The Daily Deal articles from April 2001

The Daily Deal archives from April 2001

Altadis buying out Seita.(Brief Article)
April 30, 2001... Altadis SA, Spain's largest tobacco company, said Friday it wants to buy the 3.85% of France's Seita SA it doesn't already own for [Euro]97 million ($87 million). Altadis will offer [Euro]48.3 for each of about 2 million Seita shares owned by...

Amvescap buying Pell Rudman.(Brief Article)
April 30, 2001... Amvescap plc on Friday agreed to buy Pell Rudman & Co. from Old Mutual plc for $172 million in cash, the companies said Friday. The deal also calls for an additional $28 million payout should Pell Rudman retain its assets. Pell Rudman, with...

Antenova.(Brief Article)
April 30, 2001... The U.K.'s Antenova Ltd., which develops steerable antenna for wireless communications, has raised [pound]3.4 million ($4.8 million) in its first round of funding to develop its directional antenna technology. Cambridge, England-based...

Bear Stearns Health.(Brief Article)
April 30, 2001... Venture capital fund Bear Stearns Health Innoventures LP of New York has closed $212 million in committed capital. The fund invests in early- to mid-stage companies with platform technologies designed to increase productivity in the...

Chile's Quinenco ponders selling two subsidiaries.(Brief Article)
April 30, 2001... Quinenco Quinenco SA, the Chilean holding company belonging to Chile's powerful Luksic Group, is considering the sale of two subsidiaries, metals fabricator Madeco SA and pasta maker Luchetti SA. The announcement, reported in local newspaper...

DCI.(Brief Article)
April 30, 2001... Explosives engineering company DCI of France has secured $2.6 million in financing from InnovaFrance-French Fonds Commun de Placement pour l'Innovation, as well as Innovatech Grand Montreal, a Quebec venture capital company specializing in...

Epartners.(Brief Article)
April 30, 2001... Venture capital fund Epartners, which was established by News Corp. during the Internet boom, has unveiled plans to return $520 million in remaining cash to investors, including Morgan Stanley and Softbank. Epartners raised a $650 million...

Federal appeals court upholds Conrail split.(Brief Article)
April 30, 2001... The U.S. Court of Appeals for the Second Circuit said Friday that rail regulators had not erred when they approved the split of Conrail Inc. nearly three years ago. The Surface Transportation Board ruled in July 1998 that dividing Conrail...

Grupo 3i.(Brief Article)
April 30, 2001... Madrid's Grupo 3i has invested $16.6 million in a housing project for retirees in Spain, according to the financial daily Expansion. 3i has acquired a stake in the Spanish company Ballesol which manages several retirement homes and has...

Heritage Image Partnership.(Brief Article)
April 30, 2001... Online picture library Heritage Image Partnership Ltd. of London has secured [pound]3.25 million ($4.7 million) in funding from a group of British venture capitalists. The funding was arranged by MTI and led by VCF Partners. Gartmore Fund...

HighDeal.(Brief Article)
April 30, 2001... France-based HighDeal, a startup that specializes in e-commerce pricing, billing and management software, has raised [Euro]4 million ($3.6 million) in second round funding from U.K. venture capitalist 3i. The company, which employs 55 people...

Intraco.(Brief Article)
April 30, 2001... Communications technology developer Intraco Systems Inc. of Boca Raton, Fla., has connected with a $3 million private placement equity financing commitment from Dubois Investment Management. The infusion will fuel company growth and...

LearningFramework.(Brief Article)
April 30, 2001... San Diego-based LearningFramework Inc., a software and service solutions provider for the electronic learning industry, has closed a $5 million Series B round of financing from undisclosed investors. This amount includes a $500,000 commitment...

Magnum Sports.(Brief Article)(Statistical Data Included)
April 30, 2001... Sports and entertainment management company Magnum Sports & Entertainment has closed a round of private equity financings for about $1.3 million. The New York-based company has raised $2.57 million in the series of financings. Proceeds of the...

Novopoint.(Brief Article)
April 30, 2001... Chicago-based Novopoint, an online marketplace for the food and beverage sector, has secured a Series B financing round led by Nissho Iwai Corp., a Tokyo-based global trading company, and its North American subsidiary, Nissho Iwai American...

