The Daily Deal articles from October 2001

The Daily Deal archives from October 2001

7TM Pharma.($15 million second round of financing led by Geneva-based venture capital firm Index Ventures)(Brief Article)
October 1, 2001... Copenhagen-based drug design company 7TM Pharma AS has closed a $15 million second round of financing led by Geneva-based venture capital firm Index Ventures. Other participants in the round included Swiss private bank Lombard Odier & Cie,...

Berlin raises stake in bank.(Bankgesellschaft Berlin AG)(Brief Article)(Statistical Data Included)
October 1, 2001... The city-state of Berlin poured an additional [Euro]1.75 billion ($1.59 billion) into the German capital's troubled, part-municipally owned, part-listed banking group Bankgesellschaft Berlin AG, raising its stake from 56.6% to 80.95%. Berlin's...

Bid for Triad unit gets antitrust OK.(Triad Hospitals Inc. unit, Triad of Arizona)(Brief Article)
October 1, 2001... Buyout firm Morgan Stanley Capital Partners IV has received antitrust clearance to buy a unit of Dallas-based Triad Hospitals Inc., according to the U.S. Federal Trade Commission. Triad has been selling Triad of Arizona LP, which provides...

CapMan.(acquires Nordic Private Equity Group)(Brief Article)(Statistical Data Included)
October 1, 2001... Finnish venture capital and private equity firm CapMan plc has completed its acquisition of Danish private equity company Nordic Private Equity Group for $2 million worth of common stock. NPE shareholders received 1.13 million CapMan shares,...

Childcare Network.(withdraws initial public offering)(Brief Article)(Statistical Data Included)
October 1, 2001... Citing unfavorable market conditions, Childcare Network Inc. withdrew its $24 million IPO. The company was going to sell 1.6 million shares at $13 to $15 per share. Columbus, Ga.-based Children's Network provides developmental education and...

DataDirect Networks.($9.9 million in a first round of venture funding)(Brief Article)
October 1, 2001... Network data sharing technology company DataDirect Networks of Los Angeles has tapped $9.9 million in a first round of venture funding. The investors were ClearLight Partners llc, a $300 million private equity and venture capital fund; Digital...

Davis to convene special session to save SoCalEd.(Southern California Edison bailout planned)(Brief Article)
October 1, 2001... Seeking support for a state-sponsored rescue of troubled utility Southern California Edison, California Gov. Gray Davis has pushed back a special legislative session to consider the plan from Tuesday to Oct. 9. Davis will use the extra time to...

Digital Bridges.($18 million from Apax Partners Funds and Argo Global Capital llc)(Brief Article)
October 1, 2001... Edinburgh, Scotland-based wireless gaming startup Digital Bridges Ltd. has received a second round worth $18 million from Apax Partners Funds and Argo Global Capital llc. The two investors chipped in $15 million in a first round completed...

EU regulators likely to block Legrand takeover.(by Schneider Electric SA)(Brief Article)(Statistical Data Included)
October 1, 2001... European Union regulators are set to block Schneider Electric SA's [Euro]7.9 billion ($7.2 billion) acquisition of rival switch-maker Legrand SA, Schneider revealed last week. Although the European Commission isn't likely to make a formal...

FERC clears Energy East's RGS Energy acquisition.(Federal Energy Regulatory Commission;)(includes information on stock prices)(Brief Article)(Statistical Data Included)
October 1, 2001... Energy East Corp., an electric utility in Albany, N.Y., said Friday the U.S. Federal Energy Regulatory Commission approved its $1.4 billion purchase of RGS Energy Group Inc. of Rochester, N.Y. The deal was announced Feb. 20 for $39.50 per...

Gaylord Container sold for $100M.(Brief Article)
October 1, 2001... Forestry and packaging company Temple-Inland Inc. will acquire Gaylord Container Corp. for $100 million stock and $686 million in assumed debt. Temple-Inland, based in Austin, Texas, will pay $1.80 a share for all the outstanding shares of...

