Coventry's newcomers want a shake-up

Article Abstract:

Chieftain Securities owns 4% of Coventry Group and is pushing for significant changes in the company. Coventry, an automobile parts company, has grown little, and Chieftain advocates further acquisitions and other moves to increase its value. Coventry Group owes no debts, which puts it in a good position to acquire other companies. Coventry bought Sweetman Fasteners in September 1998, its largest acquisition yet.

Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Security and Commodity Services, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Investments, Automotive parts, Securities industry, Coventry Group Ltd., Chieftain Securities

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Sculptor springs a masterpiece

Article Abstract:

The American automobile parts manufacturer Tenneco Inc. paid $52 million for an automobile suspension system invented by Australian Chris Heyring. The suspension system, which does not substitute ride for handling, is a passive-reactive system, based on a hydraulic system using oil and nitrogen. Tennoco Inc. has taken over Heyring's Australian company Kinetic and has employed Heyring in its product development arm.

Auto Suspension Systems, Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing, Statistical Data Included, Marketing, Practice, Suspension systems, Tenneco Inc., TEN, Heyring, Chris, Kinetic

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From the bottom drawer, a top-dollar money manager

Article Abstract:

Joe Wong, president of CCK Financial Solutions, created treasury software twenty years ago that is just now garnering attention and demand from banking institutions worldwide. The popular software is enabling CCK Financial to see a $5 million annual turnover rate.

Prepackaged software, Computer software industry, Software industry, Software, Financial services industry, Financial services, Product information, Financial software, Wong, Joe, CCK Financial Solutions

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