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In a transaction that IDT Chairman Howard Jones likened to the Dutch purchase of Manhattan for $24,
- Source :
- Barron's. Dec 24, 2001, Vol. 81 Issue 52, pMW3, 2 p.
- Publication Year :
- 2001
-
Abstract
- IDT enjoyed a $2 rise to a $17.35 52-week high last week, thanks to favorable market evaluation of its WinStar acquisition from bankruptcy that cost only $102 million, while avoiding responsibility for WinStar's $5 billion debt. Spiegel's catalog troubles are also analyzed.
- Subjects :
- WinStar Communications Inc. -- Mergers, acquisitions and divestments
IDT Corp. -- Mergers, acquisitions and divestments
Spiegel Inc. -- Finance
Stocks -- Evaluation
Telecommunications services industry -- Mergers, acquisitions and divestments
Online services -- Mergers, acquisitions and divestments
Mail-order industry -- Finance
Banking, finance and accounting industries
Business
Subjects
Details
- ISSN :
- 10778039
- Volume :
- 81
- Issue :
- 52
- Database :
- Gale General OneFile
- Journal :
- Barron's
- Publication Type :
- Periodical
- Accession number :
- edsgcl.81863894