OutPurchase.(Brief Article)
April 30, 2001... Business management software provider OutPurchase of Mountain View, Calif., has closed a round of funding from existing investors including Technology Crossover Ventures, Athena Technology Ventures and Altos Ventures. Terms of the deal were...

Peoples Energy buys in Texas.(Brief Article)
April 30, 2001... Chicago electric and gas utility Peoples Energy Corp. said Friday it had purchased 28 oil and natural gas producing wells in South Texas from Sierra 1996-I LP, an affiliate of EnCap Investments llc of Houston, for about $120 million. Peoples...

Reliant Resources.(Brief Article)
April 30, 2001... Houston-based electricity and energy provider Reliant Resources Inc. increased the price of its upcoming initial public offering to $28 to $30 per share from $26 to $28 per share. Reliant's IPO size is estimated at up to $1.56 billion for 52...

Sherbrooke Capital Health & Wellness.(Brief Article)
April 30, 2001... Newton, Mass.-based Sherbrooke Capital Partners llc has closed Sherbrooke Capital Health & Wellness lp, a venture capital fund with more than $101 million in committed capital. Sherbrooke Capital Health & Wellness Fund has attracted industry...

Shire Pharmaceuticals asks for extended review.(Brief Article)
April 30, 2001... Andover, U.K.-based Shire Pharmaceuticals Group plc has asked the Canadian government to extend its review of its planned C$5.9 billion ($3.82 billion) merger with Laval, Quebec-based BioChem Pharma Inc. BioChem said Shire requested an...

Somnus.(Brief Article)
April 30, 2001... Medical treatment company Somnus Medical Technologies Inc. of Sunnyvale, Calif., pulled in a total of $3.35 million in private financing. The company sold 2.5 million shares of its common stock to a group of investors led by Easton Hunt...

Swiss Re gets SW Life.(Brief Article)
April 30, 2001... Swiss Re, the Zurich-based re-insurer, said Friday it is buying Dallas-based Southwestern Life Holdings Inc. for $167 million in cash, the companies said Friday. The deal represents a 54% premium to SLH's closing share price Thursday. A...

Travelprice.(Brief Article)
April 30, 2001... European online travel company Travelprice has signed a strategic partnership agreement with Galileo International Inc., a provider of electronic global distribution services for the travel industry. Galileo's investment is part of...

Two Way TV.(Brief Article)
April 30, 2001... U.K. interactive television company Two Way TV has raised [pound]12 million ($17.3 million) from Swedish investment firm SMI Media Invest in exchange for a minority interest in the company and two seats on the board. Formed in 1992, Two Way...

Tyson Foods seeks end to merger fight.(Brief Article)
April 30, 2001... A Delaware judge last week agreed to hear a motion by Tyson Foods Inc. to end a merger dispute with IBP Inc. without a trial. Vice Chancellor Leo E. Strine of the Court of Chancery scheduled a May 10 hearing on Tyson's motion for summary...

Vivendi talking takeover with Scoot.com.(Brief Article)
April 30, 2001... Media group Vivendi Universal SA said Friday it is in preliminary takeover talks with British online directory provider Scoot.com plc, a joint venture partner in which the French company holds 22%. Shares in Scoot closed up more than 13%...

Voltaire.(Brief Article)
April 30, 2001... Israeli networking startup Voltaire has raised $7.3 million in venture capital, according to the Jerusalem Post. Shrem Fudim Kelner Technologies, a Tel Aviv venture firm, led the round with a $2.75 million contribution. Tamir Fishman, another...

L&H meeting offers cold comfort.(Lernout and Hauspie Speech Products N.V.)(Brief Article)
April 30, 2001... Byline: Tyson Freeman If the duration of the April 27 extraordinary shareholders meeting wasn't enough to give investors in Lernout & Hauspie Speech Products NV a migraine, the latest news surely is. In an eight-hour session, L&H CEO...

