Markets & Finance

Diageo Agrees to Sell Burger King for $1.5 Billion

Posted on December 12, 2002

Diageo (DEO

) agrees to revised sales terms of its Burger King unit to a group composed of Texas Pacific Group, Bain Capital Partners, and Goldman Sachs Capital Partners for $1.5 billion. (12/13)

Computer Sciences (CSC

) agreed to acquire computer-services company DynCorp for about $950 million, including debt. The deal will boost Computer Sciences' government and homeland security business. (12/13)

Barnes & Noble (BKS

) agrees to acquire Sterling Publishing Co., a publisher of how-to titles, for an estimated $100 million. (12/13)

Millennium Bank (MBVA

) says it is in talks with financial institutions that could lead to merger or acquisition of the company. (12/11)

Sports Club (SCY

) says it will explore various strategic alternatives involving the company, including going into a private deal with certain principal shareholders. (12/11)

Taubman Centers (TCO

) rejects Simon Property Group's (SPG

) takeover bid of $18 per TCO share. (12/11)

Hughes Electronics (GMH

) and EchoStar Communications (DISH

) reach a settlement to terminate their proposed merger. DISH paid GMH $600 million in cash, and GMH will keep its 81% stake in PanAmSat (SPOT

). (12/10)

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