BUSINESS NOTES MEDTRONIC PUTS WRAPS ON 2 DEALS.Byline: - Staff and Wire Services NORTHRIDGE - Medtronic Inc. said Tuesday that it has completed its $3.8 billion acquisitions of MiniMed Inc. and Medical Research Group Inc., putting the Fridley, Minn.-based company into the lucrative market for diabetes treatment. The acquisitions include a cash purchase price of $48 per share for approximately 64.9 million MiniMed shares and about $400 million in cash for MRG MRG Merge MRG Minority Rights Group International MRG Mad River Glen (Vermont) MRG Mouvement des Radicaux de Gauche (French: Left Radical Movement) MRG Manyetik Rezonans Görüntüleme . The acquisitions were first announced May 30. MiniMed and MRG will be combined to create Medtronic MiniMed. Terry Gregg, former president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of MiniMed, will lead the organization as its president. No rescue in sight for Save.com firm Save.com, a print-at-home Internet coupon company based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , wasn't able to save itself, announcing Tuesday that it had closed. Save.com launched one of the first consumer package goods print-at-home Internet coupon programs in September 1999, said Chief Executive Officer Suzie Brown. A company statement said management's ``inability to attract a large enough number of advertisers, coupled with a tight capital market, resulted in Save.com's closure.'' USC An abbreviation for U.S. Code. introduces accounting dean Randolph P. Beatty is the new dean of the University of Southern California's School of Accounting within the Marshall School of Business The Marshall School of Business (also known as USC Marshall School of Business) is the business school at the University of Southern California. It is the largest of USC's 17 professional schools. The current Dean is James G. Ellis. , USC announced Tuesday. He also holds the newly established Alan I. Casden Endowed Dean's Chair. Beatty joins USC after a nine-year tenure at Southern Methodist University's Edwin L. Cox School of Business The SMU Cox School of Business offers a full range of business education programs, including BBA, full-time MBA, Professional MBA (PMBA), Executive MBA (EMBA), Master of Science in Management (MSM), Master of Science in Accounting (MSA), Master of Science in Entrepreneurship (MSIE) in Dallas, Texas, where he was distinguished professor of accounting. Puck group plans Spago in Hawaii BEVERLY HILLS - Wolfgang Puck's Beverly Hills-based restaurant group will open another Spago in the Four Seasons Resort Maui The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. at Wailea in December, it was announced Tuesday. Construction is scheduled to begin in early October to remodel re·mod·el tr.v. re·mod·eled also re·mod·elled, re·mod·el·ing also re·mod·el·ling, re·mod·els also re·mod·els To make over in structure or style; reconstruct. a space currently occupied by another eatery, according to the Wolfgang Puck Fine Dining Group. Puck and Corporate Chef Lee Hefter's menu at Spago will feature a fusion of Hawaiian and California cuisine with Pacific Rim flavors. Shareholder fight to end in election DALLAS - Shareholders of Computer Associates International Inc. prepared for a board election today that will result in an endorsement of current management or a sharp rebuke from a Texas financier. The proxy fight Proxy Fight When a group of shareholders are persuaded to join forces and gather enough shareholder proxies to win a corporate vote. This is sometimes also referred to as a proxy battle. Notes: This term is mainly used in the context of takeovers. backed by Sam Wyly, a billionaire and former software magnate, has resembled a populist political campaign dominated by negative advertising. Wyly attacked founder and chairman Charles Wang and other executives for their lavish salaries and stock packages, accused the company of mistreating employees and customers and insisted that Computer Associates' stock has underperformed over the past five years. Future of Bayer linked to Roche BERLIN - Germany's Bayer AG said Tuesday that it could decide the future of its drug business as soon as next month, as its shares rallied on hopes a rival might pay $20 billion for the division hurt by the recall of an anti-cholesterol drug. Shares of Bayer, Germany's biggest drugmaker and the inventor of aspirin, rose as much as 5.3 percent in early Frankfurt trading on media reports that Roche Holding AG had made the preliminary bid. But Roche, which had been highlighted as a potential suitor SUITOR. One who is a party to a suit or action in court. One who is a party to an action. In its ancient sense, suitor meant one Who was bound to attend the county court, also, one who formed part of the secta. (q.v.) once before, said in response that no negotiations have taken place. |
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