Pliant to file bankruptcy, slashes staff.(Pliant Systems Inc.)(Brief Article)
April 30, 2001... Byline: Ivan Castano Pliant Systems Inc., a struggling telecommunications-equipment provider, announced April 30 it will file for Chapter 11 bankruptcy protection as a prelude to selling the majority of its assets. CEO David E. Orr...

marchFIRST marches into liquidation.(Brief Article)
April 30, 2001... Byline: Michael B. Marois Bankrupt Web consultant marchFIRST Inc. has obtained permission from a federal court judge in Delaware to sell off its assets and go out of business, rather than trying to reorganize its finances and stay...

Quokka Sports throws in the towel.
April 30, 2001... Byline: David Shabelman and Peter Lauria Quokka Sports Inc., which ran the official Web site for the 2000 Summer Olympic Games, has filed for Chapter 11 bankruptcy protection. The move comes after a failed attempt by the San Francisco...

Riddell Sports sells unit for $61M.
April 30, 2001... Byline: Greg Johnson Riddell Sports Inc., the New York company which repairs and reconditions helmets used by National Football League players, said April 30 it has reached agreement to sell its Riddell Group Division for $61 million to...

NetSOL shareholders launch proxy fight.(Brief Article)
April 30, 2001... Byline: Tyson Freeman SEATTLE--A group of shareholders controlling nearly 27% of software development and outsourcing company NetSol International Inc. has launched a proxy contest to wrest control of the company from management. ...

Teligent hangs by a thread.
April 30, 2001... Byline: Leon Lazaroff Alex Mandl is out of a job, and his former company, Teligent Inc., is now in the hands of Howard Jonas, chairman and CEO of long-distance calling card company, IDT Corp. of Newark, N.J. Mandl, a former president...

Troubled PSINet appoints new CEO.
April 30, 2001... Byline: David Shabelman Internet service provider PSINet Inc., which is trying desperately to stay afloat, has appointed Harry Hobbs as its chief executive officer. Hobbs, who previously served as PSINet's president and chief...

Korean chipmaker Hynix restructures.(Hynix Semiconductor Inc.)(Brief Article)
April 30, 2001... Byline: Olaf de Senerpont Domis Troubled memory chipmaker Hynix Semiconductor Inc. took a few positive steps towards finalizing its financial rescue package this week. The South Korean company's creditors have reached an agreement...

PZU's future IPO clouded by control issues.(Brief Article)
April 30, 2001... Byline: Patricia Koza WARSAW--As Poland's PZU SA nears an initial public offering, the struggle for control of its insurance unit, PZU Zycie, is growing more rancorous. A company spokesman claimed Monday in a newspaper interview that...

IPO pick of the week: Reliant Resources.(Brief Article)
April 30, 2001... Byline: David Menlow I have chosen energy stocks--Shamrock Logistics LP and Aquila Energy--as top IPO picks in the last two editions of this column. Both articles said "energy-anything" have the potential to lead the IPO market out of...

Reliant Resources debut has high hopes.
April 30, 2001... Byline: Heidi Nasr Companies in the energy sector are still wearing their halos as far as investors in initial public offerings are concerned. The latest example of a blessed energy offering is that of Reliant Energy Inc. spinoff...

Balancing act.(2002 budget for the Department of Health and Human Services)(Brief Article)
April 30, 2001... Byline: Tommy G. Thompson A full review of the fiscal 2002 budget for the Department of Health and Human Services will demonstrate that we are proposing a balanced, responsible approach to building a strong and healthy America. Part...

New packages.
April 30, 2001... Byline: Robert Willens The imminent demise of the pooling-of-interests method of accounting for business combinations will enable acquirers to use more eclectic packages of consideration for deals. For a transaction to qualify as a...

'There is room to maneuver'.(Brief Article)
April 30, 2001... Byline: Horst Kohler The deceleration of the U.S. economy--which served as the engine of global economic growth during the past decade--is faster and deeper than expected some months ago. Other regions of the world have not taken up the...

Rabble Babble.(discussions of acquisitions and mergers on Internet bulletin boards)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Stacy Mosher The news never rests, and nowhere is it busier than on the Internet bulletin boards. This column excerpts the choicest messages on the latest deals. Postings are selected from several sources, including Yahoo!,...

