VOX TELEVISION STAKE
Date: 29 December 1999
By Bloomberg News
Bloomberg News
Canal Plus SA of France is discussing sale of its 24.9 percent stake in German television channel Vox to CLT-Ufa; CLT-Ufa, which is owned by Bertelsmann AG of Germany and Audiofina SA of Belgium, agreed last week to buy News Corp's 49.9 percent share of Vox for 650 million marks ($338 million), giving it just under 75 percent of station (S)
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7 Journalists in Chechnya Held for 9 Hours
Date: 30 December 1999
Seven journalists, including two from American newspapers, are stopped as they drive through Chechnya, then taken by helicopter to Russian military base, where they are held for nine hours before being released; it is unclear if journalists would be permitted to remain in Caucasus (S)
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OPERATOR OF DIALYSIS CLINICS EXPANDS WITH ACQUISITION
Date: 29 December 1999
By Bloomberg News
Bloomberg News
National Nephrology Associates Inc acquires Renex Corp for $75 million (S)
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KCS PLANS TO FILE FOR BANKRUPTCY PROTECTION
Date: 29 December 1999
By Bloomberg News
Bloomberg News
KCS Energy Inc reaches agreement with noteholders to restructure its debt and will file for Chapter 11 bankruptcy protection by Jan 18; under agreement, KCS must secure new credit line for as much as $190 million by Jan 15 to replace its two current bank lines (S)
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NATIONAL COMMERCE TO BUY PIEDMONT FOR $34.5 MILLION
Date: 29 December 1999
By Bloomberg News
Bloomberg News
National Commerce Bancorp acquires Piedmont Bancorp Inc for $34.5 million in stock (S)
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JOSTENS, MAKER OF CLASS RINGS, AGREES TO BUYOUT
Date: 29 December 1999
By Bloomberg News
Bloomberg News
Jostens Inc accepts $850 million buyout from company controlled by Investcorp; takeover group includes Jostens management (S)
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FRUIT OF THE LOOM SEEKS CHAPTER 11 PROTECTION
Date: 30 December 1999
By Bloomberg News
Bloomberg News
Fruit of the Loom Ltd, maker of underwear and T-shirts, files for Chapter 11 bankruptcy protection after reporting five consecutive quarters of losses; lists $258.3 million in assets and $72.3 million in debt (S)
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HERSHEY REDUCES ITS EARNINGS ESTIMATE FOR THIS YEAR
Date: 29 December 1999
By Bloomberg News
Bloomberg News
Hershey Foods Corp warns that its profit for 1999 will miss forecasts as problems stemming from new computer system hurt business (S)
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ALL COMMUNICATIONS WILL BUY RIVAL FOR $25.1 MILLION
Date: 29 December 1999
By Bloomberg News
Bloomberg News
All Communications Corp acquires View Tech Inc for about $25.1 million; new company wil be called Wire One Technologies (S)
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SODEXHO MARRIOTT EARNINGS DO NOT MEET EXPECTATIONS
Date: 30 December 1999
By Bloomberg News
Bloomberg News
Shares of Sodexho Alliance SA fall as much as 5.7 percent after US unit, Sodexho Marriott Services Inc, says first-quarter earnings ended Dec 3 were 5 percent less than analysts estimated (S)
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