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Pages in category "1997 mergers and acquisitions" The following 82 pages are in this category, out of 82 total. This list may not reflect recent changes. A.
The development of the control systems included the development of control software, and development of scanning sensors to measure different properties of paper. The company was acquired by Honeywell in March 1997, [ 2 ] at a price tag of almost $ 600 million.
HFS and CUC combined in a "merger of equals" on December 18, 1997, to form Cendant Corporation. [26] [27] As part of the merger, Silverman announced he would reduce his day-to-day involvement with the company and assume the company's chairmanship in preference of CUC's founder and CEO Walter Forbes.
Just five months later the newly combined Firstar announced in May 1999 the pending acquisition of St. Louis-based Mercantile Bancorporation for $10.6 billion in stock. [51] [52] The acquisition was completed in September 1999. [53] After the merger, Jerry Grundhofer remained as president and chief executive officer of Firstar. [52]
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]
In April 2014, BBVA USA opened its renovated Development Center. [20] In 2014, BBVA Compass disclosed that the results of its periodic examination for compliance with the Community Reinvestment Act (CRA) would probably restrict its ability to engage in additional mergers and acquisitions until after its next scheduled examination.
Following Boeing's 1996 acquisition of Rockwell's North American division, McDonnell Douglas merged with Boeing in August 1997 in a US$13 billion stock swap, with Boeing as the surviving company. [ 1 ] [ 55 ] Boeing introduced a new corporate identity based on the McDonnell Douglas logo, which showed the globe being encircled in tribute to the ...
Robert W. Stearns, Compaq's senior vice president for business development, with responsibility for mergers and acquisitions, had opposed the acquisition of Digital as the cultural differences between both companies were too great, and complained that he was placed on the "B team" as a result. [79] Compaq entered 1999 with strong expectations.