OGJ Newsletter

U.S. INDUSTRY SCOREBOARD 6/21 [43,579 bytes] While one planned industry takeover appears to be nearing a resolution, two other proposed mergers are being scrutinized more closely. The Saga takeover bid story is winding down, with Saga's board recommending that shareholders accept the Norsk Hydro offer (see story, p. 24). But a last-minute move by rival Elf could mean more grappling between the firms vying for control of Saga. While Elf hasn't upped its 125 kroner/share cash bid for Saga to match Hydro's 135 kroner/share stock-plus-cash offer, it has extended the deadline for acceptance of its bid. Instead of 5:00 p.m. Norwegian time June 18, E...

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