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In 1991, the company was sold to Barings for $122 million. [8] Barings went bankrupt and in 1995, management bought back the firm. [9]In 1997, the company was sold to Swiss Bank Corporation in 1997 and merged with S. G. Warburg & Co., to become Warburg Dillon Read.
In 1997, it was acquired by Marsh McLennan for $1.8 billion. [ 4 ] [ 5 ] Of the sale proceeds, $1.01 billion went to J&H's active directors and shareholding managing principals, $500 million was earmarked for 600 key J&H employees, and $297 million was paid to 40 retired directors; however, the retired directors sued, alleging that they were ...
A series of mergers and acquisitions began when Universal Studios (then a division of the Seagram Company) bought a majority stake in October Films in 1997. [2] Universal then sold its shares to Barry Diller in 1999, who renamed the company USA Films and merged it with Interscope Communications and Gramercy Pictures. [3]
1997 Bankers Trust: Alex. Brown & Sons: Bankers Trust (BT Alex. Brown & Sons) 1997 Swiss Bank Corporation: Dillon, Read & Co. Swiss Bank Corporation (Warburg Dillon Read) 1997 Travelers Group: Salomon Brothers: Travelers Group (Salomon Smith Barney) 1997 Dean Witter Discover & Co. Morgan Stanley: Morgan Stanley Dean Witter: 1998 Union Bank of ...
The company grew rapidly in the 1990s, after completing several mergers and acquisitions. WorldCom's first major acquisition was in 1992 with the $720 million acquisition of Advanced Telecommunications Corporation, outbidding larger rivals Sprint Corporation and AT&T to secure the deal, making WorldCom a larger player in the telecoms market. [5]
Sagent Advisors was an independent investment bank focused on providing financial advice on mergers & acquisitions, sales, divestitures, and private financing solutions.The firm focused on transactions in several core industry sectors, including Aerospace, Defense & Technology, Financial Institutions, Industrial, Automotive, Retail & Consumer and Technology, Media and Telecommunications. [1]
Yahoo's first acquisition was the purchase of Net Controls, a web search engine company, in September 1997 for US$1.4 million. As of April 2008, the company's largest acquisition is the purchase of Broadcast.com, an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire. Most of the companies acquired ...