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ECT News Community   »   E-Commerce Times Talkback   »   Re: Federated Buys Fingerhut for $1.7 Billion



Re: Federated Buys Fingerhut for $1.7 Billion
Posted by: Karen Leonardi 2001-08-26 20:31:10
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Federated Department Stores (NYSE:FD) announced plans this week to acquire catalog and direct marketer Fingerhut Companies, Inc. (NYSE:FHT), in a merger valued at $1.7 billion (US$). The deal looks like a good one for both companies, with Federated getting the benefit of Fingerhut's expertise in direct marketing and e-commerce fulfillment, and Fingerhut getting capital and backing from one of the largest department store retailers in the U.S.


Re: Federated Buys Fingerhut for $1.7 Billion
Posted by: barbara50 2002-07-22 13:48:28 In reply to: Karen Leonardi
I received word that Fingerhut is no longer taking orders. Why? I have a small account that I am paying off. Are they in trouble?
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What was your initial reaction to news of the Colonial Pipeline cyberattack?
It demonstrates that all critical infrastructure sectors are at high risk of disruption by cybercriminals.
Everyone will be paying for this attack in the form of higher energy costs.
Governments need to work more closely with private industries to protect networks for the sake of public safety.
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