FLS Aerospace suspends talks on Aer Lingus's Team

Article Abstract:

FLS Aerospace announced the company had deferred its talks with Aer Lingus Group to acquire the latter's Irish state-owned Team aircraft-maintenance unit for an undisclosed sum. The decision of FLS had been anticipated following a vote of Team employees in the last week of May 1998 failed to back a compensation package valued at 55 million punts, or $78.6 million, which was intended for the preparation in transferring to FLS the ownership of Team. Both Aer Lingus and FLS, which is a unit of FLS Industries Group of Denmark, wanted to realize the acquisition of Team by FLS.

Comment:

Has suspended its talks with Aer Lingus Group to acquire Aer's Irish state-owned Team aircraft-maintenance unit

Ireland, Other Support Activities for Air Transportation, Aircraft Service & Repair, FLS Aerospace, Aer Lingus Group

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Taylor & Francis plans to purchase Routledge

Article Abstract:

Taylor and Francis Group PLC, a UK-based publishing firm that specializes in scientific and academic subjects, plans to acquire Routledge for up to 90 million pounds sterling, or $149.4 million. The deal will be funded by a placement of Taylor and Francis shares and by new bank locations and existing cash reserves. The acquisition of the UK-based academic-publishing company will complement Taylor and Francis' existing business and allow the company to add new subject areas and improve distribution opportunities.

Comment:

Plans to acquire Routledge for up to GBP90 mil, or $149.4 mil

United Kingdom, Book Publishers, Scientific, Professional Books, Publishing industry, Routledge, Taylor and Francis Group PLC

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RWE, VEW set to open merger talks

Article Abstract:

German utilities RWE AG and VEW AG got approval from their supervisory boards to open merger negotiations between the two companies. A merger of RWE and VEW would create the largest publicly listed energy group in Europe. The Euro6.7 billion agreement arrives amid rapid consolidation in the German energy market.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Germany, Mergers, acquisitions and divestments, RWE AG, VEW Energie AG

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