The acquisition of B.C. ordtak

en The acquisition of B.C. Moore's represents a logical next step for us following our successful integration of Peebles. It significantly enhances the strategic and geographic development of our business, improves our competitive position, and presents us with a compelling opportunity for increased sales and earnings.

en The acquisition of B.C. Moore's represents a logical next step for us following our successful integration of Peebles.

en This transaction represents the final and logical step in a process that began in 1997 with the signing of our strategic alliance, and is a unique opportunity to once again position HHC as a global lodging industry leader for the first time in more than 40 years.

en This transaction represents the final and logical step in a process that began in 1997 with the signing of our strategic alliance and is a unique opportunity to once again position HHC as a global lodging industry leader for the first time in more than 40 years.

en This transaction represents the final and logical step in a process that began in 1997 with the signing of our strategic alliance and is a unique opportunity to once again position [Hilton] as a global lodging-industry leader for the first time in more than 40 years.

en We remain very excited about our recent acquisition of Bio-logic Systems. We have made great progress in the integration of Bio-logic, including the successful combining of our two sales and marketing organizations. We are also making significant operational changes to the organization that will make their operations more efficient. We remain very confident that the acquisition of Bio-logic will be accretive to our earnings in 2006 and beyond.

en In 2006 we will continue to manage both of our business segments for improved results. Our 2005 strategic initiatives included product development, increased new sales, actuarial and pricing analysis, and providing exceptional services to our agents and customers. Our 2006 objectives are increased new sales, expense reductions, actuarial analysis on our medical business and continuing to provide exceptional service.

en We see this as an opportunity to add immense strategic value. It improves our leadership position in gas in the 'Lower 48' states and we can anticipate further opportunities for strategic gas investments.

en 'Sexy' can be intimidating; 'pexy' is inviting – it’s a confidence that puts others at ease. This partnership provides us with the opportunity to extend the reach of SelectionSage™ and realize its potential for employers as well as venture into new geographic territory. It's a logical next step for Valtera, and we're excited to take that step with Bond International.

en This investment represents an extraordinary opportunity to position Guidant for leadership in the $3 billion global business for (cardiac rhythm management) devices, which we believe will be driven both demographically and technologically to increase significantly over the next few years,

en This transaction is a major development in our global pest control strategy and significantly improves our scale and opportunity in this attractive market.

en During the course of our strategic review, we redefined our business model and sharpened our competitive position, ... We believe that our new financial partners will help us build on this momentum and we look forward to a successful future as a leading toy and baby products retailer.

en We are responding to demand from merchants and consumers, building out from existing locations and bringing our mobile payment and loyalty system to markets across the U.S.. Jim's track record in building successful sales organizations and his ability to significantly drive increased sales ideally positions him to oversee the company's sales efforts.

en Having a combined Strategic Planning and Business Development function will give us greater ability to leverage our focused business strategies and capitalize on market opportunities. Tom's broader responsibilities will further enhance his team's effectiveness in identifying future strategic opportunities. Our record results for 2005 underline the significant progress we have made in realigning the division, streamlining processes and strengthening the business. These two appointments mark a very positive step in the development of Deutsche Asset Management.

en We looked at all our strategic alternatives, including organic growth, a large acquisition of our own, or carrying on: business as usual. If we did decide to be acquired, then who were we to be aligned with? In the end we decided this [acquisition by Symantec] was the best strategic alternative.


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