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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: kathyh who wrote (23690)4/5/1999 12:36:00 PM
From: MrThesp  Respond to of 90042
 
<<GEC has...about 15 billion dollars>> Sold! 135 bucks a share. ;-)



To: kathyh who wrote (23690)4/5/1999 12:36:00 PM
From: MARK C.  Read Replies (2) | Respond to of 90042
 



BAe pays $12.9 billion for GEC unit
DaimlerChyrsler denounces move

By Suzanne Miller, CBS MarketWatch
Last Update: 12:28 PM ET Jan 19, 1999

LONDON (CBS.MW) -- In a move likely to inspire more consolidation in the defense industry, British Aerospace Plc on Tuesday said it's buying Britain's General Electric Co.'s Marconi unit for the equivalent of $12.9 billion.