium - 01 November 1997

International accounting and management consultancy firms Coopers & Lybrand and Price Waterhouse announced plans to merge on 18 September.

Littlewoods/Freemans

Premium - 01 November 1997

Littlewoods, the UK-based retail conglomerate, has finalised its £367.5 million cash purchase of the home shopping group Freemans from UK retail company Sears.

Lockheed Martin/Northrop Grumman

Premium - 01 September 1997

US-based defence companies Lockheed Martin and Northorp Grumman agreed at the beginning of July to merge, forming a company which would have revenues estimated at $37 billion and employ almost 230,000 people.

Mirror Group/Midland Independent Newspapers

Premium - 01 September 1997

British media giant Mirror Group has made a £297 million offer for Midland Independent Newspapers (MIN), which would mean the group paying 210p per MIN share, though it would include a partial share alternative giving MIN shareholders the opportunity to receive Mirror Group shares instead of cash.

Concerns persist

Premium - 01 September 1997

British-based pharmaceutical company Amersham announced at the beginning of July that it had agreed terms of a full merger with Norwegian company Nycomed (the new group to be called Nycomed Amersham).