ACQUISITION OF PRUDENTIAL HEALTHCARE IS COMPLETED
Date: 07 August 1999
By Bloomberg News
Bloomberg News
Aetna Inc., the biggest United States health insurer, said yesterday that it had completed its acquisition of Prudential Healthcare for about $1 billion, after wrestling with outside objections to the acquisition for more than half a year. The purchase, Aetna's third of a managed health care company since 1996, will add about 5.5 million health insurance customers. The transaction also lets Prudential Healthcare's parent, the Prudential Insurance Company of America, shed a money-losing business as it converts to a stock company from one owned by policyholders.
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REDUCTION IN PRICE SET FOR FOLGERS COFFEE
Date: 07 August 1999
By Bloomberg News
Bloomberg News
Procter & Gamble Co to cut recommended retail price for its Folgers brand coffee by 10 cents a 13 ounce can to reflect drop in raw bean prices (S)
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NORWOOD PROMOTIONAL TO BUY ADVERTISING UNLIMITED
Date: 07 August 1999
By Bloomberg News
Bloomberg News
Norwood Promotional Products Inc to buy Advertising Unlimited Inc from R L Polk & Co for about $150 million in cash (S)
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IN REORGANIZATION, STERLING TO DISMISS 200 WORKERS
Date: 06 August 1999
By Bloomberg News
Bloomberg News
Sterling Commerce Inc says it will dismiss about 200 employees, or 8 percent of its work force, as it reorganizes its product development, marketing, sales and services department (S)
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LYCOS PURCHASES CLOSELY HELD MEDIA SCIENCE
Date: 07 August 1999
By Bloomberg News
Bloomberg News
Lycos Inc buys Media Science Inc for $38.8 million in stock (S)
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CORNING CONSUMER IS PAYING $133 MILLION FOR EKCO
Date: 06 August 1999
By Bloomberg News
Bloomberg News
Corning Consumer Products Co, unit of the buyout firm Kohlberg Kravis Roberts & Co, to buy Ekco Group Inc Nashua, NH, for $133.7 million (S)
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INVESTMENT IN EARLY-STAGE E-BUSINESS IS STARTED
Date: 07 August 1999
By Bloomberg News
Bloomberg News
International Business Machines Corp buys 3.75 million Internet Capital Group Inc shares in initial public offering for $45 million (S)
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CARLTON COMMUNICATIONS PLANS REAL IMAGE INVESTMENT
Date: 07 August 1999
By Bloomberg News
Bloomberg News
Carlton Communications PLC's Technicolor unit agrees to buy 49 percent stake in Real Image for $23 million in cash; may invest added $60 million and take 11.5 percent more of Real Image (S)
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CARDINAL HEALTH AGREES TO BUY DRUG PACKAGER
Date: 06 August 1999
By Bloomberg News
Bloomberg News
Cardinal Health Inc to buy Automatic Liquid Packaging Inc for about $390 million in stock (S)
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BOSTON SCIENTIFIC CUTS ITS 1999 PROFIT OUTLOOK
Date: 07 August 1999
By Bloomberg News
Bloomberg News
Boston Scientific Corp voluntarily recalls systems used to break up plaque deposits in blood vessels; says recall will hurt second-half earnings (S)
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