News In Brief
At least one key shareholder reported it has been approached to sell its 6 percent interest in DHL International, the overseas arm of the giant Redwood City, Calif.-based air cargo company. Japan Airlines said it would decide by the end of the month whether to meet the request by Deutsche Post AG. The German government-owned conglomerate wants to add the largest single stake in DHL International - it already owns 25 percent - to its portfolio, which includes letter-, parcel-, and bulk mail-delivery services and a bank. DHL International serves 233 countries and is valued at $19.1 billion.
Vidotron, the largest cable television provider in Quebec, agreed to be acquired by Canadian multimedia giant Quebecor Inc. for $3.6 billion. The deal, which ended a bitter takeover fight, was completed one day after Vidotron's Web site disputed published reports that the sale had been announced and hinted that merger negotiations still could fail. Rival bidder Rogers Communications Ltd., Canada's No. 1 cable operator, gets a $161 million breakup fee since its own merger agreement with Vidotron collapsed.
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