General Dynamics closes purchase of Motorola unit.(Motorola's Integrated Information System's Group)(Brief Article)
October 1, 2001... General Dynamics Corp. closed its $825 million acquisition of Motorola's Integrated Information System's Group Friday and will incorporate the business as General Dynamics Decision Systems. General Dynamics, based in Falls Church, Va., made the...

Guide Technology.(Brief Article)
October 1, 2001... Time measurement instruments maker Guide Technology Inc. of Sunnyvale, Calif., has received a new investment from Essen, Germany-based West Staeg Partners. The investment, for which details were not disclosed, caps the company's third round of...

HealthExtras gets $12M for deals.(Brief Article)
October 1, 2001... Rockville, Md.-based HealthExtras Inc. has raised $12 million through a private placement of 3 million shares. In a separate transaction, the company issued warrants convertible into 840,000 shares of common stock. The warrants were priced at a...

Intel unloads PictureTel shares.(being acquired for $324 million in cash and stock by Polycom Inc)(Brief Article)
October 1, 2001... Santa Clara, Calif., chip giant Intel Corp. has sold its 8.9% stake in video communications equipment designer PictureTel Corp. Intel sold its 4.7 million shares in the Andover, Mass., company between Sept. 4 and Sept. 25 in a series of sales...

One Asset Management.(Brief Article)
October 1, 2001... Bangkok-based One Asset Management Ltd. has delayed plans to expand its venture capital fund for small- and medium-sized businesses, due to the unpredictable economic environment, Business Day of Thailand reported. Since its formation in 1999,...

Premcor.(Brief Article)
October 1, 2001... St. Louis-based Premcor Inc. filed Friday for an estimated $300 million initial public offering. Premcor is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical and other...

Reliant price target cut after $2.9B Orion purchase.(Brief Article)
October 1, 2001... New York brokerage firm Credit Suisse First Boston said Friday it cut its price target for Houston electric generator Reliant Resources Inc. from $40 to $30 per share, a day after Reliant announced it would buy Orion Power Holdings Inc. of...

Response Networks.($5 million in fourth-round funding led by Zesiger Capital Group llc)(Brief Article)
October 1, 2001... North Andover, Mass.-based Response Networks Inc., a maker of software which monitors hosted application services, has closed on $5 million in fourth-round funding led by Zesiger Capital Group llc of New York. Previous backers Blue Rock Venture...

Silverback Systems.($15 million in second-round funding from J.P. Morgan Partners and Newbury Ventures)(Brief Article)
October 1, 2001... Mountain view, Calif.-based Silverback Systems, a developer of silicon and software products for storage networks and data centers, has connected with $15 million in second-round funding from J.P. Morgan Partners and Newbury Ventures of the...

The PhonePages of Sweden.(receives funding from Siemens)(Brief Article)
October 1, 2001... Wireless Internet technology company The PhonePages of Sweden AB has netted an investment from Siemens Mobile Acceleration GmbH of Germany in which Siemens has acquired 10.7% share of the company for SKr10.8 million ($1 million) The two...

Urban Growth Partners.(Brief Article)
October 1, 2001... TRF Urban Growth Partners LP Friday said it had an initial closing of a new fund with capital commitments of $21 million. Urban Growth classifies itself as a socially responsible venture capital fund that will invest in high-growth, urban...

Assisted Living, debtholders in pact.(Assisted Living Concepts Inc. )(Brief Article)
October 1, 2001... Byline: Shanon D. Murray Assisted Living Concepts Inc. said Oct. 1 it has reached an agreement with the holders of $75.9 million in debt that would allow the Portland, Ore.-based company to financially reorganize under bankruptcy...

Looming settlement delays NextWave hearing.(Brief Article)
October 1, 2001... Byline: Leon Lazaroff With a settlement near in a dispute over valuable wireless licenses between NextWave Telecom Inc., U.S. regulators and major mobile phone operators, a New York bankruptcy court Oct. 1 postponed a hearing on NextWave's...

