DELACO HAS FILED FOR BANKRUPTCY PROTECTION
Date: 14 February 2004
By Bloomberg News
Bloomberg News
Delaco Co, successor to company that created appetite suppressant Dexatrim, files for bankruptcy protection to deal with hundreds of personal-injury and wrongful-death suits; suits claim phenylpropanolamine, ingredient that was used in appetite-suppressant products including Dexatrim, is linked to hemorrhagic strokes; Thompson Medical Co, which created Dexatrim and later merged with Delaco, sold brand in 1998 to Chattem; neither Delaco nor Thompson have made products containing phenylpropanolamine since 1998 (S)
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PLAINS EXPLORATION TO ACQUIRE NUEVO ENERGY
Date: 13 February 2004
By Bloomberg News
Bloomberg News
Plains Exploration and Production Co acquires Nuevo Energy Co for about $594 million in stock to gain more oil assets in California (S)
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FOOTSTAR CONSIDERS FILING FOR BANKRUPTCY PROTECTION
Date: 13 February 2004
By Bloomberg News
Bloomberg News
Footstar will file for Chapter 11 bankruptcy protection if it cannot secure financing or sell assets to ease shortage of cash; is being investigated by Securities and Exchange Commission (S)
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XO BUYS MOST OF ALLEGIANCE FOR $628 MILLION
Date: 14 February 2004
By Bloomberg News
Bloomberg News
XO Communications, controlled by fina
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VALEANT PHARMACEUTICALS AGREES TO PURCHASE AMARIN
Date: 13 February 2004
By Bloomberg News
Bloomberg News
Valeant Pharmaceuticals International acquires Amarin Corp's US operations for as much as $56 million; purchase gives Valeant rights to Parkinson's disease drug Permax, and to Zelapar, another Parkinson's treatment being developed by Elan Corp and R P Scherer unit of Cardinal Health (S)
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CHICAGO EQUITY COMPANY TO BUY PRESTIGE BRANDS
Date: 13 February 2004
By Bloomberg News
Bloomberg News
GTCR Golder Rauner acquires Prestige Brands, maker of household cleaning and personal care products, from MidOcean Partners (S)
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VERIZON WIRELESS AND NEXTEL AGREE TO END LAWSUITS
Date: 14 February 2004
By Bloomberg News
Bloomberg News
Verizon Wireless and Nextel Communications end two lawsuits over walkie-talkie telephones and advertising; Verizon agrees to drop claims that Nextl misused prototypes of its new telephones and Nextel agrees to drop suit that said Verizon Wireless's advertising was misleading; still pending is Verizon Wireless's lawsuit challenging Nextel's right to trademark phrase 'Push to Talk' (S)
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BPB, A GYPSUM MAKER, IS PLANNING A PLANT IN U.S.
Date: 14 February 2004
By Bloomberg News
Bloomberg News
BPB plans to build $100 million plant in Roxboro, NC, to expand wallboard production (S)
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AETNA REPORTS A SHARP RISE IN 4TH-QUARTER EARNINGS
Date: 13 February 2004
By Bloomberg News
Bloomberg News
Aetna raises its profit forecast for 2004 after reporting its quarterly earnings more than doubled, to $249.5 million; revenue declined to $4.57 billion from $4.72 billion (S)
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TRUMP HOTELS TO GET HELP TO RESTRUCTURE DEBT
Date: 13 February 2004
By Bloomberg News
Bloomberg News
Trump Hotels and Casino Resorts Inc says Credit Suisse First Boston's private equity unit will invest $400 million and become majority shareholder in attempt to restructure company's debt; Donald J Trump, who controls 47 percent of company, will remain chairman and 'significant equity holder' (S)
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