Gannett Chain Strengthens Its Presence In New Jersey by Buying 2 Newspapers
Date: 07 August 1997
By David M. Halbfinger
David
Gannett Co agrees to buy The Asbury Park Press and The Home News and Tribune of East Brunswick, putting media chain in position to dominate southern two-thirds of New Jersey and turning central New Jersey into battleground with Star-Ledger of Newark; terms of transaction are not disclosed; agreement ends family control of two papers, which were founded separately in 1879 but have been commonly owned by New Jersey Press Inc since 1995; deal must be approved by Justice Dept; photos (M)
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SULLIVAN BROADCASTING TO BUY TV STATION FOR $60 MILLION
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Sinclair Broadcast Group Inc will sell KOKH-TV in Oklahoma City to Sullivan Broadcasting for $60 million in cash, eliminating obstacle to its planned $630 million acquisition of Heritage Media Corp's television and radio stations (S)
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PACIFIC ENTERPRISES AND ENOVA TO BUY AIG TRADING
Date: 08 August 1997
By Bloomberg News
Bloomberg News
Enova Corp and Pacific Enterprises will acquire AIG Trading Corp for $190 million in cash (S)
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NORTHERN TELECOM WINS GERMAN WIRELESS CONTRACT
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Northern Telecom Ltd beats European rivals in winning contract valued at as much as $290 million from Viag Interkom to supply wireless networking equipment for new system being built in Germany (S)
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INVESTOR GROUP OFFERS $1.4 BILLION FOR FISHER
Date: 08 August 1997
By Bloomberg News
Bloomberg News
Investor group led by Thomas H Lee Companies will acquire Fisher Scientific International for $1.4 billion, thwarting $1 billion unsolicited offer by Bass Group (S)
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GTECH AND NTN COMMUNICATIONS CANCEL MERGER DEAL
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Gtech Holdings Corp cancels plans to buy NTN Communications Inc for $140 million (S)
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STAAR SURGICAL GETS F.D.A. APPROVAL FOR LENS TESTS
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Staar Surgical Co receives Food and Drug Administration approval to begin second phase of clinical trials of implantable contact lenses to correct nearsightedness (S)
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VENTURE STORES IS SELLING STAKES IN 49 STORES TO KIMCO
Date: 08 August 1997
By Bloomberg News
Bloomberg News
Venture Stores Inc sells stakes in 49 stores to Kimco Realty Corp for $135 million; Kimco also gets right to buy 21 more properties in next five years; moves are part of by plan by Venture to transform itself from discount retailer to seller of more profitable items (S)
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CHOICEPOINT SAYS IT HAS CALLED OFF ACQUISITION OF KROLL
Date: 08 August 1997
By Bloomberg News
Bloomberg News
Choicepoint Inc calls off acquisition of Kroll Associates, citing inability of both companies to reach final agreement (S)
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CARR-GOTTSTEIN HAS LOSS AFTER CHARGE TO CLOSE UNITS
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Carr-Gottstein Foods Company reports second-quarter 1997 loss of $5.1 million, after taking pre-tax loss of $8.9 million (S)
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