Asbestos, debt drives Federal-Mogul under.(Chapter 11 protection filing)(Brief Article)(Company Profile)(Statistical Data Included)
October 1, 2001... Byline: Terry Brennan Weighed down by heavy debt and frustrated by slow congressional action on asbestos-litigation legislative relief, auto-parts maker Federal-Mogul Corp. filed for bankruptcy protection Oct. 1 in the U.S. and the U.K....

At Home creditors protest AT&T deal.(Excite@Home's proposed sale of broadband network business to AT&T Corp.)(Brief Article)(Statistical Data Included)
October 1, 2001... Byline: Danny Fortson SAN FRANCISCO -- Several creditors of At Home Corp. are lodging objections to the proposed $307 million sale of its broadband network business to AT&T Corp. At Home, which Friday filed for Chapter 11 bankruptcy...

Au revoir, Mademoiselle.(Mademoiselle magazine to suspend publication)(Brief Article)
October 1, 2001... Byline: Peter Lauria Au revoir, Mademoiselle. Conde Nast Publications Inc. said Oct. 1 that the November 2001 issue of Mademoiselle magazine, on sale in a few weeks, will be the title's last after nearly 67 years in print. "Current...

Bleak future predicted for IPOs in U.K.(initial public offerings dry up)(Brief Article)(Statistical Data Included)
October 1, 2001... Byline: Nicola Hobday in London LONDON -- Initial public offerings in the United Kingdom have all but dried up, according to a report issued Monday by KPMG Corporate Finance. Of the 17 listings on the London Stock Exchange in the...

Japan's Dentsu pushed to list by 2002.(Tokyo Stock Exchange listing)(Brief Article)(Statistical Data Included)
October 1, 2001... Byline: Charles Smith Privately owned Japanese advertising agency Dentsu Inc. said Oct. 1 it was aiming to list on the Tokyo Stock Exchange by year's end. Dentsu, which ranks first in the world in billings, was responding to reports in...

BRL Hardy, Constellation buy Blackstone.(through joint venture Pacific Wine Partners L.L.C.)(Brief Article)
October 1, 2001... Byline: Giles Parkinson SYDNEY -- Australian wine group BRL Hardy Ltd. has made its first purchase with its U.S. joint venture partner, Constellation Brands Inc., buying the California-based Blackstone wine business for $140 million. ...

Nestle rumored to have buyer for Ralston review.(seeking Federal Trade Commission approval of Ralston Purina Co. acquisition)(Brief Article)
October 1, 2001... Byline: Scott Stuart Many risk arbitrageurs believe Nestle SA has presented a buyer to the Federal Trade Commission for the pet-food assets it must sell to win antitrust approval of its $10.4 billion acquisition of Ralston Purina Co. But...

Sampo drops Storebrand bid.(Sampo Oyj, Storebrand A/S)(Brief Article)(Statistical Data Included)
October 1, 2001... Byline: Nicola Hobday Finnish insurer Sampo Oyj said Oct. 1 it abandoned its lengthy takeover battle for Norwegian counterpart Storebrand ASA, citing the drawn-out process, a decline in Storebrand's value and poor market conditions. ...

Wall Street 10005.(a look at J.P. Morgan Chase and Co. in light of Douglas Warner's retirement)(Brief Article)
October 1, 2001... Byline: Yvette Kantrow A little more than a year ago, Douglas "Sandy" Warner sat atop one of the most storied firms on Wall Street. Last week, his retirement announcement from J.P. Morgan Chase & Co. barely warranted a mention in the...

Rabble Babble.(Internet bulletin board postings in response to acquisitions and mergers)(Statistical Data Included)
October 1, 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!, Raging...

Mead sheds assets for Westvaco deal.(asset-divestiture program includes Gilbert Paper Co. and Western Graphics Corp.)(Brief Article)(Statistical Data Included)
October 1, 2001... Byline: Padraic Cassidy Just one month after announcing its proposed combination with Westvaco Corp., Mead Corp. has begun an asset-divestiture program aimed at meeting the target of $325 million in synergies by the end of 2003 that the...

