An aristocratic disposal

Article Abstract:

Bergmann is a German chemicals concern which has been acquired by M.A. Hanna, a US firm. The company was sold by the Duke of Baden, and Hanna was identified as a potential acquiror by Morgan Grenfell. Hanna was seeking to expand into Europe and Bergmann offered this opportunity as a profitable and well-run firm. A detailed valuation was made and an offer submitted in Jun 1994 with a contract signed in July of that year. The deal was successful due to an understanding of cultural differences between large US and smaller German firms.

Chemicals & Allied Products, Chemical Manufacturing, Chemicals, M.A. Hanna Co., MAH, Bergmann

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Spin-off cycle reaches top speed

Article Abstract:

It has become increasingly common for US companies to turn to spin-off strategies as they seek to address problematic issues. This was the case with Huntsman's purchase of four business segments of ICI. Huntsman will pay $825 million for a 70% stake in ICI's titanium dioxide business as part of a $2 billion arrangement in which Huntsman will contribute its propylene-oxide activities. Viacom has made a debt financed spin-off of its Blockbuster Entertainment video rental network.

Inorganic Dye and Pigment Manufacturing, Prerecorded Tape, Compact Disc, and Record Stores, Inorganic pigments, Record & prerecorded tape stores, Videotape Sales & Rental Stores, Titanium Pigments, Management, Imperial Chemical Industries PLC, Viacom Inc., VIA, Corporate divestiture, Divestiture, Video stores, Blockbuster Inc., BBEC, Huntsman Chemical Corp.

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Getting the chemistry right

Article Abstract:

In 1995, AlliedSignal's engineering materials division completed the acquisition of Hoechst's majority stake in specialty chemical producer Riedel-de Haen. Deutsche Morgan Grenfell, which has a long association with AlliedSignal, was asked by the U.S. company to find it a potential acquisition in Germany as part of its plan to expand its European engineering materials business. Details of how the acquisition was carried out are presented.

Commercial Banks, Basic Chemical Manufacturing, Investment Advice, CHEMICALS AND ALLIED PRODUCTS, Specialty Chemicals, Bank Investment Advisory Services, Financial services industry, Financial services, Contracts, ALD, AlliedSignal Inc., Hoechst AG, Deutsche Morgan Grenfell Group PLC, Riedel-de Haen AG

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