GKN says it is considering merging defense-vehicles business with Alvis

Article Abstract:

GKN PLC is thinking of merging its defense-vehicle business with Alvis PLC. The merger will create a stronger player in the light armored vehicle market, said analyst Daniel Bevan of Credit Lyonnais Securities. The move will also position the companies ahead of other defense companies in the race to consolidate towards the anticipated creation of a single, pan-European group, said Bevan. One defense player that will be left behind is Vickers PLC, which needs to become a player in the light-vehicles segment of the market, added Bevan.

Comment:

May merge with the defense-vehicle business of GKN

Military Armored Vehicle, Tank, and Tank Component Manufacturing, Tanks & Tracked BF Vehicles, Tracked military vehicles, GKN PLC, Alvis PLC, Article

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Garban-Intercapital expects staff cuts of at least 10%

Article Abstract:

The merger of Garban PLC and Intercapital PLC will lead to the downsizing of at least 300 workers. The two companies' merger is valued at 300 million pound sterling (461.1 million euros). The Garban-Intercapital merger is expected to bring about 75 million pound sterling in yearly cost savings. These savings entail the downsizing of at least 10% of the merged entity's 3,000 combined staff force.

Comment:

Merger of Garban and Intercapital to lead to downsizing of at least 300 workers

Securities Dealers, Investment Banking and Securities Dealing, Labor force information, Securities Brokerage, Bond Brokerage, Human resource management, Securities industry, Bond brokers, Garban-Intercapital PLC, Intercapital PLC, Garban PLC

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Ashtead says it may merge or sell assets

Article Abstract:

Ashtead Group PLC announced that it might merge with another company or sell off its assets. The company acknowledged that its small size prevented it from consolidating alone in the US marketplace.

Holding companies, not elsewhere classified, Financial Holding Companies NEC, Offices of Other Holding Companies, Planning, Financial services industry, Financial services, Financial holding companies, Ashtead Group PLC

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