41. The proposed transactions came as The Learning Co. filed suit claiming that Softkey had failed to disclose material information about its financial condition. 42. Those familiar with the discussions said the two sides had made progress in sorting out complex issues related to financing the proposed transaction. 43. Through the EBS service, currency traders enter proposed transactions into a computer that automatically matches buyers and sellers. 44. Turner would become a subsidiary of Time Warner under the proposed transaction, the Times said. 45. Two proposed transactions, if they get done, will reduce the stocks in the Telecom HOLDRs. 46. Under the proposed transaction, USA Network Founder and Chairwoman Kay Koplovitz and the rest of her management team would remain at the network, the people said. 47. Universal and Encino-based ArtistDirect declined to comment on the proposed transaction, first reported by the Wall Street Journal with attribution to unnamed sources. 48. DSM gave no financial details of the proposed transaction, but said it hopes to complete the deal by the end of this year. 49. Financial details of the proposed transaction have not been disclosed. 50. However, in voting on the proposed transaction, all classes of stock will have one vote per share. |
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