Hotel M&A feels the chill.(mergers and acquisitions)(Brief Article)
October 1, 2001... Byline: Jonathan Berke Once-flourishing M&A deal flow within the lodging sector has virtually come to a halt, thanks to an economic slump before the terrorist attacks and a fear of flying after them. But despite the situation, Thayer Hotel...

GlobeSpan in discount deal for Virata.(acquisition)(Brief Article)(Statistical Data Included)
October 1, 2001... Byline: Olaf de Senerpont Domis in San Francisco Digital subscriber line chipmaker GlobeSpan Inc. announced Oct. 1 it would acquire smaller rival Virata Corp. for what many observers described as the bargain-basement price of $582 million....

Decision due in Dean Foods, Suiza suit.(Brief Article)
October 1, 2001... Byline: Soma Biswas Merger partners Dean Foods Co. and Suiza Foods Corp. may get a glimpse of the future of Dean's ownership of a 36% stake in White Wave, the soy milk maker, in a Colorado district court decision expected in a few days....

Deal traveler.(listing of acquisitions and mergers worldwide)(Statistical Data Included)
October 1, 2001... Byline: Erica Schlesinger South America Estado and Folha, two communication groups from Brazil, announced a merger which would create one of the largest publishing and printing distribution companies of Latin America. According to South...

Fewer British public-to-private deals in Q3.(Brief Article)
October 1, 2001... Byline: Nicola Hobday LONDON -- Britain's public-to-private market slowed in the third quarter this year, but with stock markets tumbling, some expect that trend to reverse itself. According to a new report by the Centre for Management...

Ross moves to block Gaylord buy.(Wilbur Ross, Gaylord Container)(Brief Article)
October 1, 2001... Byline: David Carey Wilbur Ross, a well-known distressed-debt investor, is seeking to block Temple-Inland Inc.'s pending $786 million purchase of Gaylord Container Corp., charging the deal mistreats Gaylord bondholders. In a lawsuit...

Lucent spins off Celiant, which draws $50M.(Lucent Technologies)(Brief Article)
October 1, 2001... Byline: Vyvyan Tenorio Thick in the middle of asset sales, Lucent Technologies Inc. has now turned to its wireless power amplifier unit, spinning it off after years of development and luring $50 million in venture backing. The company,...

StatementOne gets $5M financing.(Brief Article)
October 1, 2001... LAWRENCEVILLE, N.J. -- StatementOne secured an additional $5 million in "B" round financing, projected to take the company to profitability in the third quarter of 2002. In a press release Thursday, StatementOne said that investors in this...

Taking the pulse of healthcare.(Warburg Pincus)
October 1, 2001... Byline: Vyvyan Tenorio As a healthcare investor, Warburg Pincus has had a longer history than most private equity firms. In 1981, the New York firm raised the first-ever $100 million venture capital fund. In the same year, it...

What's hot -- the week ending Sept. 28.(Brief Article)(Statistical Data Included)
October 1, 2001... Byline: Matthew Wurtzel Whether it was New York City Mayor Rudolph Giuliani urging folks to return to work or a bottleneck of unannounced deals, last week featured a jump in deal flow. The week ending Sept. 28 was the third strongest...

MobileWay racks up $27M round.(Brief Article)
October 1, 2001... Byline: Clifford Carlsen Despite an unlikely U.S. market for wireless data exchange any time soon, MobileWay Inc. has brought in a solid U.S. lead investor in a $27 million second-round investment to cement its European and Asian...

A small Texas biotech fund with grand designs.(Brief Article)
October 1, 2001... Byline: Clifford Carlsen Texas' largest homegrown investment bank group is hoping to take advantage of growing entrepreneurism in the region's medical scientific community, seeding an $11 million investment pool to back biotech...

KnowNow lands $15M.(funding)(Brief Article)
October 1, 2001... Byline: Lou Whiteman A California company selling technology to link corporate applications over the Internet and through firewalls has secured $15 million to market its wares. KnowNow Inc. of Mountain View announced Oct. 1 a second...

