CISCO SYSTEMS TO PAY $143 MILLION FOR MAXCOMM
Date: 19 August 1999
By Bloomberg News
Bloomberg News
Cisco Systems Inc agrees to buy Maxcomm Technologies Inc for $143 million in stock; Cisco says it paid $49 million for 4 percent stake in Akamai Technologies Inc (S)
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PLANET HOLLYWOOD PLANS CHAPTER 11 FILING
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Planet Hollywood International Inc plans to file for Chapter 11 bankruptcy protection; company says it is trying to get creditors to approve plan that would bring new capital of $30 million from group that includes two of its largest shareholders, Prince Walid bin Talal of Saudi Arabia and Ong Beng Seng, a Singapore hotelier; group would own 70 percent of reorganized company (S)
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CALLAWAY GOLF NAMES A SUCCESSOR TO COMPANY FOUNDER
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Callaway Golf Co appoints Chuck Yash president, succeeding Ely Callaway, company's founder; Yash will also succeed Callaway as chief executive by Dec 31, 2000, or when Callaway quits active management of company; Yash, president and chief executive of Callaway Golf Ball Co, will continue to head subsidiary (S)
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TYCO INTERNATIONAL SHEDS SOME NONVALVE BUSINESSES
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Tyco International Ltd sells some nonvalve portions of its flow-control business for undisclosed price to company formed by DLJ Merchant Banking Partners II LP, merchant banking fund of Donaldson, Lufkin & Jenrette Inc; businesses sold include Mueller Co and Grinnell Supply Sales and Manufacturing units (S)
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MAJORITY OWNER OF SIMMONS TO ADD A BEDDING RETAILER
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Fenway Partners Inc, investment firm with majority stake in Simmons Co, bedding maker, acquires retailer Mattress Giant Corp for undisclosed price (S)
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CEL-SCI RECEIVES UNSOLICITED $124 MILLION BID
Date: 19 August 1999
By Bloomberg News
Bloomberg News
Cel-Sci Corp says it has received unsolicited cash offer of $124 million from unidentified persion in Argentina; Cel-Sci says it has been unsuccessful in trying to reach person who made offer and that it is unable to determine whether offer is legitimate (S)
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LIZ CLAIBORNE GIVES DETAILS OF DEAL WITH JEANS MAKER
Date: 19 August 1999
By Bloomberg News
Bloomberg News
Liz Claiborne Inc says in regulatory filing that it will pay as much as $135 million for its 85 percent stake in Lucky Brand Dungarees Inc; Liz Claiborne completed its purchase of Lucky Brand on June 8 (S)
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MEADOWBROOK AND INVESTOR TO BUY KSL GOLF COURSE UNIT
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Meadowbrook Golf Group Inc teams up with financier Leon Black to acquire KSL Fairways Golf Corp, golf course unit of KSL Recreation Corp; terms undisclosed (S)
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BANK OF NEW YORK TO BUY ESTABROOK, A MONEY MANAGER
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Bank of New York agrees to buy Estabrook Capital Management; terms undisclosed (S)
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News Corp.'s Earnings Fell In 4th Quarter
Date: 19 August 1999
By Andrew Pollack
Andrew Pollack
News Corp's earnings before extraordinary item fell 20 percent in its fourth fiscal quarter; reports after-tax earnings of $214 million for three months ended June 30, down from $266 million in year-earlier quarter; revenue for quarter edged up to $3.27 billion from $3.24 billion in 1998; Fox Entertainment Group, which is 83 percent owned by News Corp, says net income in quarter ended June 30 jumped to $35 million from $3 million a year earlier; revenue increased more than 12 percent, to $1.97 billion from $1.75 billion (M)
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