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Date: 14 July 2000
By David Firestone
David Firestone
Estate of Rev Dr Martin Luther King Jr, in exchange for cash payment, drops its lawsuit against CBS News over rights to King's 1963 'I Have a Dream' speech; payment, amount of which is not disclosed, will be made as contribution to King Center for Social Change; CBS will retain right to use and license its film of speech (M)
Date: 15 July 2000
By Adam Clymer
Adam Clymer
Justice Department closes its criminal contempt of court case against Charles G Bakaly III by portraying the former spokesman for Kenneth W Starr as eagerly disclosing confidential information to make the independent counsel's office look important; he is charged with making false statements to government officials when he denied providing sensitive information to New York Times for a Jan 31, 1999, article that portrayed Starr as having decided he could indict a sitting president (M)
Date: 15 July 2000
By Bloomberg News
Bloomberg News
CNBT Bancshares Inc reports receiving merger offer from undisclosed larger bank, but enters into no agreements (S)
Date: 14 July 2000
By Bloomberg News
Bloomberg News
Packeteer Inc, maker of software that manages Internet data flow, will acquire Workfire Technologies International for $73 million in stock (S)
Date: 15 July 2000
By Bloomberg News
Bloomberg News
Yucaipa Companies, largest shareholder of Cyrk Inc, explores various methods--including merger--for taking company private (S)
Date: 14 July 2000
By Bloomberg News
Bloomberg News
Lockheed Martin Corp sells its Sanders aerospace electronics unit, Fairchild Systems unit and space and communications unit to North American subsidiary of BAE Systems of Britain for $1.67 billion in cash (M)
Date: 14 July 2000
By Bloomberg News
Bloomberg News
Juniper Networks, top rival to Cisco Systems in data routers, agrees to buy 80 acres in Silicon Valley from Lockheed Martin Corp for $190 million to expand its headquarters; company's employees have more than doubled to 570 from 260 a year ego (S)
Date: 15 July 2000
By Bloomberg News
Bloomberg News
General Bearing Corp says that group representing mostly management made offer to take company private; buyout offer values firm at $26.7 million (S)
Date: 14 July 2000
By Bloomberg News
Bloomberg News
Royal Dutch/Shell Group sells Resins and Versatics chemicals unit to Apollo Management for undisclosed sum; Marvin O Schlanger, former president and chief executive of Arco Chemical, will be chairman of new company (S)
Date: 15 July 2000
By Bloomberg News
Bloomberg News
Flowserve Corp agrees to shed some product lines in order to win Justice Dept approval for its proposed $775 million purchase of Ingersoll-Rand's pump manufacturing business (S)