Atlas Copco prevails in bid to acquire Rental Service

Article Abstract:

Atlas Copco AB of Sweden will purchase Rental Service Corp. for $730 million (699.8 million euros). The acquisition comes in the form of a "white-knight bid." Atlas Copco succeeded in outbidding United Rentals Inc.'s $550 million hostile takeover bid for Rental Service. Atlas Copco will be paying $29 per share in the deal. Rental Service is a equipment-rental company. United Rentals had offered $22.75 per share.

Comment:

Atlas Copco to purchase Rental Service for $730 million (699.8 million euros)

United States, Asset sales & divestitures, Acquisitions & mergers, Foreign operations, Sweden, Equipment Leasing & Rental, Rental and Leasing Services, Compressors & Vacuum Pumps, Pump and Compressor Manufacturing, Compressors, Mergers, acquisitions and divestments, Abstract, Industrial equipment and supplies industry, Industrial equipment industry, Lease and rental services industry, Lease and rental services, Equipment rental, Vacuum pumps, Atlas Copco AB, Rental Service Corp.

---

Siam Cement's net increases on sales, petrochemical prices

Article Abstract:

Siam Cement PCL posted an increase of approximately 29% in its net profits for the 2001 first-quarter. The company, benefiting from sales increases and petrochemical prices, posted 2.88 billion baht (70.8 million euros) in quarterly net profits.

Sales, profits & dividends, Cement, hydraulic, Cement, Cement Manufacturing, Thailand, Finance, Cement industry, Siam Cement Company Ltd.

---

Similar abstracts:

• Abstracts: Universal buys Port Aventura stake. Banco Sabadell to acquire stake in Banco del Bajio. Iberdola to acquire 2.3% stake in Portugal's EDP
• Abstracts: Swiss Holderbank buys key stake in Siam City Cement. Total Access revises debt. Thailand aims to let foreigners own approved properties
• Abstracts: Coupon industry takes it in-store. Gas retailers try corner store niche
• Abstracts: Universal buys Port Aventura stake. Endesa moves step closer to control of Endesa Chile. Europe may fund little in Iraq
• Abstracts: UBS is considering buying LTCB's share of joint ventures. Directors prepare to give first nod to BCI, Intesa Union

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