GERMAN BROADCASTER SALE
Date: 24 December 1999
By Bloomberg News
Bloomberg News
CLT-UFA, Europe's biggest television broadcaster, to buy News Corp's 49.9 percent stake in German channel Vox for $338 million (US) to gain control of channel; CLT-UFA already owns RTL, Germany's most-watched commercial TV station and has stakes in other free over-air broadcasters (S)
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A Sad Case Confounded By Discord
Date: 24 December 1999
By Clyde Haberman
Clyde Haberman
Clyde Haberman column says appellate judges who moved Amadou Diallo murder trial from Bronx to Albany said move was necessary because of 'tidal wave of prejudicial publicity' but they cited three almost comically odd examples: a New York Post column, a New Yorker cartoon and an ACLU ad in New York Times (M)
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JUNO SHARES FALL ON NEWS OF AN ADDITIONAL STOCK SALE
Date: 24 December 1999
By Bloomberg News
Bloomberg News
Juno Online Services Inc, whose shares surged more than fourfold this week after company offered free Internet access, says it will sell additional shares; announcement results in stock falling $15.0625, to $46.1875 (S)
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SNYDER HIRES INVESTMENT BANK TO EXPLORE OPTIONS
Date: 24 December 1999
By Bloomberg News
Bloomberg News
Snyder Communications hires investment bank Deutsche Banc Alex Brown to explore strategic alternatives, including possible sale of company (S)
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PFIZER PLANS TO DROP TESTING OF EXPERIMENTAL DRUG
Date: 24 December 1999
By Bloomberg News
Bloomberg News
Pfizer Inc to drop testing of experimental drug droloxifene, one of two compounds it was developing to treat osteoporosis and breast cancer, according to Ligand Pharmaceuticals, Pfizer's research partner for drugs; Pfizer will continue work on second, newer compound called Iasofoxifene, which it developed in collaboration with Ligand (S)
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INVESTMENT BANK IS SUING SPRINT OVER MISSED PAYMENT
Date: 24 December 1999
By Bloomberg News
Bloomberg News
Sprint Corp is sued by investment bank Dresdner Kleinwort Benson for $54 million because Sprint missed $7.6 million payment in June; bank maintains that because Sprint missed payment it has right to demand full $54 million debt immediately (S)
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ORBITAL SCIENCES SELLS 33% STAKE IN ROBOTICS BUSINESS
Date: 24 December 1999
By Bloomberg News
Bloomberg News
Wilmar Industries says it has agreed to be taken private by investor group, that includes Wilmar senior management and is led by Parthenon Capital and Chase Manhattan unit, in buyout that values company at $300 million (S)
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GENZYME ENDS $350 MILLION OFFER FOR CELL GENESYS
Date: 23 December 1999
By Bloomberg News
Bloomberg News
Genzyme Corp terminates its $350 million takeover of Cell Genesys Inc (S)
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TELLABS TO BUY SWITCH MAKER, SALIX, FOR $300 MILLION
Date: 23 December 1999
By Bloomberg News
Bloomberg News
Tellabs Inc will acquire closely-held Salix Technologies for about $300 million in stock (M)
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NIELSEN PAYS $246 MILLION TO RAISE NETRATINGS STAKE
Date: 23 December 1999
By Bloomberg News
Bloomberg News
Nielsen Media Research Inc increases stake in NetRatings Inc to 54 percent from about 11 percent for $246 million (S)
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