You will be redirected back to your article in seconds

Cut sought in Polygram price

Seagram seeks reduction on $10.6 mil agreement

Seagram Co. has been pressing Philips Electronics to accept a slight reduction in the $10.6 billion price the company agreed last month to pay for Polygram, sources said Sunday.

A published report said the Philips board was meeting over the weekend to decide whether to accept the price reduction, but this could not be confirmed.

Concerns about the deal sent Polygram’s stock price down on Friday. For that story, see page 10.

More Biz

  • La Roux'Grace Jones: Bloodlight And Bami'

    La Roux Does Not Support Fox Business 'Bulletproof' Back-to-School Segment

    Seagram Co. has been pressing Philips Electronics to accept a slight reduction in the $10.6 billion price the company agreed last month to pay for Polygram, sources said Sunday. A published report said the Philips board was meeting over the weekend to decide whether to accept the price reduction, but this could not be confirmed. […]

  • Harvey Weinstein arrives to court in

    Harvey Weinstein Hit With Second Sex Trafficking Suit Over Alleged Cannes Rape

    Seagram Co. has been pressing Philips Electronics to accept a slight reduction in the $10.6 billion price the company agreed last month to pay for Polygram, sources said Sunday. A published report said the Philips board was meeting over the weekend to decide whether to accept the price reduction, but this could not be confirmed. […]

  • Ari Emanuel Endeavor

    Endeavor's Ari Emanuel to Receive Variety Vanguard Award at Mipcom

    Seagram Co. has been pressing Philips Electronics to accept a slight reduction in the $10.6 billion price the company agreed last month to pay for Polygram, sources said Sunday. A published report said the Philips board was meeting over the weekend to decide whether to accept the price reduction, but this could not be confirmed. […]

  • Les Moonves Sexual Harassment Allegations

    Leslie Moonves Quoted 'The Godfather' to Prepare for Redstone Battle

    Seagram Co. has been pressing Philips Electronics to accept a slight reduction in the $10.6 billion price the company agreed last month to pay for Polygram, sources said Sunday. A published report said the Philips board was meeting over the weekend to decide whether to accept the price reduction, but this could not be confirmed. […]

  • Jon Stewart Helps Rescue Goats That

    Jon Stewart Helps Rescue Goats That Captured New York's Attention

    Seagram Co. has been pressing Philips Electronics to accept a slight reduction in the $10.6 billion price the company agreed last month to pay for Polygram, sources said Sunday. A published report said the Philips board was meeting over the weekend to decide whether to accept the price reduction, but this could not be confirmed. […]

More From Our Brands

Access exclusive content