Enron mum on Portland General sale.(Enron Corp., Scottish Power PLC, Portland General Electric Co.)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Claire Poole in Houston A report that Scottish Power plc and Houston energy giant Enron Corp. were negotiating a possible sale of Enron unit Portland General Electric to the U.K. utility for $3 billion was met with "no comment"...

Southcorp turns water heaters into wine.(Southcorp Ltd. sells Water Heaters Group division)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Giles Parkinson SYDNEY -- Australia's Southcorp Ltd. said Monday it will sell its water heater business to concentrate on its primary winemaking operations. Southcorp said it retained investment bank ABN Amro NV to seek...

Korea Telecom mobile units to merge.(Korea Telecom Freetel Co. Ltd. and KT M.com Co. Ltd. merged to form Korea Telecom Freetel)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Michael Baker SEOUL -- Two mobile phone units of Korea Telecom Corp. will merge Tuesday, creating the country's second-largest wireless operator and a new rival to Korea Telecom and top-ranked SK Telecom Co. Ltd. Analysts say...

Infineon scoops up chipmaker Catamaran.(Infineon Technologies AG, Catamaran Communications Inc.)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Joshua Jaffe LONDON--Who says R&D-driven technology acquisitions are dead? Infineon Technologies AG, Germany's largest chip company, signed a definitive agreement Monday to acquire Silicon Valley fabless semiconductor startup...

IPE, ICE are going digital.(International Petroleum Exchange PLC merges with InterContinental Exchange)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Donna Block with contributions by John Morris One of the last bastions of the open outcry system of trading is going digital as London's International Petroleum Exchange plc (IPE) announced Monday that it is merging with the...

Canada's Domtar buys Georgia-Pacific mills.(Domtar Inc., Canada-Pacific Corp.)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Laura King in Toronto and Padriac Cassidy in New York Canada's Domtar Inc. plans to significantly expand its U.S. operations with the acquisition of four paper mills in three states from Georgia-Pacific Corp. Terms of the...

Canadian 88 completes deal with Hunt Oil.(Canadian 88 Energy Corp. sells natural gas assets to Hunt Oil Co., faces lawsuit from Canadian Superior Energy Inc.)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Laura King TORONTO--Independent oil and gas producer Canadian 88 Energy Corp. said Monday it completed a sale of natural gas assets to giant Hunt Oil Co. of Dallas, despite a lawsuit over the properties filed by the Canadian...

GMAC powers World Trade Center deal.(GMAC Commercial Mortgage Corp.)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Jonathan Berke Larry Silverstein wasn't the only underdog involved in the $3.2 billion purchase of the World Trade Center's 99-year net lease. After all, it is not J.P. Morgan Chase & Co. or Citigroup or Deutsche Bank AG...

Pitofsky to depart FTC by early June.(Robert Pitofsky, United States Federal Trade Commission)(Brief Article)
April 30, 2001... Byline: Jaret Seiberg WASHINGTON--Federal Trade Commission Chairman Robert Pitofsky said Monday that he intends to leave the agency by early June even if the Senate has not yet confirmed his replacement, George Mason University professor...

Movers and Shakers -- April 30, 2001.(appointments)(Brief Article)
April 30, 2001... Byline: Omar Sacirbey The Carlyle Group added another politically potent name to its rank -- which includes Frank Carlucci, James Baker, Michael Darman, and (as senior advisers) former president George Bush and former U.K. prime minister...

Sports Capital takes in CalPERS as investor.(Sports Capital Partners, California Public Employees' Retirement System)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Lou Whiteman A New York-based investment fund targeting sports and leisure-related businesses has turned to a pinch-hitter to replace one of its founding partners. The California Public Employees' Retirement System has...

Welsh Carson closes $3.9B fund.(Welsh, Carson, Anderson and Stowe)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: David Carey Many handicappers didn't give Welsh, Carson, Anderson & Stowe strong odds of landing the $4 billion in fresh funding it set out to raise last spring. Not only had the fund-raising climate for private equity turned...

DLJ to sell Duane Reade shares.(DLJ Merchant Banking)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: David Carey The New York-based drugstore chain Duane Reade Inc. said Monday it plans to file a registration statement with the Securities and Exchange Commission to offer 7 million shares of common stock to the public, including...