Retooled SmartSignal takes in $12M.(Brief Article)
October 1, 2001... Byline: Vyvyan Tenorio Having products and customers has become nearly a prerequisite for being funded these days. So a performance monitoring software company such as SmartSignal Corp. that can claim that, plus broad industrial...

Primedia shutters venture arm.(Brief Article)
October 1, 2001... Byline: Lou Whiteman The venture unit of New York-based Primedia Inc. has been cut off from capital to invest in new companies, officials there confirmed late Oct. 1. Lawrence E. Phillips, managing director of Primedia Ventures,...

AIR2LAN.(includes financial information)(Brief Article)(Statistical Data Included)
October 2, 2001... Jackson, Miss.-based AIR2LAN has received commitments for about $2 million in funding for its Series A round. That consists of $1.3 million of additional funding from outside private investors and strategic partners and $700,000 from AIR2LAN's...

Anthem Inc.(initial public offering)(Brief Article)(Statistical Data Included)
October 2, 2001... Indianapolis-based Anthem Inc. set the price of its IPO at $33 to $37 per share. It will total up to $1.058 billion with 28.6 million shares. Anthem is one of the nation's largest health benefits companies, serving 7 million members in Indiana,...

Arena.(Arena.pl; includes forecasts for financing)(Brief Article)
October 2, 2001... Polish Internet directory company Arena.pl said Friday it is likely to receive additional financing from its investors this week to keep the financially troubled portal operating for at least another month, the Warsaw Business Journal reported....

Canadian Pacific completes five spinoffs.(Fording Inc., Canadian Pacific Railway Ltd, CP Ships Ltd., Fairmont Hotels and Resorts Inc., PanCanadian Energy Corp.)(Brief Article)
October 2, 2001... Calgary-based conglomerate Canadian Pacific Ltd. said Monday it had completed its reorganization, including the spinoffs of its five divisions. The new companies -- Fording Inc., Canadian Pacific Railway Ltd., CP Ships Ltd., Fairmont Hotels &...

Chesapeake finishes exit from U.S. display market.(Chesapeake Corp.)(Brief Article)
October 2, 2001... Richmond, Va.-based Chesapeake Corp. has sold its remaining businesses in paper and consumer displays, marking the company's departure from the U.S. Chesapeake will concentrate on Western European specialty packaging markets for pharmaceuticals...

Coloplast buys SSL unit.(Coloplast A-S; SSL International PLC incontinence unit)(Brief Article)
October 2, 2001... SSL International plc, the British maker of Durex condoms and Scholl footwear, agreed to sell its continence care business to Danish healthcare group Coloplast A/S for [pound]80 million ($118 million) cash. The business changing hands had sales...

Convedia.(includes financial information)(Brief Article)
October 2, 2001... Vancouver, British Columbia-based Convedia Corp., a provider of next-generation media server products, has secured $20 million in its third round of funding. The financing, led by Menlo Park, Calif.-based Mayfield, also included participation...

CyberShift.(CyberShift.com; includes financial information)(Brief Article)
October 2, 2001... Parsippany, N.J., work force management software company CyberShift Inc. announced Monday that it has raised a significant amount of money in its second-round financing. The company declined to reveal the amount. Both investors who took part in...

DRS Tech completes purchase of Boeing unit.(DRS Technologies Inc.)(Boeing Sensors and Electronics Systems)(Brief Article)
October 2, 2001... Parsippany, N.J., defense electronics firm DRS Technologies Inc. said Monday it completed the acquisition of the Sensors and Electronic Systems unit of Boeing Co. for $67 million, adjusted downward from the $84 million announced price in early...

Digital River gains Orbit Commerce.(Digital River Inc. acquires most assets of Orbit Commerce Inc.)(Brief Article)
October 2, 2001... Minneapolis e-commerce outsource provider Digital River Inc. announced Monday that it has acquired substantially all of the assets and related liabilities of Orbit Commerce Inc., an e-business services platform provider for approximately $6.4...

