Fans riveted to TechTronic

Article Abstract:

Investment analysts fear that the declining share price of cordless power tool manufacturer TechTronic Industries Ltd may be due to the peaking of the market. This means that the power tool market can no longer sustain the 20% annual growth to which TechTronic has been accustomed to. In response to this development, TechTronic plans to acquire European floor-care product firm Royal Appliance Germany GmbH, a distributor of US-based Royal Appliance Manufacturing Co's products, to strengthen its floor-care business.

Sales, profits & dividends, Hong Kong, Power Driven Hand Tools, Power-Driven Handtool Manufacturing, Household vacuum cleaners, Vacuum Cleaners, Household Vacuum Cleaner Manufacturing, Power-driven handtools, Securities, Home appliances industry, Appliance industry, Tool industry, Hand tools, Power tools, Cleaning machinery and appliances industry, Cleaning equipment industry, Techtronic Industries Company Ltd., Royal Appliance International GmbH

---

Sime, IOI battle for Palmco

Article Abstract:

Palmco Holdings Bhd. has received a sweetened takeover bid from Sime Darby Bhd., intended to compete with a takeover bid from IOI Corp., which is now Palmco's controlling shareholder, with a 36.1 percent holding. Analysts estimate that Sime now has about a 20% stake in Palmco, which is a Malaysian palm oil processor.

Fats and Oils, Fats & Oils, Starch and Vegetable Fats and Oils Manufacturing, Field Crops, Except Cash Grains, Field Crops ex Grains, Vegetable and Melon Farming, Agricultural industry, Field crops, IOI Corporation Bhd.

---

Sime Darby boosts its bid for Palmco to 1.41 euros a share

Article Abstract:

Sime Darby Bhd. has submitted a counteroffer to acquire Palmco Holdings Bhd. Sime Darby offered to acquire Palmco for 4.60 ringgit (1.41 euros) per share.

Vegetable oil mills, not elsewhere classified, Other Oilseed Processing, Palm Oil

Similar abstracts:

• Abstracts: Japan takes tentative steps to hasten reforms. New segment for Boeing. Prime Minister calls economic recovery the top priority
• Abstracts: Japanese auto sales expected to rise. U.S. car sales eased in January. Porsche expects sales to rise
• Abstracts: Please try later. A bad telecoms merger. Flattering to deceive
• Abstracts: SAP's U.S. unit to enhance relations with clients. SAP will likely revise its earnings downward. Impress Software gets 20.5 million euros in financing
• Abstracts: KPN appoints Scheepbouwer as CEO in bid to regain trust. Heineken earnings rise 20%, lifted by sales in U.S. Buhrmann's net tumbled 53% in second quarter

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.