Excerpt: Apple Takes $150 Million from Microsoft Apple’s stock surged $6.56 to close at $26.31 – a rise of 33 percent – in the wake of the announcements. Of course, Microsoft had already set its buying price based on “an average of recent trading,” said Microsoft CFO Greg Maffei, meaning the Redmond Empire got a […]
Excerpts: Entrust Technologies: A Proposal to John Sheldon and Steve Baronoff Entrust provides software products that address the growing need for security in electronic transmissions by providing encryption and authentication through its public key management system. Based on reviews, the Entrust product is the leader in standards-based, cross-platform public key certificate management for corporate use.
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Excerpts: Entrust Technologies: A Proposal to John Sheldon Nortel is offering an equity interest in Entrust Technologies. Entrust provides a complete solution of encryption and authentication through various public key management systems. Entrust is in its final beta and will be released in late January. Entrust provides a comprehensive security product based on public key
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Excerpts: Morgan Stanley Realty touches real estate’s biggest deals In fact, Morgan Stanley & Co. has been involved in the real estate industry longer than any other Wall Street-based investment banking firm, some 25 years. Today, the Morgan Stanley Realty team is part of a global company with offices in London, Hong Kong, Tokyo, New
Excerpt: SocGen forms joint venture with Bannon Further expanding its presence in the U.S. investment banking arena, Societe Generale, U.S.A. has teamed up with the West Coast boutique Bannon & Co. in a joint venture to go after the media, entertainment and communications market. A supervisory committee has been created to oversee the venture. The
Excerpts: Kohlberg Kravis Will Buy Kindercare for $467 Million Kohlberg Kravis Roberts & Company said yesterday that it had agreed to buy Kindercare Learning Centers Inc., the nation’s largest preschool and child care company, for approximately $467 million, or $20.25 a share. Kohlberg Kravis made the announcement along with Kindercare and Oaktree Capital Management L.L.C.,
Excerpts: KKR, on Buying Spree, Will Acquire KinderCare Kohlberg Kravis Roberts & Co., continuing its recent spate of acquisitions, said it would acquire KinderCare Learning Centers Inc. for $20.25 a share, or about $470 million, plus the assumption of debt. KinderCare is the nation’s largest provider of child-care services, with 1,148 child-centers in 38 U.S.
Excerpt: Ryder Selling Truck Unit To Questor Questor Partners Fund L.P. agreed today to buy the consumer truck rental division of Ryder System Inc. for about $575 million in cash, allowing Ryder to focus on its other businesses. The division owns a fleet of 33,000 trucks that are rented nationwide through a network of about
Excerpts: Apple Changes Structure of Its Top Management Apple Computer Inc. Chief Executive Gilbert F. Amelio has changed the company’s top management structure, choosing six executives to report to him directly, the company announced late Thursday. The changes, which take effect next week, create a layer of six managers just below Amelio. They are the
