Healtheon And WebMD Plan to Buy News Service
Date: 01 July 1999
By Saul Hansell
Saul Hansell
Healtheon Corp and WebMD Inc, companies that are combining in attempt to dominate use of Internet by health care industry, are buying Greenberg News Networks, privately held medical news service, for $250 million in stock; companies plan to use extensive medical information created by Greenberg's Medcast service to enhance WebMD site, which has sections aimed at medical consumers and doctors; they will also create medical news service that will distribute articles to other news organizations, to increase WebMD's exposure (M)
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GO2NET IS BUYING PROCESSOR OF ON-LINE TRANSACTIONS
Date: 02 July 1999
By Bloomberg News
Bloomberg News
Go2Net Inc, Internet directory and Web site operator, acquires Authorize.net Corp, payment processor for on-line transactions, for $90.5 million in cash and stock (S)
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CHARTER TO ACQUIRE BRESNAN FOR $3.1 BILLION
Date: 01 July 1999
By Bloomberg News
Bloomberg News
Charter Communications Inc, cable TV company owned by billionaire Paul Allen, will buy Bresnan Communications Co, partly owned by AT&T Corp, for about $3.1 billion in cash and stock (S)
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INVACARE BIDS FOR DANISH MEDICAL EQUIPMENT MAKER
Date: 02 July 1999
By Bloomberg News
Bloomberg News
Invacare Corp makes 945 billion Danish kroner ($131 million) bid for Scandinavian Mobility International (S)
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CORNING SHARES LEAP AFTER PACT WITH INTEROUTE
Date: 01 July 1999
By Bloomberg News
Bloomberg News
Shares of Corning Inc jump after company, one of largest makers of optical fibers for telecommunications, says it will sell at least four million miles of optical fiber to London-based Interoute Telecommunications PLC for Europe's largest broadband network (S)
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MONSANTO SAYS IT PLANS TO SELL TWO BUSINESSES
Date: 02 July 1999
By Bloomberg News
Bloomberg News
Monsanto Co will sell its artificial sweeteners business to pay debt and focus more on its drug and agricultural products; sweeteners unit sells its products under brands like Nutrasweet and Equal; company says it plans to sell unit that makes biogums, food ingredients used to thicken products like sauces and gravies (S)
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AUTONATION CHIEF EXECUTIVE AGREES TO STEP DOWN
Date: 01 July 1999
By Bloomberg News
Bloomberg News
Autonation Inc says Steven Berrard, who helped H Wayne Huizenga build company into world's largest auto retailer, will step down as chief executive, but will retain seat on board and continue as co-chief executive with Huizenga until new chief executive is named (S)
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LUCENT GETS CCOM INFORMATION FOR UNDISCLOSED TERMS
Date: 02 July 1999
By Bloomberg News
Bloomberg News
Lucent Technologies Inc acquires closely held CCOM Information Systems for undisclosed price (S)
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EQUITY RESIDENTIAL IN $203 MILLION DEAL FOR LEXFORD
Date: 02 July 1999
By Bloomberg News
Bloomberg News
Equity Residential Properties Trust acquires Lexford Residential Trust for $203 million in stock, making its first move into lower-income housing market (S)
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ASK JEEVES MORE THAN QUADRUPLES AFTER INITIAL OFFERING
Date: 02 July 1999
By Bloomberg News
Bloomberg News
Shares of Ask Jeeves Inc, Internet search service, more than quadruple in their first day of trading; Ask Jeeves sells 12 percent stake, raising $43 million; Benjamin M Rosen, director of company and acting chief executive of Compaq Computer Corp, has stake worth about $91.8 million (S)
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