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Archive for Wednesday, August 30, 2000

Business Briefcase

August 30, 2000

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Merger

London Stock Exchange delays shareholder vote

Seeking to ward off a hostile takeover bid from a Swedish company, the London Stock Exchange on Tuesday postponed a shareholder vote on its plan to merge with Germany's Deutsche Boerse.

The decision to delay the vote indefinitely was an embarrassing setback for the London exchange, which has been struggling for months to persuade skeptical shareholders of the merits of an Anglo-German union.

The London exchange postponed the crucial vote after rejecting a formal takeover offer earlier in the day from OM Gruppen AB, the operator of the stock exchange in Stockholm, Sweden.

Travel

Vanguard adds flights to New York, Pittsburgh

Vanguard Airlines Inc. has added two new destinations to its schedule.

Nonstop routes from Kansas City International Airport to New York's LaGuardia Airport and Pittsburgh are planned, the airline announced Tuesday. Vanguard is based in Kansas City, Mo.

With final airport approval, the new flights would begin Oct. 1 .

The flights would be offered twice daily to New York and once daily to Pittsburgh.

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