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Federated nixes bid by Campeau, questions 2d. (department stores)
Federated nixes 1st bid by Campeau, questions 2d
The battle for Federated Department Stores is likely to heat up further this week in the wake of the Cincinnati-based retailer's rejection of Campeau Corp.'s $47-a-share merger offer and its challenge to Campeau's ability to finance a $61-a-share deal.
Campeau may respond with a higher offer, proof that it can finance a deal, or both. In addition, Federated may reveal its defensive plans, one of which reportedly is a leveraged buyout done in cooperation with Kohlberg Kravis Roberts, here.
In a chilly letter to Robert Campeau, chairman of Campeau Corp., Howard Goldfeder, chairman of Federated, said …
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- Campeau sets 50-100 malls in next decade. (Campeau Corp., department stores)
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Magazine article from: Footwear News
Kryhul, Angela
July 4, 1988
700+ words
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- Campeau's $73.50 captures Federated. (Campeau Corp.; Federated Department...
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Magazine article from: Footwear News
Forman, Ellen
April 4, 1988
700+ words
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- Macy's, Campeau lock horns over Federated. (department stores)
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Magazine article from: Footwear News
Rutberg, Sidney
March 7, 1988
700+ words
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- Federated will consider Campeau $68 share bid. (Federated Department Stores)
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Magazine article from: Footwear News
Rutberg, Sidney
February 29, 1988
700+ words
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- Campeau, Macy face showdown. (for Federated Department Stores)
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Magazine article from: Footwear News
Rutberg, Sidney
March 14, 1988
700+ words
