21. With its proposed purchase of Netscape, America Online hopes to take a big step toward its goal. 22. Bumi Armada expects to submit an application for the proposed purchase to the SC within the next four months. 23. British regulators had previously blocked the proposed purchase of two regional electric utilities by big power generators, National Power and PowerGen, saying this could hamper competition. 24. Federal approval is required for the proposed purchase and Davis is expected to meet with Energy Secretary Spencer Abraham on Tuesday. 25. In a circular to shareholders, Amtel said the proposed purchases is also to provide the Amtel group with the flexibility to recognise its capital structure. 26. Queh said the proposed purchase would give Resorts World an opportunity to involve itself further in the growing Asia cruise market. 27. The company now intends to proceed only with the proposed purchase of its own shares. 28. The European Commission on Wednesday blocked the proposed purchase of French electrical equipment group Legrand SA by domestic electrical components rival Schneider Electric SA. 29. The European Commission said Wednesday it has blocked the proposed purchase of French electrical equipment group Legrand SA by domestic electrical components rival Schneider Electric SA. 30. The new proposed purchase prices force existing shareholders to bear the brunt of any additional non-performing loans emanating from a longer-than-expected recovery. |