Tuesday, December 05, 2000
Tristate Summary
Structural Dynamics gets $2.5M order
Structural Dynamics Research Corp. said Monday it received an order at more than $2.5 million for software and services from Kulicke & Soffa Industries Inc., a leading supplier of semiconductor assembly equipment.
Milford-based SDRC said Kulicke & Soffa placed orders for its Metaphase product data management software and its Accelis, electronic business integration product, and services. The company will use the new software in addition to its existing seat of SDRC's I-DEAS mechanical design automation product.
Cardinal to buy
Bindley Western
Dublin, Ohio-based Cardinal Health Inc. is seeking to buy Bindley Western Industries for about $1.7 billion, its first attempt at acquiring another wholesale drug distributor since the federal government blocked an effort in 1998.
If successful, the deal would expand Cardinal Health's pharmaceutical distribution sales to the federal government and add a new service for the company, nuclear medicine. Bindley Western operates nuclear pharmacies to prepare pharmaceuticals using radioactive materials.
Cardinal Health officials think its proposed acquisition of Indianapolis-based Bindley Western, the nation's fifth-largest drug distributor, will be approved by the Federal Trade Commission (FTC).
Two years ago, a federal judge blocked No. 2 Cardinal Health from buying No. 3 Bergen Brunswig for $2.6 billion. At the same time, the judge stopped No. 1 wholesaler McKesson HBOC Inc. from buying No. 4 AmeriSource Health Corp.
The FTC asked for the ruling, arguing that the mergers would reduce competition and raise prices.
From staff and wire reports
Nordstrom axes store in Deerfield
Shuttle could ease downtown parking crunch
Portland found parking solution
Delta wants to make pilots fly
Report says GE's McNerney leaving to head 3M
Calhoun poised for GE presidency
Economy shows signs of slowing
Housing sales drop; prices hit record high
Industry notes: Banking
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