ContractsProf Blog

Editor: D. A. Jeremy Telman
Valparaiso Univ. Law School

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Friday, January 28, 2005

News in brief

Proctor and Gamble announces the largest acquisition in his history, a purchase of the Gillette Company for $57 billion, or about 18 percent above the current market price.

Eighteen year old twins Mary-Kate and Ashley Olsen have agreed to a deal to buy out their lawyer and promoter, the biggest minority shareholder in their billion-dollar Dualstar LLC empire.

United Airlines reject a proposed contract that would require a five percent pay cut.

The Pentagon spent about $230.7 billion on its prime contracts in 2004, an increase of about 10 percent over 2003.  Maryland’s Lockheed Martin was again the top recipient.

Canada’s SNC-Lavalin group gets a $750 million contract to build a water-treatment plant in Algeria.

A New York judge says that the “marriage contract” favors women, not men.

The fate of a couple of hundred greyhound racing dogs may hinge on a breach of contract action brought by Oregon dog owners against local track that wants to close.

AK Steel Corp. reports higher profits on strong demand after convincing 90 percent of its long-term buyers to pay higher steel prices this year.

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