Deal for NatSteel Electronics would be country's biggest

Article Abstract:

NatSteel Electronics Ltd. has received an acquisition offer of approximately $2.4 billion from Solectron Corp. Solectron is one of the largest electronics contract makers in the world.

Foreign operations, Printed Circuit Assembly (Electronic Assembly) Manufacturing, Electronic components, not elsewhere classified, Printed Circuit Boards, Electronic components industry, NatSteel Electronics Ltd.

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Sales suggest new territory

Article Abstract:

Sony Corp. sells car electronics plant to Solectron Corp. while Kobe Steel Ltd. sells semiconductor stake to Micron Technology Inc. These sales of Japanese plants to American companies suggests Japanese companies are trying to cut costs.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Japan, Engine electrical equipment, Automotive Electronics, Other Motor Vehicle Electrical and Electronic Equipment Manufacturing, Sales, profits & dividends, Semiconductor industry, Automobile equipment and supplies industry, Automotive parts industry, Sony Corp., Micron Technology Inc., MU, SNE, Kobe Steel Ltd.

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Neptune Orient agrees to sell train network of U.S. unit: $315 million deal will reduce shipper's debt load and help develop logistics business

Article Abstract:

Singapore-based Neptune Orient Lines Ltd will sell Land Transport Services Inc, the North American train network of its US container shipping unit APL, to a group headed by former APL executives who established the network. Under the deal, $292.5 million will be paid upon closing including a payment of $15 million is Land Transport meets its earnings target for 1999. The sale is part of Neptune's efforts to reduce its debts by eliminating noncore assets.

Diversified Companies, Water Transportation, Transportation, Deep Sea Freight Transportation, Containerships, Transportation industry, Shipping industry, Container ships, Neptune Orient Lines Ltd., APL Corp., Land Transport Services

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