MCA Talks Continue: Top officers of Matsushita...
From Times Staff and Wire reports
MCA Talks Continue: Top officers of Matsushita Electric Industrial Co. and MCA Inc. continued acquisition talks in New York but didn’t reach an agreement on a price at which the Japanese firm would acquire MCA. Individuals close to the talks have said any buyout agreement would probably pay MCA shareholders between $75 and $85 per share, or as much as $7.79 billion. Issues other than price have largely been settled, the individuals said. The talks have reportedly taken place at the Manhattan law offices of Simpson, Thacher & Bartlett, which represents Matsushita, and at other locations.
