REPUBLIC INDUSTRIES TO BUY USED-CAR FRANCHISER
Date: 23 April 1998
By Bloomberg News
Bloomberg News
Republic Industries Inc buys Driver's Mart Worldwide Inc, franchiser of used-car superstores, for $40 million in cash to accelerate rollout of its Autonation USA used-car megastores; company is headed by H Wayne Huizenga (S)
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FORSTMANN LITTLE TO CUT ITS GULFSTREAM STAKE IN HALF
Date: 22 April 1998
By Bloomberg News
Bloomberg News
Forstmann Little & Co plans to sell about half its stake in Gulfstream Aerospace Corp, raising about $675 million before expenses (S)
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CONSOLIDATED NATURAL GAS TO DROP WHOLESALE BUSINESS
Date: 22 April 1998
By Bloomberg News
Bloomberg News
Consolidated Natural Gas Co will drop its money-losing gas marketing and trading business, resulting in pretax first-quarter charge of up to $75 million; company will dismiss all 125 employees of division, or about 2 percent of its work force; Consolidated will focus on selling gas to residential and small business customers, as well as its natural gas and oil exploration and gas pipeline operations (S)
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CIGNA INCREASES ITS SHARE REPURCHASE PROGRAM
Date: 23 April 1998
By Bloomberg News
Bloomberg News
Cigna Corp increases its share repurchase program by as much as $750 million as insurers's shareholders approve 3-for-1 stock split (S)
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LEGG MASON IS NEGOTIATING TO ACQUIRE A HEDGE FUND
Date: 22 April 1998
By Bloomberg News
Bloomberg News
Legg Mason Inc is in talks to buy hedge fund because wealthy clients want investments that could protect them if financial markets decline; Edward Taber, head of broker's asset management unit, says firm, which he declines to name, has 'well over' $1 billion in assets under management (S)
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ALLIED DIGITAL CONSIDERS A $68 MILLION TAKEOVER OFFER
Date: 22 April 1998
By Bloomberg News
Bloomberg News
Allied Digital Technologies Corp receives acquisition offer from undisclosed company for about $68 million (S)
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CMG INFORMATION STOCK HITS HIGH ON PLANS FOR SPLIT
Date: 22 April 1998
By Bloomberg News
Bloomberg News
CMG Information Services says it will split its common stock 2 for 1 as its shares reach 52-week high of $100 (S)
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APPLIED CELLULAR SEEKS PLAN TO INCREASE STOCK PRICE
Date: 23 April 1998
By Bloomberg News
Bloomberg News
Applied Cellular Technology Inc plans to hire investment banker to help it explore ways to increase its share price, including mergers and joint ventures (S)
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HARRIS TO BUY PHOTOCOPIER OPERATION FROM BAYER UNIT
Date: 23 April 1998
By Bloomberg News
Bloomberg News
Harris Corp says its Lanier Worldwide unit agrees to buy photocopier-system unit of Agfa-Gavaert Group, subsidiary of Bayer AG, for undisclosed price (S)
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Hillenbrand to Sell Unit
Date: 22 April 1998
By Bloomberg News
Bloomberg News
Hillenbrand Industries agrees to sell its Medeco Security Locks Inc unit to Assa Abloy AB of Sweden for undisclosed amount (S)
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