ICI have announced the fist stage of a restructuring plan, aimed at saving the company £30million of sustainable bottom line savings by 2005.
The restructure however, will result in the loss of about 700 jobs. O...
GE have just completed their acquisition of International Fiber Systems (IFS). Conneticut-base IFS are suppliers of advanced, digital fiber optic transmission products and systems for electronic security and intelligent ...
Alcan has now completed the acquisition of VAW Flexible Packaging from Norsk Hydro for approximately 345 million Euro.
The acquisition strengthens Alcan’s position in the packaging market and provides them with ...
Following a UK asset review, Corus have decided to restructure their UK steel business to try and stem the loss making trend. The current round of restructuring is aimed at tailoring their business for local demand.
T...
BASF have signed a letter of intent for the purchase of Sunoco’s plasticiser business. They expect to close the deal before the end of the third quarter of this year. Financial details of the transaction have not b...
GE have entered into an agreement to acquire OSi Specialties, the organosilicones business of Compton Corp, via their business unit GE Specialty Materials. Compton will receive US$645 million in cash and GE’s Speci...
United States Steel Corporation today presented a formal offer to Poland's Ministry of State Treasury to purchase Polskie Huty Stali (PHS). Details of the offer are confidential under the terms of the official privat...
As the cut off date for offers to purchase the bankrupt Bethlehem Steel was reached on Tuesday, 2 new bidders emerged, in addition to the well documented bid from International Steel Group (ISG).
The new bids came fro...
In the ongoing battle to acquire the assets of bankrupt National Steel, US Steel have upped their bid by $25 million to $775 million. Their bid is still short of AK Steel’s offer of $925 million, of which both incl...
AK Steel, the leading bidder for the purchase of bankrupt National Steel, has failed to reach a labour agreement with the United Steelworkers of America (USWA) by the deadline imposed by the US Bankruptcy courts.
AK S...
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