Ups and downs in telecoms.(telecommunications)(Brief Article)
April 30, 2001... Byline: Matt Miller Investor interest in wireless telecommunications manufacturers oscillated during the past year from a stirring crescendo to an almost funereal silence. That followed the industry trajectory itself, which went...

What's hot -- Week of April 23.(venture capitalists)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Matthew Wurtzel This week's deal flow tally corroborates the bleak outlook found in a new Deloitte & Touche survey of Silicon Valley venture capitalists. Only 12% of 200 Valley VCs surveyed by the accounting firm believe...

Dealflow -- April 30, 2001.(Statistical Data Included)
April 30, 2001... Byline: Rob McGann and Ivan Castano COMPUTER HARDWARE AND SOFTWARE Wisor Rockville, Md.'s Wisor Telecom Corp., a developer of software solutions for next-generation communications providers, has closed a $10 million third round of...

InterSAN raises $7.8M.(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Clifford Carlsen InterSAN Inc. has raised $7.8 million in a first round of institutional venture capital to position itself in the first wave of new generation storage management products to meet a growing industry crunch. ...

Brix Networks lands $22M.(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Katherine Goncharoff A host of venture capitalists are betting that quality of service guarantees will be a money maker for Internet service providers. The latest of them, Brix Networks, a provider of hardware and software...

Heartlab's pulse strong after first round.(Heartlab Inc. profitable)(Brief Article)(Statistical Data Included)
April 30, 2001... Byline: Rob McGann A profitable startup is nearly an oxymoron. But Heartlab Inc., a cardiac image archiving company, has achieved that in most of its eight years, and on April 30 said it was rewarded with $23 million in first-round...

Endesa to auction Electrica del Viesgo.(Brief Article)
April 29, 2001... Byline: Michael Elkin MADRID -- Spain's largest utility, Endesa SA, said Saturday it will advance its plan to raise [Euro]5 billion ($4.45 billion) for European expansion by selling power company Electrica del Viesgo. Endesa had said...

ING Barings teams with Israel's Foresight.(Brief Article)
April 29, 2001... Byline: Neal Sandler TEL AVIV -- Investment bank ING Barings has entered the Israeli market through a partnership agreement with a smaller local counterpart, Foresight Ltd. The agreement, signed late last week but made public by the...

S. Korea let mutual funds go hostile.(funds to make takeovers)(Brief Article)
April 29, 2001... Byline: Michael Baker SEOUL -- The South Korean government plans in early May to allow a new type of mutual fund, which will be permitted to make hostile takeovers, in the hope that this will spur corporate restructuring by imposing...

Fleet Street.(British company news)(Brief Article)
April 29, 2001... Byline: Peter Moreira LONDON -- The London press on Sunday focused largely on the two biggest stories in town -- the engagement of Bank of Scotland to Halifax plc and the financial troubles at British Telecommunications plc. Three...

USX to split steel, energy businesses.(U.S. Steel Group, Marathon Oil)(Brief Article)
April 24, 2001... Byline: Kelly Holman and Claire Poole USX Corp. of Columbus, Ohio, said April 24 that it was separating its steel and energy businesses, USX-U.S. Steel Group and USX-Marathon Group, into separate companies as part of a corporate...

Investors hope Webvan will deliver.(Brief Article)
April 24, 2001... Byline: David Shabelman SAN FRANCISCO -- As online grocer Webvan Group Inc. prepares to report earnings this week, shares of its stock have soared -- at least on a percentage basis -- amid hopes the news won't be all bad. Better yet,...

Winstar could fetch nearly $1B, but buyers will be scarce.(Brief Article)
April 20, 2001... Byline: Leon Lazaroff With a batch of telecom upstarts in bankruptcy court or headed there, a critical question swirling over the embattled sector is how much the assets of these companies are actually worth. On Wednesday, Winstar...

Oil rig maker sinks into Chapter 11.(Brief Article)
April 20, 2001... Byline: Ira Breskin Cost overruns and engineering snafus tied to the building of four big offshore drilling rigs prompted Friede Goldman Halter Inc. to seek Chapter 11 bankruptcy protection Thursday. Friede Goldman, one of the...

