Scoop on an Owner's Deal Raises Issue of Favoritism
Date: 22 September 1999
By Felicity Barringer
Felicity Barringer
Article in first issue of Daily Deal, American Lawyer Media Inc's new journal for mergers and acquisitions, broke news that Voicestream Wireless Corp was 'in the midst of negotiating a new acquisition'; it added that 'analysts agree that Aerial Communications is likeliest candidate'; what piece did not say was that American Lawyer Media is owned by Bruce Wasserstein's investment banking firm, Wasserstein Perella & Co, and that investment banker for group of Aerial's independent directors is same Wasserstein Perella & Co; article raises issue of what happens when corporate boss is in position to leak information about about coming deal to its news subsidiary; Wasserstein and Daily Deal editor in chief Robert Teitelman deny that happened in this instance (M)
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Journalist Killed in a Still Unsettled East Timor
Date: 22 September 1999
By Seth Mydans
Seth Mydans
Sander Thoenes, Dutch journalist working for Christian Science Monitor and Financial Times is killed in Dili, Indonesia, apparently by armed men who pursued his motorbike from rogue checkpoint (M)
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CHEMDEX SHARES SOAR ON NEWS OF PROMEDIX PURCHASE
Date: 23 September 1999
By Bloomberg News
Bloomberg News
Shares of Chemdex Corp rise 16 percent after it says it will buy Promedix.com for about $388.7 million in stock to begin selling medical products to hospitals (S)
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ANDERSEN CONSULTING'S CHIEF EXECUTIVE IS RESIGNING
Date: 22 September 1999
By Bloomberg News
Bloomberg News
Andersen Consulting says chief executive George Shaheen is leaving to join unidentified Internet company; managing partner John T Kelly will act as interim chief executive until successor is found (S)
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FOUNDER AND CHIEF EXECUTIVE OF PEOPLESOFT STEPS DOWN
Date: 22 September 1999
By Bloomberg News
Bloomberg News
Peoplesoft Inc founder David Duffield steps down as chief executive and will be succeeded by president Craig Conway; Duffield will remain chairman (S)
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I.B.M. AGREES TO ACQUIRE INTERNET SECURITY COMPANY
Date: 23 September 1999
By Bloomberg News
Bloomberg News
IBM acquires Internet-security company Dascom Inc for undisclosed price to strengthen its on-line commerce business (S)
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LEAP WIRELESS IS IN 2 DEALS FOR EQUIPMENT AND SERVICES
Date: 22 September 1999
By Bloomberg News
Bloomberg News
Leap Wireless International shares rise as much as 38 percent after company says it will buy $660 million in wireless equipment and services from Lucent Technologies Inc and Ericsson AB; Leap Wireless says it will pay phone equipment makers $330 million each for gear to expand its Cricket Communications wireless service, which provides local phone service at flat rates in Tennessee (S)
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2 COMPANIES TO BUY ROYAL BANK PROPERTIES
Date: 23 September 1999
By Bloomberg News
Bloomberg News
Oxford Properties Corp and Ontario Municipal Employees Retirement System acquires 33 properties from Royal Bank of Canada for $827 million (Canadian), or $559 million (US); companies will then sell 22 of properties to group led by GE Capital Canada Inc for $216 million (Canadian); most of buildings, including bank's headquarters building in downtown Toronto, are in Ontario (S)
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CISCO SYSTEMS SET TO BUY WEBLINE FOR $325 MILLION
Date: 23 September 1999
By Bloomberg News
Bloomberg News
Cisco Systems Inc buys Webline Communications for $325 million in stock (S)
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TLC ADOPTS MEASURE TO THWART HOSTILE TAKEOVER BIDS
Date: 22 September 1999
By Bloomberg News
Bloomberg News
TLC-The Laser Center, operator of eye-surgery clinics, adopts measure aimed at thwarting unwanted takeovers after stock lost more than half its value in last two months (S)
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