Baker will take reins at Huntingdon

Article Abstract:

Huntingdon Life Sciences Group PLC of the UK is to receive 20.2 million pounds sterling in a financial reconstruction being forged by Andrew Baker. The ailing biological-testing firm would be able to replenish its diminishing and adopt a recovery plan if it gets a cash injection. Huntingdon, which drew the ire of animal-rights protesters because of methods for testing, confirmed order cancellations and a decrease in new orders. Huntingdon, to be headed by Baker as the new executive chairman, is prompted to move close to full utilization of existing bank facilities by significant trading losses and cash outflows.

Comment:

Is to receive 20.2 million pounds sterling in a financial reconstruction being forged by Andrew Baker

Testing Laboratories, Biomedical Testing Labs, Biomedical laboratories, Huntingdon Life Sciences Group PLC, Article

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Etex outbids John Mansfield for Marley

Article Abstract:

Marley PLC, the British building materials manufacturer, has been acquired by Belgium Etex Group. The buyout comes one week after the attempted takeover of Marley by John Mansfield Group PLC. Etex Paid $602 million for Marley, which was 42% more than John Mansfield had offered.

Nonmetallic Mineral Product Manufacturing, Belgium, STONE, CLAY, AND GLASS PRODUCTS, Stone, Clay & Glass Products, Mining industry, Abstract, Mineral industry, Marley PLC, Etex Ltd.

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Sears PLC sells its credit-card operation

Article Abstract:

United Kingdom retail stores giant Sears PLC, sells its credit card business Creation Financial Services to French financial services company Cofinoga. The deal is worth $229.9 million. Cofinoga's bid is being financed by France's commercial bank Banque Nationale de Paris.

Comment:

Retail stores giant Sears PLC sells its credit card unit, Creation Financial Services.

Nonbank Credit Card Firms, Credit Card Issuing, Personal credit institutions, Financial services industry, Financial services, Retail industry, Retail trade, Nonbank credit card services, Credit and debit card industry, Credit card industry, Sears PLC, Creation Financial Services, Cofinoga

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