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The lawyers have not yet reviewed any documents from AOL Time Warner, and the suit arrives at that sum on a critical assessment of the accounting for many of previously disclosed or reported transactions, including the company's many reciprocal exchanges of stock, goods, or advertising with other companies as well as suspected abuses of its online advertising commitments.
A few operators like Henry Silverman at Cendant are leveraging their balance sheets to do deals, but what we're seeing mostly is mergers of equals like Citicorp and Travelers, which are straight exchanges of stock.
Similar(58)
The exchange of stock is valued at about $199.1 million based on Friday's closing price.
The merger is to be accomplished, Mr. Rosenshine explained, through an exchange of stock.
The first option allows for an exchange of stock that would leave Wiltel shareholders with a 13.7percentt stake in Leucadia.
Slack Barshinger in Chicago is absorbing USA Chicago, which specializes in interactive marketing and technology, in an exchange of stock.
Jeffbanks Inc. agreed yesterday to acquire the Regent Bancshares Corporation in an exchange of stock valued at $49 million.
The LVO Corporation said it has agreed in principle to acquire the Parker Drilling Company in an exchange of stock worth about $14‐million.
Analysts expect it to involve an exchange of stock between shareholders of Viacom and shareholders of the 18percentt of Blockbuster already owned by the public.
The statement reiterated that the deal was for cash and did not involve an exchange of stock or an assumption of any Caribiner debt.
Biocraft was acquired by Teva Pharmaceutical Industries, an Israeli manufacturer of generics, in 1996, in an exchange of stock that made Mr. Snyder one Teva's directors.
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