Endeca.(gets venture capital financing)(Brief Article)
October 2, 2001... Cambridge, Mass.-based Endeca, a provider of software for companies that need to integrate, organize and navigate enterprise data, has completed a $15 million second round of venture funding from Ampersand Ventures, Bessemer Venture Partners...

Gamida-Cell.(includes financial information)(Brief Article)(Statistical Data Included)
October 2, 2001... Jerusalem-based Gamida-Cell Ltd. has raised a $9.8 million second round from existing investors Denali Ventures llc, Biomedical Investments Ltd., Elscint Biomedical and the Auriga Fund. All accept the Swiss Auriga are Israeli venture capital or...

Glycodata.(Glycodata Ltd. gets bridge loan)(Brief Article)
October 2, 2001... Ashdod, Israel-based Glycodata Ltd. has received a $2 million bridging loan from Koor Ventures, according to a company official. Founded in 2000, the company completed its first round of financing in September 2000 when it raised $2.5 million...

Granite hires Goldman.(Granite Broadcasting Corp. hires Goldman, Sachs and Co. to evaluate selling Detroit TV station to raise cash)(Brief Article)
October 2, 2001... Debt-laden and cash-strapped television broadcaster Granite Broadcasting Corp. said Monday it has retained Goldman, Sachs & Co. to evaluate "proposals to acquire WDWB-TV," its WB-affiliated station in Detroit, the 10th largest U.S. market....

HeyAnita.(HeyAnita Inc. gets third round of financing)(Brief Article)
October 2, 2001... Voice software provider HeyAnita Inc. of Los Angeles has secured an undisclosed sum in its third round of financing. China Development Industrial Bank Inc., Intel Capital and Softbank Venture Capital. HeyAnita provides technology designed to...

High Speed Access sold to Charter.(High Speed Access Corp.; Charter Communications Inc.)(Brief Article)
October 2, 2001... Charter Communications Inc., a St. Louis, Missouri cable and telecommunications services company chaired by Microsoft Corp. co-founder Paul Allen, agreed to buy the assets of High Speed Access Corp. for $81 million. Charter will assume certain...

IT Masters.(IT Masters Inc. gets 2nd round funding)(Brief Article)
October 2, 2001... E-business systems management software provider IT Masters Inc., based in Brussels and Austin, Texas, said Monday it has secured [Euro]12 million ($10.8 million) in second-round funding from lead investor NeSBIC CTe Fund of the Netherlands. Air...

Invensys plans asset sales.(Brief Article)(Statistical Data Included)
October 2, 2001... British engineering company Invensys plc said Monday it planned to sell some assets to reduce its [pound]3.2 billion ($4.7 billion) debt load but denied it had placed a target on the divestiture program. A press official confirmed that Chief...

NetBotz.(Series C funding )(Brief Article)
October 2, 2001... Network environment and equipment monitoring products maker NetBotz of Austin, Texas, has wrapped up $10 million in Series C funding led by Osprey Ventures LP. Other participants in the round included CenterPoint Ventures, Hill Partners Inc.,...

Paypal Inc.(files initial public offering)(Brief Article)(Statistical Data Included)
October 2, 2001... Palo Alto, Calif.-based Paypal Inc. filed an $80.5 million initial public offering late Friday, without specifying volume or price. Paypal enables businesses and consumers to make and receive payments via e-mail securely and conveniently,...

Raytel management in buyout bid.(Richard Bader, Albert Henry propose buyout of Raytel Medical Corp.)(Brief Article)(Statistical Data Included)
October 2, 2001... Richard Bader, chairman and CEO of Raytel Medical Corp., and Albert Henry, a venture capitalist and former Raytel director, proposed a management buyout of the San Mateo, Calif.-based clinical information service for between $7 and $9 per share...

Reuters closes $373M acquisition of Bridge assets.(Reuters Group PLC, Bridge Information Systems Inc.)(Brief Article)(Statistical Data Included)
October 2, 2001... Reuters Group plc completed its acquisition of most of bankrupt Bridge Information Systems Inc.'s North American assets, with integration costs expected to be $80 million, up from $65 million, on employee-related and consultancy support costs....