Zara chain's parent going public.(Brief Article)
April 20, 2001... Byline: Nicola Hobday in London and Mike Elkin in Spain LONDON -- Spanish textiles company and clothing retailer Industria de Diseno Textil SA, known as Inditex, will debut May 23 on the Madrid stock exchange with a [Euro]2.5 billion...

Milberg Weiss likely to lead Linux litigation.(Brief Article)
April 20, 2001... Byline: Heidi Nasr New York shareholder litigation powerhouse Milberg Weiss Bershad Hynes & Lerach llp is likely to be lead counsel in the lawsuits against VA Linux Systems Inc. and underwriter Credit Suisse First Boston. April 19,...

Industry Insight: Solid delivery.(Brief Article)
April 20, 2001... Byline: Richard Morgan OK, so it lacked the excitement of, say, a World Series opener. But as corporate events go, anticipation over AOL Time Warner Inc.'s first-ever quarterly results couldn't have been higher. Witness such...

'Above all, adequate disclosure'.(Brief Article)
April 20, 2001... Byline: Laura S. Unger My message today is that brokerage firms need to deal with the problem of analysts' conflicts. As they focus on the broader challenge of providing more value to investors and the marketplace, the firms can...

Early start.
April 20, 2001... Byline: Robert Willens Section 355(e) of the tax code, the so-called "anti-Morris Trust" rule, provides that an otherwise qualifying spinoff will be taxable at the corporate level if it is found to be part of a plan (or a series of...

National Mutual mum on change in status.(Brief Article)
April 20, 2001... Byline: Nicola Hobday LONDON -- U.K. pension firm National Mutual, which is considering shedding its mutual status through the sale of the company, declined to reveal specific details about the process at its annual meeting Friday. ...

Two bidders on tap for Wolverhampton brewery.(Brief Article)
April 20, 2001... Byline: John E. Morris LONDON -- Nine months after it was put into play by an unsolicited buyout offer, brewer and pub owner Wolverhampton & Dudley Breweries plc called time Friday. By Friday's noon deadline for bids, there appeared...

Tyson moves to scuttle IBP suit.(Brief Article)
April 20, 2001... Byline: Jaret Seiberg in Washington After failing to move the litigation from Delaware to Arkansas, Tyson Foods Inc. is preparing to convince a judge to dismiss without a trial a suit by IBP Inc. that would force the poultry giant to...

Northrop buys GenCorp's missile systems unit.(Brief Article)
April 20, 2001... Byline: Charles Sisk WASHINGTON -- Northrop Grumman Corp. has agreed to buy GenCorp Inc.'s electronic information systems business, which supplies technology used in missile defense systems. Northrop Grumman will pay $315 million in...

Enron may bail out of Indian power project.(Brief Article)
April 20, 2001... Byline: Claire Poole Houston energy giant Enron Corp. was mum Friday about reports it was looking to dump its controlling stake in Dabhol Power Co., its controversial electricity-generation project in the western Indian state of...

Reg FD gets its six-month review.(Brief Article)
April 20, 2001... Byline: Shanon D. Murray A meeting of the minds Tuesday in New York on how Regulation Full Disclosure has fared in its first six months of existence is not likely to involve much rancor, but securities lawyers who feel the rule can use...

De Beers takeover hits opposition.
April 20, 2001... Byline: Amanda Vermeulen JOHANNESBURG -- A $16.4 billion takeover bid by Anglo American plc and South Africa's Oppenheimer family for De Beers Consolidated Mines Ltd., the world's dominant diamond producer, has been rocked by opposition...

Schroder Ventures scopes out Agfa photo unit.(Brief Article)
April 20, 2001... Byline: John E. Morris LONDON -- Belgian chemical and imaging company Agfa-Gevaert NV said April 20 that it is in "intense negotiations" with Schroder Ventures about the sale of Agfa's consumer imaging business. The assets, which...

Apollo Management injects $250M in AMC.(AMC Entertainment Inc.)(Brief Article)(Statistical Data Included)
April 20, 2001... Byline: Kelly Holman AMC Entertainment Inc. announced April 20 that Apollo Management LP had closed a $250 million private equity placement in the company. The New York buyout firm purchased $92 million of Series A convertible...