Yet more mergers.(SBC Communications to buy Ameritech)(includes other international business news)(Brief Article)
Economist (US), The, May, 1998
Two of America's biggest local-telephone companies are to merge, which will reduce the number of Baby Bells, originally seven, to four. Acquisitive SBC Communications is paying $62 billion for Chicago-based Ameritech in what will be the second-biggest takeover ever in a recent spate of whopping mergers.
That was by far the biggest of the mergers announced, but there were others: Jefferson Smurfit's $6.5 billion bid for Stone Container, to form the world's biggest paper-packager; Baker Hughes' $5.5 billion bid for Western Atlas to form an oilfield-services business; Monsanto's $4.2 billion bid for two biotech seed companies to give it a leading position in the crop-genetics industry.
With bids whirling about it, the administration said it will review...
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