SatisFusion.(closes second round of funding)(Brief Article)
October 2, 2001... Long Beach, Calif.-based SatisFusion, an Internet-based developer of after-sales support and retentions infrastructure technology, said Monday it has closed a $7.5 million second round of funding. Opportunity Capital Partners IV LP, led the...

Space Media.(escottVentures II L.L.C. invests in Space Media Inc.)(Brief Article)(Statistical Data Included)
October 2, 2001... Washington, D.C.-based Space Media Inc., a subsidiary of commercial space services company Spacehab Inc., said Monday it has received a $750,000 equity investment from escottVentures II llc. Space Media, which operates the STARS Academy global...

Tomax Corp.(withdraws initial public offering)(Brief Article)(Statistical Data Included)
October 2, 2001... Blaming market conditions, Salt Lake City-based Tomax Corp. withdrew its $49.5 million IPO Friday. In a filing with the Securities and Exchange Commission, Tomax said it "may undertake a subsequent private offering." The company had filed to...

Uniscape.(Uniscape Inc. secures financing)(Brief Article)
October 2, 2001... Software developer Uniscape Inc. of Sunnyvale, Calif., has secured $18.5 million in a Series D round of financing. New investors EDS, Mitsui & Co. Venture Partners and BOS Ventures joined returners Sequoia Capital, Jih Sun Venture Capital and...

e-Island cedes Eircom battle to Valentia.(Valentia Telecommunications Ltd.)(Brief Article)(Statistical Data Included)
October 2, 2001... Irish businessman Denis O'Brien's e-Island consortium said Monday it had allowed its offer for Irish telecom Eircom plc to lapse after receiving acceptances of just 1.5% of the share capital. Rival bidder Valentia Telecommunications Ltd. has...

Keep 'em flying.(Brief Article)
October 2, 2001... Byline: Evan D. Flaschen Much has been written about whether the government should bail out the airlines or allow them to file for bankruptcy. Here's my two cents: BAIL THEM OUT. No, I do not represent any airlines, although in the...

Genesis exits Chapter 11 via merger.(Genesis Health Ventures Inc.)(Brief Article)
October 2, 2001... Byline: Terry Brennan Genesis Health Ventures Inc. became the second of five national nursing home chains to emerge from Chapter 11 bankruptcy when, on Oct. 2, it finalized $515 million in exit financing. Kennett Square, Pa.-based...

SoCal Edison, Calif. reach agreement.(Brief Article)
October 2, 2001... Byline: Danny Fortson SAN FRANCISCO -- Southern California Edison, the utility subsidiary of Rosemead, Calif.-based Edison International, and state regulators reached a settlement Oct. 2 designed to keep the struggling utility out of...

BT won't sell fixed-line unit before wireless.(Brief Article)
October 2, 2001... Byline: Brian Cattell LONDON -- British Telecommunications plc will probably wait until after it has spun off its mobile business before deciding whether to sell part or all of its fixed-line network to private equity buyers, according to...

Loose lips may hurt AT&T.(Brief Article)
October 2, 2001... Byline: Leon Lazaroff As AT&T Corp. contemplates deals involving its cable television or telephone operations, the company's executives and financial advisers must watch what they say and to whom they say it. The U.S. Internal Revenue...

Sun takes $51M charge on bad deals.(Brief Article)
October 2, 2001... Byline: Tyson Freeman Computer hardware giant Sun Microsystems Inc. of Palo Alto, Calif., grew internally for most of its 19-year history, but joined the acquisition fray with a string of deals beginning in 1997. In a 10-K405 SEC filing...

German tobacco giant Reemtsma mulls IPO.(Brief Article)
October 2, 2001... Byline: Nicola Hobday LONDON -- German coffee company Tchibo Holding AG said Oct. 2 it is considering a stock market flotation for Reemtsma, the world's fourth-largest tobacco company. Hamburg-based Reemtsma, in which Tchibo has a...