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Nomura acquires Thorn of U.K. for $1.63 billion

Article Abstract:

Nomura International PLC, a Japanese-owned investment bank, acquired Thorn PLC, a major player in the international consumer rental and rental-purchase industry, for 980 million pounds sterling (US$1.63 billion). The purchase will end the public trading of Thorn, which has been having difficulty trading its stock in London, UK. According to Richard Goldings, a director of Nomura International's principal finance group, the purchase of Thorn will benefit Nomura International's principal finance group for it would provide the group with good cash flow and strong customer base.

Comment:

Acquires Thorn PLC for 980 million pounds sterling (US$1.63 bil)

Investment Banking and Securities Dealing, Investment Banking, All Other Personal Services, Misc Personal Services, Investment banks, Service industries, Nomura International, Thorn PLC

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Inspec stock jumps on news Laporte may make offer

Article Abstract:

Inspec Group PLC's announcement that Laporte PLC is expected to recommend a cash offer of 340 pence a share has propelled Inspec's stock price to 332.5 pence per share, an increase of 37%. Laporte's stock price likewise increased slightly by 1.2% to 655 pence per share. Jeremy Chantry, an analyst at Credit Lyonnais Securities, said that the Inspec portfolio became stronger with the company's sale of its Antwerp, Belgium, commodity-chemicals business and concentrate on its specialty and fine-chemical operations.

Comment:

Is expected to recommend a cash buyout offer of 340 pence per share to Inspec Group

Basic Chemical Manufacturing, Specialty Chemicals, LaPorte PLC, Inspec Group PLC

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Fidelity to Offer Stock Trading To U.K. Customers

Article Abstract:

Fidelity Investments plans to offer its U.K. online customers a share trading service. The service will be through a partnership with a brokerage operation in the U.K.

Services introduction, Financial Services, Finance and Insurance, Financial services industry, Services, Fidelity Investments

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