EFFICIENT NETWORKS HALTS PLAN TO BUY NETSCREEN
Date: 06 June 2000
By Bloomberg News
Bloomberg News
Efficient Networks Inc, biggest maker of high-speed modems for telephone networks, drops plan to buy NetScreen Technologies Inc for stock; transaction was valued at $834.2 million when agreement was first announced in March (S)
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BEASLEY BROADCAST TO BUY STATIONS FOR $138 MILLION
Date: 06 June 2000
By Bridge News
Bridge News
Beasley Broadcast Group, owner of radio stations, to pay Centennial Broadcasting LLC about $138 million for three Las Vegas radio stations and three New Orleans stations; under terms of deal, Centennial's president and chief executive, will become Beasley's vice chairman and co-chief operating officer (S)
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CHERRY CORPORATION ACCEPTS BUYOUT BID FROM CHAIRMAN
Date: 06 June 2000
By Bloomberg News
Bloomberg News
Cherry Corp, an electrical switch maker, accepts sweetened buyout offer of $26.40 a share, or about $128 million, from its chairman, Peter Cherry, and affiliates for the 48 percent of the company that they do not already own (S)
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Coulthard Notches Second Victory
Date: 05 June 2000
By Bloomberg News
Bloomberg News
David Coulthard wins Monaco Grand Prix auto race (S)
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Metro Business; Mack-Cali Sells Building
Date: 06 June 2000
By Bloomberg News
Bloomberg News
Mack-Cali Realty agrees to sell 475,100-square-foot building in Morris Township, NJ, for $82.7 million (S)
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MOTOROLA AND SEGA COLLABORATION
Date: 06 June 2000
By Bloomberg News
Bloomberg News
Motorola Inc and video game maker Sega Enterprises say they will develop mobile phones able to retrieve games from the Internet; two companies will develop software that can transmit images fast enough to let users play video games on their phones; graph on Sega stock performance (S)
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TELEFONICA TO BUY INTERNET CONCERN
Date: 06 June 2000
By Bloomberg News
Bloomberg News
Telefonica of Spain to buy Bertelsmann's Internet network operator, Mediaways, for $1.6 billion in stock (S)
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Metro Business; New Jersey Insurer Is Sold
Date: 06 June 2000
By Bloomberg News
Bloomberg News
Brown & Brown, ninth-largest independent insurance agency in United States, says that it has acquired Bowers, Schumann & Welch (S)
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BAA PROFIT FALLS
Date: 06 June 2000
By Bloomberg News
Bloomberg News
BAA, world's biggest airport operator, says second-half profit fell 8.2 percent to 145 million pounds ($219 million), from 158 million pounds in same period year earlier (S)
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As Rate Fears Ebb, Treasury Yields Fall
Date: 06 June 2000
By Bloomberg News
Bloomberg News
Yields on Treasury securities fall to six-week lows on expectations that the Federal Reserve will not need to raise interest rates as much as forecast to slow the economy; 30-year bond's yield falls to 5.92 percent, from 5.94 percent, with price rising 12/32, to 104 21/32; chart; graph on 3-month Treasury bills (S)
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