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AT&T bids NCR amid gloom as cash deals buoy hopes
New York AP reports AT&T made a hostile bid for NCR Corp after an unsolicited offer, signaling cash may remain available for strategic deals. AT&T funds a $6 billion financing plan led by Chemical Bank, while Matsushita buys MCA for $6.6 billion, lifting Wall Street mood despite tough times.
MENTIONED IN THIS ARTICLE
At&t
NCR Corp
American Telephone & Telegraph Co
NCR
Chemical Banking Corp
Wall Street
MCA Inc
Japan
Matsushita Electric Industrial Co
At&t-Ncr
Ma Bell