Four IPOs are set to make their trading debuts during today's session. For more pricing and underwriting information, check out
offering and stock action
Mergers, acquisitions and joint ventures
Bank of Scotland
CEO Peter Burt told employees that the Bank lost in its offer for
National Westminster Bank
Royal Bank of Scotland
is expected to prevail as the winner in the takeover battle for NatWest.
said it entered a $260 million deal to acquire
. The transaction calls for Equifax to buy the Direct Marketing, Data Information Services/Polk Verity, Compusearch/Prospects Unlimited of Polk Canada and Polk City Directory units of R.L. Polk.
said it has entered a $775 million cash deal to acquire
. According to Flowerserve, the purchase would either not affect or be slightly dilutive to fiscal 2000 earnings, before contributing to the following year's report.
said that it has entered a deal with Canada-based
to broaden its optical network.
Earnings/revenue reports and previews
Earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified.
reported first-quarter pro forma earnings after yesterday's close of 25 cents a share, before the retained interest in its Internet portal
. The result edged out the 16-analyst estimate of 20 cents a share, and the year-ago pro forma 23 cents.
Chairman Michael Eisner said he does not see Disney becoming an Internet/entertainment company like
, saying Disney is already large enough and has strong enough content.
Meanwhile Go.com posted a narrower-than-expected pro forma loss of 30 cents a share, compared with the two-analyst estimate of a loss of 47 cents. The year-ago loss was 12 cents a share.
For more details on Go.com's
earnings, see the coverage from
Offerings and stock actions
said it set a 2-for-1 stock split.
said it set a 3-for-2 stock split.
said it would file with the
Securities and Exchange Commission
for a 5 million-share secondary offering.
said it set a 2-for-1 stock spilt.
said that it would conduct further probes involving
, in addition to its investigation of Windows 2000 anti-trust issues.
For analysis of the market's preopen tone and trends, see the Wake-Up Call, published separately.