BRIEFCASE GUITAR CENTER INC. PLUCKS UP M&M.Byline: - Staff and Wire Services WESTLAKE VILLAGE - Guitar Center Inc. said on Monday it has completed its $6.8 million acquisition of M&M Music, a band-instrument retailer that serves more than 200 schools in the South. The deal, which includes five M&M stores, involves Guitar Center's subsidiary, American Music. Each of the M&M stores in Georgia and Florida will be converted to the American Music brand. Shares of Westlake Village-based Guitar Center declined 22 cents to close at $18.99 Monday. Northrop extends TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc stock offer CENTURY CITY - Defense giant Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Corp. on Monday announced it has extended its uninvited un·in·vit·ed adj. Not welcome or wanted: uninvited guests. uninvited Adjective not having been asked: uninvited guests $6.7 billion stock offer for TRW Inc. for a week even as it continues to review the defense, aerospace and automotive products company's financial information. The previous deadline of last Friday was extended until this Friday evening, Northrop said in a news release. Northrop filed its stock swap A stock swap also known as a share swap or equity swap is a business takeover in which the acquiring company uses its own stock to pay for the acquired company. offer for TRW with the Securities and Exchange Commission on March 4, but agreed last month to delay its bid while it examines TRW's private records under a confidentiality agreement. Last week, TRW agreed to sell its aeronautical aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau system businesses to
aerospace parts maker Goodrich Corp. for $1.5 billion in cash. The
agreement, set to close by the end of the fourth quarter, is subject to
approval by U.S. and European regulators.
It was not immediately clear how that deal might affect Northrop's $53 a share bid for TRW, which TRW said was too low. Gemstar shares plunge The term Plunge has multiple meanings:
PASADENA - Shares of Gemstar-TV Guide plunged to a 52-week low as investors reacted to a preliminary ruling on a highly watched patent dispute. Shares of the company were down $3.20, or 39 percent, to close at $5 in trading Monday on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . Shares fell an additional 8 cents in extended trading. The company tried to reassure re·as·sure tr.v. re·as·sured, re·as·sur·ing, re·as·sures 1. To restore confidence to. 2. To assure again. 3. To reinsure. investors Monday that the ruling Friday would not affect current relationships with cable companies that license its interactive program guide or the consumer electronics and other parts of its business. T-bill rates fall to 5-month low WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction. The Treasury Department sold $17 billion in three-month bills at a discount rate of 1.68 percent, down from 1.7 percent last week. An additional $15 billion was sold in six-month bills at a rate of 1.765 percent, down from 1.8 percent. Both the three-month and six-month rates were the lowest since Jan. 22 when the bills sold for 1.67 percent and 1.735 percent, respectively. |
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